The Latest

Business went on as usual at commercial banks as the New York Stock Exchange and other large businesses suffered outages. But the confluence of events served as an unnerving reminder of the cyber risks facing the industry.

Greg Carmichael, a former IT executive, has been tapped to lead Fifth Third Bancorp, a move showing the growing importance of technology in banks' operations. He'll have to find new ways to grow revenue as he succeeds Kevin Kabat, under whom profitability has sagged recently.

BALTIMORE — MECU of Baltimore has put $1.5 million back into members accounts in the form of loan interest rebates and dividend returns.

JPMorgan Chase is looking to lower its overhead by shifting more than 2,100 jobs from New York City to New Jersey.

As technological problems forced the New York Stock Exchange to grind to a halt Wednesday, financial services insiders and observers weighed in on the vulnerabilities of increasingly electronic financial systems.

Central Minnesota CU's chief executive on why he’s happy NAFCU is opening membership to all federally insured, state-chartered credit unions.

A bipartisan group of lawmakers has reintroduced a bill reviving provisions of the Depression-era law that separated commercial banking from riskier financial activity.

ACI Worldwide has added three board members with pervasive experience in financial services, following the retirement of other board members.

As Treasury Secretary Jacob Lew defended the legacy of the 2010 reform law, in another part of the capital a banker and Republican lawmakers pleaded for legislative changes.

Several large banks, including Citi and Bank of America, have begun sharing proprietary code with fintech startups and others. The new level of openness brings benefit to both sides.