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MasterCard has raised two executives within its Asian operations, following a change to its approach to operating in the region.

Stacey Friedman will become the general counsel of JPMorgan Chase early next year, and Steve Cutler will be its vice chairman, the company announced Monday.

LANSING, Mich. — Martin Carter is set to take on the role of president and CEO at Astera CU here, taking over for interim CEO Steve Winninger.

Financial services institutions are subject to cybersecurity incidents 300% more frequently than all other industries, according to a recent report.

Community banks that try to serve too broad an array of customers will wind up losing out to larger competitors. They would do better to focus on one or two customer segments and familiarize themselves with those groups' specific habits and needs.

Yadkin Financial in Elkin, N.C., will pay its former leader $2.2 million over the next year as part of an ongoing management transition.

Greek Vote Fallout; Do Big Fines Breed Better Bank Cultures?

At this year's EMERGE Forum in Austin, Texas, the Financial Solutions Lab — a $30 million, five-year initiative managed by the Center for Financial Services innovation with founding partner JPMorgan Chase — revealed the winners of a recent competition for apps that tackle consumers' cash flow challenges. The nine winning organizations, chosen from 298 applicants and 14 finalists, received a combined $3 million, along with mentorship, networking, peer learning and national partnership opportunities. The following is a look at their solutions to the problems of the working poor and others ill-served by traditional financial products.

In a report on the need for financial regulators to improve their data security efforts, the U.S. Government Accountability Office called for NCUA to have the authority to examine credit unions' third-party technology providers.

The members of Port of Seattle Federal Credit Union approved a proposed merger with Sound Credit Union, the two CUs announced Thursday.