The Latest

TACOMA, Wash. — Thirty-five years is enough for Richard Brandsma, who will retire from his position as CEO of $ 1.3 billion Sound Credit Union this week.

Buyers of certain syndicated corporate loans have had an incentive to drag their feet closing trades; they will soon pay a hefty price if they don't do their part. The reform should help lenders get assets off their books faster.

Robertson Banking Co. in Demopolis, Ala., has given its president, Gary Holemon, the additional title of chief executive.

The president and chief banking officer at Heritage Oaks Bancorp in Paso Robles, Calif., plans to leave the company next month.

If the general election comes down to Hillary Clinton against Donald Trump, many community bankers are uncertain whom they will back. They fear Clinton will continue the regulatory crackdown against the industry, but are unsure what plans Trump would put in motion.

WASHINGTON — After being forced by a court to withdraw its enforcement action against Tanzanian bank FBME, the Treasury Department's Financial Crimes Enforcement Network has once again finalized a rule requiring U.S. institutions to cut off ties with the bank.

The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution.

EBay has become a member of the Fast Identity Online (FIDO) Alliance, making it the first e-commerce company to achieve FIDO certification.

Google plans to end support for the physical Google Wallet Card, according to information included in the code of its latest Google Wallet app update.

Samsung Electronics and China UnionPay have joined forces to launch Samsung Pay in China.