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The open banking model is not very different from what Amazon brought about in retail. Banks have little choice but to embrace the concept, according to Nick Frankland, managing director of fintech at Legal and General.

Beacon Community Bank, which opened in January, raised $34 million through a private placement.

State Bank popped up on the Houston company’s radar eight years ago, but management waited until now to strike.

Money launderers seem to be ramping up their use of a favorite strategy to clean their illegal funds — paying a small fee to a bank account holder to simply receive and send money transfers. And these so-called money mules are starting young.

Even with the world’s best known virtual currency down more than 50 percent from its record high, thousands of advocates are expected to descend upon New York in what’s been dubbed Blockchain Week.

Each year, 50,000 small and medium-sized businesses in the U.K. are forced under due to late payments. This is the net result of a culture where many large companies regularly make their suppliers wait far beyond agreed terms, before processing payment.

The Renton, Wash., company, which has acquired or opened nine branches since 2015, has filed a shelf registration to raise the funds through the sale of various securities.

The Houston company had been an interested, but selective, acquirer before announcing this year's biggest bank deal.

What was unusual about CEO Kam Wong's alleged fraud wasn't that it happened but that it happened at such a large credit union.

It's a race to the finish line that also affects U.S. companies with European customers. In these final moments, every company must at least show good faith in attempting to follow the law and having procedures and technology in place to do so.

The investment bank agreed to buy Business Bancshares in St. Louis.

Capitol Federal Financial has mostly relied on mortgages throughout its history. Its acquisition of a commercial lender will change that.

Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according to people familiar with the matter.

The San Diego-based credit union’s member base increases 10.5 percent in the first quarter, with total assets up to $8.4 billion.

Europe's PSD2 data-sharing standards are meant to foster cooperation in the market, but banks are getting more competitive as they seek to plug a revenue drain the new rules threaten.

As part of the deal, the the $275 million credit union has agreed to continue operating them as part of the shared branching firm's network.

Citizens Financial Group plans to merge its two banking charters into a single national bank. The move would make the OCC the bank's primary regulator and eliminate the costs of dealing with the FDIC and state officials.

The North Carolina-based credit union has partnered with two local soccer teams and a minor league baseball club, along with a realty corporation that runs an outdoor entertainment venue.

Security is a top priority for financial institutions around the world. In the past few weeks, the U.K.’s TSB Bank has learned the hard way that availability is even more important. And when availability is an issue, security can’t be ignored.

Rebeca Romero Rainey, who has been on the job for less than a week, has already slammed postal banking and pressed for more regulatory relief. In a Q&A, she discusses her plans to foster innovation, tackle succession issues and encourage more banks to stay independent.