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Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac.

Comerica reported a steep decline in first-quarter profits as weak energy prices forced the Dallas company to sharply boost its reserves for loan losses.

While beneficial for businesses and consumers, Nacha's new rule for same day transactions will require banks and other financial institutions to review thousands of additional transactions per day, leading to a significant increase in costs, not to mention an increased potential for fraud due to volume and rapidness of review.

The heat of battle can forge some unlikely bonds, as demonstrated by MasterCard and Western Union’s collaboration with the four-year-old mobile financial service provider bKash, giving the incumbents a foothold in omnichannel payments and making them a bigger threat to other newcomers.

Wintrust Financial in Rosemont, Ill., in the first quarter reaped the benefits of several M&A deals that it completed last year.

Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac.

A British author and a Singapore venture capital firm have formed a $5 million investment fund to help banks partner with startup companies in the blockchain industry.

WASHINGTON — Several Democratic senators are calling for the Government Accountability Office to investigate whether financial technology companies are properly regulated.

Porter Bancorp in Louisville, Ky., used part of $5 million it raised in a private placement to become current on interest payments on some debt holdings.