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NPL investors will have to consider principal reductions and offer more sustainable loan modifications.

Heather Cox says Citi cherry-picks the best of fintech apps for its own services; FemTech leaders ponder what Brexit means for fintech; and SEC chair Mary Jo White takes on board diversity. Plus, Synovus' Liz Dukes Wolverton and Synchrony's Carol Juel.

The $126 billion-asset holding company for Regions Bank said Jeremy King, who had been support manager for private wealth, is now executive vice president of wealth management strategy and effectiveness for Regions Wealth Management.

Grocery chain Aldi, which manages overhead by requiring consumers to bag their own groceries, is a late adopter--but it is starting to add new payment types.

After years of bulking up on shared national credits, a number of regional banks are cutting back because of the heartburn from problem oil and gas loans. A few lenders are refusing to budge, but many will have no choice if they want to dilute the energy risk on their books.

Bokis, a consortium of 62 small- to midsize banks in Denmark, will launch an NFC-based digital wallet this fall powered by host card emulation (HCE) that will be available to all its members, according to Nets A/S, the Denmark payments technology firm heading the wallet’s development.

Some business that's been ceded to fintech startups such as marketplace lenders and financial app providers can be won back, bankers say.

Six credit union employees pleaded guilty to assorted crimes in June, the National Credit Union Administration said in a press release Thursday, leading the regulator to issue notices of prohibition, effectively barring them from working or participating in any federally insured financial institution.

The Canadian company took its time before making a bank acquisition in the U.S. The wait allowed management to address internal performance, assess the market and find the right bank to buy.

Banks, credit card companies and other financial firms are strategizing ways to stave off higher legal bills they expect from the Consumer Financial Protection Bureau’s proposal to limit the use of arbitration clauses, which is likely to open the floodgates to class action lawsuits.