The Latest

As more employers offer student loan repayment assistance to their workers, lenders that specialize in refinancing debt — like Citizens Financial and SoFi — see an opportunity to reel in more customers.

Ally Financial announced Tuesday that it had agreed to buy the online brokerage firm TradeKing Group for approximately $275 million. TradeKing, based in Fort Lauderdale, Fla., has roughly $4.5 billion in client assets.

ITT Technical Institute exaggerated its job-placement rates by counting "any job graduates got that somehow involved the use of a computer" and misled prospective students about the quality of its programs, according to a lawsuit filed Monday.

The program is a 24-month curriculum designed to generate groundbreaking new ideas and position participants to carry the torch for growth and innovation in the credit union market, Filene announced Monday.

Swift is moving into the testing phase of its global payments initiative, saying 21 banks have started a pilot for clearer communication amongst banks making and accepting cross-border payments.

With Barclays at long last offering Apple Pay to its customers, Apple can now say it has a lineup of the U.K.'s largest banks supporting its mobile pay system.

Bank of America's electronic payments processing arm has created a European unit based in London.

Raj Seshadri will join the company April 11 as president of U.S. issuers, MasterCard said in a Tuesday news release. She will also become a member of the management committee.

Donald Trump proposed to block billions of dollars in payments immigrants send back to Mexico if the government there refuses to pay for a border wall, in a potentially devastating move for Mexico's economy.

The United Kingdom's potential departure from the European Union has implications not just for British banks but for large interconnected financial institutions based here as well.