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China's central bank on Friday proposed a series of restrictions that may restrict overall e-commerce activity rather than simply funnel it through the state-controlled banking system.

A high percentage of loans to oil and gas firms are large and syndicated. As a result, more shared loans are becoming problematic for participating lenders.

Battery Ventures, a tech-focused investment firm, has agreed to acquire Physical Security Business Unit, part of the security division of Nice Systems, a vendor that focuses primarily on the financial services industry.

Summit Credit Union of Madison, Wisconsin announced that it has completed its merger with Educational Employees Credit Union (EECU) of Janesville, Wis.

CIT Group's purchase of OneWest Bank should spur more lenders with less than $100 billion in assets to consider acquisitions, Chief Executive Officer John Thain said.

E-commerce payment service provider Payfort has begun offering its merchant clients in Arab countries support for monthly payment plans.

Regions Financial in Birmingham, Ala., has acquired A.I. Group, an employee-benefits and insurance company in Alpharetta, Ga.

The CFPB's long-term reputation — and perhaps Dodd-Frank's overall success — may well be judged on whether the bureau moves beyond areas where it was specifically instructed to take action and exercises broader authority granted to it by Congress.

Promontory Financial vowed to take the New York Department of Financial Services to court after it effectively banned the consulting firm from working on regulatory issues for banks the department supervises.

Millennials are beginning to take on more auto and student loans but are lagging in their use of credit cards and are slower to build some types of credit compared to Generation X and Baby Boomers, a report from Experian reveals.