Location Root Tag

In some ways, the moves are natural for tech startups with financial ambitions. Despite the growing success of fintech upstarts hailing from San Francisco, Wall Street institutions remain on top of the financial world.

The company will enter three counties in its home state after it buys Roselle.

PiNG Bank, which would be based in Jersey City, is being proposed by former bankers at Cross River Bank, Citigroup and Bogota Savings Bank.

The company agreed to pay $41 million for Victory Community Bank.

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

The Small Business Administration has told lawmakers it can reinvigorate its streamlined guarantee program by nearly tripling the maximum loan size. So far, Congress has been mum on the idea.

The New York-based institution has returned more than $8 million to members since 2003.

Most mainland investors can still only watch gains in Alibaba Group Holding Ltd., as China’s most valuable listed company extends increases after its Hong Kong stock exchange debut.

David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream.

Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said.

Membership was previously only available to consumers in five counties.

The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations.

The $7.6 million-asset shop is the latest postal credit union to be absorbed by a larger institution.

India’s digital payments pioneer Paytm announced new funding from existing shareholders like SoftBank Group Corp.’s Vision Fund and new investors, as competition in the country’s finance sector heats up.

The company hired two bankers from CIBC to lead the newly formed group.

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer.

Collins Community Credit Union has agreed to buy First Savanna Savings Bank.

As part of this year's Best Practices Awards, CU Journal looks at a trio of institutions that have found creative and effective ways to bring in new funding.

Merchants are embracing open banking at a high rate, creating new opportunities once consumers get on board, says Nuapay's Brian Hanrahan.

George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks.