The Latest

California Bank & Trust in San Diego has given its chief financial officer the additional titles of president and chief operating officer.

Wirecard's Indonesian arm has partnered with local financial technology firms to integrate a Near Field Communication-powered mobile wallet, TCASH, into its global network.

The $2.5 billion-asset company will freeze pension benefits for the 10% of its workforce that still receive a pension.

First National Bank of Orwell in Vermont has named Bryan Young chief executive. Young, 38, will succeed his father, Mark Young, as CEO of the $56.1 million-asset bank beginning Jan. 1.

Hiway Federal Credit Union in S.t Paul, Minn., has renewed its partnership with the National Hockey League’s Minnesota Wild to be the team’s credit union sponsor.

KeyCorp is partnering with fintech firms to offer innovative payments products to its commercial clients, as interest in payments technology begins to spill over from retail into commercial.

Over 20 mortgage and real estate-related trade groups are urging Congress to provide a hold harmless period till Feb. 1 for any errors regarding implementation of the integrated Respa-TILA mortgage disclosures.

The Federal Reserve on Friday issued a final rule laying out how its regulatory capital rules would apply to banks with nontraditional institutional investors – such as limited liability corporations or partnerships – that hold controlling interests.

Banks face a growing risk of complacency given years of improved credit quality. They should periodically evaluate the status of loans and underlying collateral to make sure they proactively manage risk.

The Consumer Financial Protection Bureau announced Thursday that it had hit Clarity Services, a Florida-based consumer credit reporting company, with an $8 million fine over Fair Credit Reporting Act violations.