The Latest

CHEYENNE, Wyo.—The boards of directors of Warren Federal Credit Union (WFCU) and Community Financial Credit Union (CFCU) announced that they plan to merge the two institutions.

While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

Heritage Trust’s Jim McDaniel was originally hired to help the CU convert its core system, but an abrupt change in leadership brought his non-IT skills to the fore, turning his career in a different direction.

Bank of America named Ford Motor's David Leitch as its next general counsel to replace Gary Lynch, who became vice chairman earlier this year. Ford announced last month that Leitch planned to leave after a decade at the automaker.

The forthcoming "overnight bank funding rate" should give banks and researchers a more accurate picture of funding costs, but it is not clear whether the rate is part of the Fed's effort to reform Libor.

The Treasury Department has recently solicited input on how to improve marketplace lending. Here are four ways to help improve access to credit.

The Illinois company has lined up two small acquisitions near Chicago to surpass $10 billion in assets, a mark that brings added regulatory oversight. As a result, analysts expect First Midwest to string together more deals in 2016 to increase revenue and improve efficiency.

PayPal has completed its purchase of Xoom in an $890 million stock deal, the San Jose-based online payment company announced Nov. 12.

The Financial Accounting Standards Board has postponed the release of a rule to overhaul how banks calculate loan losses.