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Opus Bank in Irvine, Calif., will cut about 10% of its workforce and cancel contracts for redundant systems and services.

David Bowie was a legend in the music industry, but his name was also a presence in financial services, where his identity was synonymous with innovation.

David Bowie was a legend in the music industry, but his name was also a presence in financial services, where his identity was synonymous with innovation.

Associated Banc-Corp in Green Bay, Wis., will increase its fourth-quarter allowance for loan losses by $13 million to compensate for potential late payments or defaults on loans in its energy portfolio.

Implementing discrete changes to a core system to compete with disruptors is merely dressing up an arsenal that really should be replaced or overhauled.

China Weighs on Banks; Bowie Bonds Remembered

Overall consumer borrowing grew from October to November but decelerated to the slowest pace since January as Americans took out fewer loans for big-ticket items such as cars and education.

Though Apple Pay is advertised primarily as a high-tech way to make payments in stores, the Apple wallet's in-app purchase volume is a significant key to its growth.

FuturePay hopes its alternative credit model can shake up in-store payments as the company plots to go beyond its e-commerce roots.

As far as digital currency has come, the passing of bitcoin for purchases is still a relatively primitive transaction.