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EML has agreed to pay £226 million (US$290 million) to acquire Prepaid Financial Services, one of Europe’s largest e-money issuers.

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.

China wants to balance functionality with concerns about anonymity as it works toward launching a digital version of the yuan, according to an official from the People’s Bank of China.

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements.

The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices.

A group has filed paperwork with the FDIC to form Legacy Bank in Temecula.

The Pennsylvania company gained $67 million in assets under management as part of the acquisition.

The company, which plans to become Altabancorp, said the initiative removes brand confusion and puts its size and scale on display.

Singapore OCBC Bank will use Google Pay to support P2P transactions starting early in 2020, following a similar path as India, where banks have increasingly embraced Google Pay for transfers.

John Rhea has served as president and CEO of the Georgia-based institution for 11 years.

Most consumers, even those in rural communities, have become accustomed to digital services. That's something certain community banks better face up to, panelists at the ABA conference said.

The adoption of payment cards over cash varies by nation, but debit ruled nearly everywhere on the continent.

Chesterfield's proposed merger into Virginia Credit Union is expected to be completed in early 2020.

BB&T and SunTrust had to sell the branches to get Justice Department approval of their merger, a key step toward closing the deal.

The credit union retains a strong net worth position and saw a nearly 5% increase in members during the first three quarters of this year.

Scottsdale Community Bank's organizers took advantage of a state law letting them raise capital months before seeking deposit insurance.

Alibaba Group Holding Ltd. will spend $3.3 billion to raise its stake in Cainiao, in an effort to exert more control over the logistics subsidiary that underpins its sprawling e-commerce empire.

The veteran banker succeeded Randy Sims, who recently retired. Sims had been the Arkansas company's CEO since replacing Allison in 2009.

Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits.

The Honolulu-based credit union saw a nearly 7% increase in new members, thanks in part to an expanded branch presence in West Oahu.