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Banks are using pending data-sharing rules in Europe to rethink how proprietary their systems should be, but they likely have little choice in the matter.

Washington Federal has pulled its application to buy Anchor Bancorp after regulators flagged issues tied to its BSA systems and processes. The companies said they remain committed to the deal.

The company has agreed to buy Bay Bancorp for $129 million in stock.

Klarna’s instant online financing for purchases is gaining a foothold in the U.S., where the Swedish company is testing a subscription-based financing approach starting with golf clubs from TaylorMade Golf.

Meituan Dianping, China’s largest group-buying and restaurant reviews service, is said to be close to finalizing a deal to raise at least $3 billion from investors including Capital Group, according to people familiar with the matter.

The Indiana company's board knew what it wanted from a potential buyer, and that helped it as it negotiated one of this year's biggest bank deals.

Joseph MarcAurele will retire as chairman and CEO in March. The company's president and chief operating officer, Ned Handy, will take the helm.

The company, which agreed to buy Independence Bancshares, also brought in $25 million by selling common and preferred stock.

The company is looking to raise about $115 million. A portion of the proceeds would help pay for Merchants' pending purchase of Joy State Bank.

Mark Thompson had previously been a CenterState regional president overseeing the South Florida market.

The Michigan credit union's Passion Project gives employees the opportunity to connect with their community, as well.

In post-hurricane San Juan on Monday, commerce picked up ever so slightly. With a little effort, you could get the basics and sometimes more: diapers, medicine, or even a gourmet hamburger smothered in fried onions and gorgonzola cheese. But almost impossible to find was a place that accepted credit cards.

Chemical Financial and Fidelity Southern are the latest banks to curtail auto lending, blaming trends in auto sales and overheated competition.

Grand Mountain Bank raised $7 million to help it exit the crisis-era capital program.

New policies in China and Hong Kong may be a way to clear the path for those issuers that wish to launch legally compliant and responsible token sales, writes Joshua Ashley Klayman, an attorney at Morrison Foerster.

European Central Bank Vice President Vitor Constancio laughed off any concern that bitcoin might challenge his institution’s control of euro-area money.

Live Oak Bancshares is used to finding ways to make small-business loans, but its new M&A operation was formed after two bankers pitched the plan to Live Oak's management.

Alipay has entered agreements with Nordic trade and tourism institutions to further enable merchants in that region to accept payments from Chinese customers through Alipay's in-app marketing program.

Electric Energy Inc Employees CU will become part of larger credit union.

First Green Bank in Florida started researching the business after its chairman saw how medical marijuana had helped his wife cope with a severe injury. The bank is now turning a profit a year after adding its first pot-related client -- and there could be lessons there for credit unions.