The Latest

The American Bankers Association announced that Rob Nichols, head of the Financial Services Forum and a former top Treasury Department official, would be its next CEO. The move appears designed to boost the ABA's profile inside the beltway.

In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use its Loan Prospector automated underwriting system.

According to new stats released from The Payments Council in the U.K., consumers and businesses in the U.K.—for the first time—are making more non-cash payments than cash ones.

Independence Bancshares in Greenville, S.C., has raised nearly $8.5 million to help it expand its payments, technology and digital banking operations.

New Dimensions CU honors police officers, New England FCU donates over $27,000 to local children's hospital and more news from credit unions across the nation.

Royal Bank of Scotland, Britain's largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities, according to Bloomberg Intelligence.

The banking giant hopes that convenience — and less paperwork — will help it do more business with existing small business customers.

Women in banking are making big strides — but there's still a long way to go before achieving gender parity at the executive level. Here's how up-and-comers can carve out a path to the top.