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One key test of banks' latest living will submissions, the first batch of which are due Wednesday, is whether the public portions of their plan are understandable to the public. If they aren't, regulators are ready to take tough action against institutions.

Shares of the biggest U.S. banks fell after talks to provide Greece with additional bailout aid failed and stocks around the world fell.

Citigroup overtook JPMorgan Chase to become the largest derivatives dealer in the U.S. The firm's derivative contracts as measured on a notional basis were $56.6 trillion at the end of first quarter, while JPMorgan came in at $56.2 trillion.

Payment technology provider Cayan says it has become one of fewer than 20 American companies to earn Level 2 EMV certification from standards governing body EMVCo.

Demand for automobile debt in the U.S. is enabling lenders to make longer loans to people with spotty credit, stoking concern that car shoppers are being lulled into debt loads they won't be able to sustain.

The Internet of Things, blockchains and smart (not "big") data could help financial institutions fend off disruption in lending, payments and money management, according to the Spanish bank's fintech mavens.

A breakdown of M&A announcements in the financial services industry for the week ended June 27.

End-to-end wireless transactions provider Apriva has teamed up with parking payment technology provider Amana McGann to integrate EMV technology into parking systems across the United States.

Russian payments company Qiwi has hired Dmitry Danilenko as the head of its international money remittances and e-commerce division.

Several years have passed since ING's high-profile sale of its U.S. online-banking business, but it quietly remained an active player in commercial lending. Now the Dutch bank, which recently added a sixth U.S. business-lending office, hopes the energy boom will propel its growth here.