The Latest

In a letter to nine lenders, New York Attorney General Eric Schneiderman said investigators uncovered identity-theft schemes hatched by tellers at some of the biggest institutions.

The Basel Committee on Banking Supervision issued a proposal Monday laying out two options to deal with the growing potential threat from interest rate risk in the banking sector, with one entailing new minimum capital requirements and the other establishing strong supervisory benchmarks.

Choice Financial Holdings in Fargo, N.D., has agreed to purchase Northland Financial in Steele, N.D.

As October’s EMV liability shift quickly approaches, payments industry stakeholders are not just preparing for the considerable transition to chip card usage in the U.S. – they’re also laying the foundation for the future of payments, including mobile and other emerging payment technologies.

The Smart Card Alliance’s Payments Summit is bringing together payments professionals to discuss strategies that technology providers and financial institutions are taking to improve payment cards, while focusing on how to better protect merchant and consumer data.

A breakdown of M&A announcements in the financial services industry for the week ended June 6.

Community Investment Corp. has raised $200 million from about three-dozen banks to acquire and rehabilitate thousands of affordable rental-housing units in the Chicago area.

The Louisiana Real Estate Appraisers Board said Coester Appraisal Management Group did not violate state law for failing to pay appraisers "customary and reasonable" fees, and that its executive director "misspoke" about a stipulation and order with the AMC.

Several weighty issues remain on the agenda for policymakers over the next few months, including everything from living wills to regulatory relief to a long-lost compensation rule.

Boston Private Financial Holdings has given its president, Mark Thompson, the additional title of chief executive for its Boston Private Wealth division.