The Latest

Swift, the global financial messaging provider, is unlikely to bid for control of the U.S. real-time payments systems. But there will be other countries needing aid with the development of faster payment technology.

To address integration concerns for retailers, Bindo is connecting its iPad-based point of sale software to Powa Technologies' hardware for clients in the U.S. and Asia.

Millions of dollars spent on software upgrades are worth the hit to short-term profits, executives at the Buffalo bank said, because it will be able to run deeper credit profiles of borrowers.

As horrifying cyberattack scenarios grow more plausible, an American Bankers Association simulation of a hypothetical breach at a $10 billion-asset bank is designed to guide institutions through a set of crisis response steps.

BankUnited in Miami Lakes, Fla., reported lower quarterly profit as its noninterest expenses rose.

Low interest rates may be pressuring margins, but they provided a lift to community banks that sell mortgage originations. Bankers are now debating how long the current refi boom will last.

Prosperity Bancshares in Houston hit analysts' earnings forecasts despite a linked-quarter decline in loans and profit.

Raleigh, N.C. — State Employees CU's foundation has teamed up with local universities to roll out a pilot paid internship program that could eventually be expanded statewide.

In China, a new report from PwC, indicates banks are dealing with a surge in bad loans as a result of slowing economic growth.

Debt-buying giant PRA Group Inc., which purchases consumer debt from banks and other creditors, has named Deborah Cassidy as its chief information officer.