-
Webster Financial in Waterbury, Conn., reported a higher third-quarter profit on growth in deposit and loan fees related to its acquisition of health savings accounts.
October 16 -
Starbucks and Square, once the hottest couple of the payments world, are splitting up. But their relationship was never perfect; signs of trouble were obvious from the very start.
October 16 - Texas
Comerica in Dallas reported lower third-quarter profit that reflected higher expenses. The $71 billion-asset company said in a press release Friday that its net income fell 12% from a year earlier, to $134 million, or 74 cents a share.
October 16 -
No wonder Jack Dorsey wants to keep running Square. Dorsey, the payment company's chief executive officer who also just took on the same role at Twitter, is the largest shareholder in Square by a wide margin, with 24.4 percent. The investment firm Khosla Ventures is the second-largest with 17.3 percent, according to Square's registration for an initial public offering filed Oct. 14.
October 16 -
While Sony Corp. is scaling back its global smartphone ambitions, the company still wants to contend with Apple Inc. and Samsung Electronics Co. on mobile payments in Asia. Its method for getting there is public transportation.
October 16 -
Bank of America's Cathy Bessant contends banks are fintech companies; Citi's Heather Cox says no way are startups ever going to be the 'Uber of banking;' and is Elizabeth Warren a tyrant? Also, don't miss our coverage of the celebration for the Most Powerful Women in Banking and Finance. Maybe someone you know is in the photos.
October 16
- Tennessee
First Horizon National Corp. reported a sharp increase in its third-quarter profit as an increase in average loans, lower overhead and a decrease in income tax payments helped to offset a 9% decline in total revenue.
October 16 -
Sound growth plans, not quirks of geography, define this years class of community bank all-stars.
October 16 -
EMV card technology has fully replaced traditional magnetic stripe cards in virtually all developed countries except the U.S. In these markets, it's proven to be an effective technology to reduce fraud for card-present transactions, forcing fraudsters to migrate to areas that have not adopted a chip-based payment system.
October 16
-
NCUAs decision to adopt RBC despite clear signs Congress doesnt favor the measure could mean political fallout for the agency down the road.
October 16
Credit Union Journal



