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Bank of England Taps Capital Buffer to Spur Loans

Recent headlines are revealing just how challenging it is to send cross-border payments into emerging markets. Nowhere is this more apparent than in the case of sending low-value mass payouts for business.

As the banks behind Early Warning's clearXchange network start to flex its muscles, one of their important tasks will be to convince business clients it's worth it to collect funds through a process designed for person-to-person payments.

Critics of the Consumer Financial Protection Bureau think there's renewed chance to change the regulator's structure. They point to the upcoming presidential election and recent setbacks to CFPB Director Richard Cordray as laying groundwork for a change.

ACI Worldwide has named technology veteran Marco Bravo vice president for its Latin America division.

B&T in Winston-Salem, N.C., said that Brant Standridge will succeed Steven Wiggs as its lending group manager on Aug. 1.

When credit union executives were asked what they thought the Credit Union National Association’s three top priorities should be, here’s what they replied.

Flushing Financial in Uniondale, N.Y., has raised $21 million in capital after selling an office building.

American National in Danville, Va., has hired the former chief financial officer at NewBridge Bancorp to oversee strategic initiatives.

North Carolina has lost more than 40% of its banks in the past decade, creating a new tier of larger institutions. More deals are expected to occur, raising questions about the pace of M&A and the fate of those bigger banks.