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Millennials may have initially been the primary target for digital banking services, but we must bust the myth that they're the only ones craving innovation.

Fifth Third Bancorp in Cincinnati on Thursday reported a big spike in profits, after selling shares in the payment processor Vantiv.

Barclays Plans Job Cuts in U.S. to Reduce Expenses; Blockchain Test Results

BB&T in Winston-Salem, N.C., posted lower quarterly results that largely reflected lower fee income and costs tied to recent acquisitions.

House Financial Services Committee Chairman Jeb Hensarling is trying to stop $80 million in payments given to borrowers as part of a controversial auto loan discrimination settlement with Ally Financial until regulators verify the checks were actually given to minorities.

Signature Bank in New York reported a record profit in the fourth quarter as strong loan growth more than offset continuing weakness in its portfolio of taxi medallion loans.

Financial institutions, at one time the central facilitators of payments, find themselves in a rapidly changing payment environment today and confronted by all the various competitive digital payment and money movement offerings that are available in the market and directed at their account holders.

More companies are using installment payments to lure consumers away from credit cards, and MasterCard is testing a model that could lure them back.

Ocwen Financial Corp. will pay $2 million to settle charges that it misstated its financial results in valuing complex mortgage assets, said the Securities and Exchange Commission.

Debt-buying giant PRA Group Inc.'s stock fell Wednesday to a 52-week low. After opening at $27.60, PRA Group dropped to $26.75. By the closing bell, the company's stock was at $27.72 a share for a loss of 0.89%.