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Instead of expanding Alipay’s geographic reach across the U.S. and Canada, Alipay is doubling down on merchant acceptance in urban areas and tourist zones to drive more spending volume.

The deal, Walmart’s biggest ever, gives it greater access to India’s e-commerce market, which Morgan Stanley has estimated will grow to $200 billion in about a decade. But it will take some time for the business to turn profitable.

The California company ended up selling 1 million more shares than it had originally planned to offer.

A planned stock offering by the French banking giant would lower its stake in First Hawaiian to 49.9%.

Kam Wong, chief executive at the high-profile, $2.9 billion credit union that serves the NYPD, among other municipal workers, has been charged with fraud.

The deal, which still requires regulatory approval, will give Credit Union ONE about $1.4 billion in assets and 26 branch locations throughout the state.

A group led by former community bank CEO Dave Mallett hopes Ohio State Bank will open for business in Columbus by the end of the year.

Eric Itambo will become chief banking officer of CoBank, where he will oversee all lending operations.

The 29-year credit union veteran oversaw a number of big changes and milestones during his tenure, including growing assets from $48 million to $558 million.

Dawn Harris has been with the Baton Rouge, La.-based credit union since 1983.

The expansion of Visa Direct is designed to speed disbursements for health care patients who can receive an instant payment versus waiting several days to a week for payout.

Financial Institutions agreed to buy HNP Capital, a wealth management firm near Rochester.

Lorie Shannon, recruited from SunTrust, will oversee a strategy that features large, non-QM mortgages in key markets.

New York Attorney General Eric Schneiderman said he will step down as the state's highest law enforcement official, hours after a report in which four women accused him of physical violence.

The Pittsburgh bank opted to give more than half of its employees $2,000 pay hikes instead of the bonuses handed out by many rivals.

The Saver's Sweepstakes program was developed with the help of the Minnesota Credit Union Network, which runs a similar initiative.

Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.

The bank and European air carriers are hoping to cut into air fare payment fees that are as high as $8 billion per year.

Iowa lawmakers have reached a compromise on tax reform that preserves credit unions' tax status in the Hawkeye State.

The Minnesota CU is now part of a nearly $800 million-asset institution and will increase the number of products and services available to members.