The Latest

The Department of Housing and Urban Development is reducing the mortgage insurance premiums it charges on Federal Housing Administration multifamily loans to encourage the renovation of affordable housing units and promote energy-efficient upgrades.

Splitit has expanded its interest-free installment payments technology to health care providers, enabling their patients to receive instant approval to finance health care costs through their Visa or MasterCard credit cards on file.

Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.

East West Bancorp in Pasadena, Calif., said higher income taxes and lower interest income were partly to blame for a 3.87% drop, to $91.8 million, in its fourth-quarter profit.

JPMorgan Chase will have its name on the proposed arena for the Golden State Warriors in San Francisco, the National Basketball Association team said.

Former CU CEO moves to vendor, Charter Oak president elected to chair regional board and more.

TCF Financial in Wayzata, Minn., reported higher profits on lower provision costs and a pickup in lending in the fourth quarter.

Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.

Brokers Acquitted in Libor Case; BofA Big on Blockchain

Unless banks devote the same amount of investment as standalone incubators, the innovation labs launched by financial institutions will be a short-term fad.