The Latest

ORLANDO — Core system conversion management company Next Step is celebrating 20 years of service to the credit union industry.

Fifth Third Bancorp revised downward its first-quarter profit by 6%, or 2 cents per share, after the Cincinnati company booked a $30 million impairment on aircraft leases.

Rumors of an alliance between China's e-commerce powerhouse Alibaba and Cupertino, Calif.-based technology giant Apple are heating up again — and are coming from a very high-placed source.

First Bank in Hamilton, N.J., has opened its first office in Pennsylvania.

Federal and state regulators said that mobile telephone carriers Verizon Wireless and Sprint have agreed to settle allegations that they bilked consumers out of millions by allowing third parties to "cram" unauthorized charges onto their customers' bills.

Many lenders shy away from adjusting monthly payments based on struggling borrowers' income for fear of losing too much money, but the Education Department's expansion of such plans for student loans and new data-crunching products have reframed the longtime discussion.

Voice biometrics, fingerprint recognition, device ID and behavioral analytics are at long last becoming accurate and convenient enough for prime time.

Triumph Bancshares in Memphis says it has been mistakenly contacted by customers of Triumph Bancorp in Dallas, and has concluded that the Triumph moniker isn't big enough for both institutions. It's hoping a lawsuit will force the Texas bank to change its name.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg, discussing progress in establishing big-bank resolution regimes, said the Federal Reserve is developing a rule "to codify" the swaps protocol involving termination rights.