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The company has added six new markets in Europe, where it has already established a beachhead for its e-commerce technology.

The central bank said the legal change would allow it to fully exercise the powers laid out in a clearing proposal from the European Commission.

CIBC plans to spend two years focusing on internal growth at PrivateBank except for some targeted wealth management acquisitions, but ultimately capital outlays or takeovers will be necessary to meet its growth ambitions.

Regulators cited "unsafe and unsound" practices at the credit union, which has assets of more than $76 million and turned a small profit in each of the last two years.

The billionaire investor agreed to buy shares at a deep discount and provide a fresh credit line for the Canadian mortgage company, tapping a formula he used to prop up lenders from Goldman Sachs to Bank of America.

The $23 million-asset credit union has also extended an existing partnerhsip with Fiserv for credit and debit processing, and more.

The Virginia company told investors that Morgan Davis, its president, will soon succeed founding CEO Robert Aston, who is retiring.

The $1.5 million investment will help Grameen America make more small-dollar loans in the Midwest.

A new partnership with Chicago-based fintech SpringFour aims to help financially struggling New York credit union members better connect to resources that can help them.

Royal Bank of Canada, the country’s second-largest lender by assets, is cutting about 450 positions, mostly at its headquarters.

Chemical Financial was caught off guard by CEO David Ramaker's decision to retire. Fortunately, Chemical had retained Talmer Bancorp CEO David Provost after buying his bank a year earlier.

The Dallas-based credit union celebrated its 50th anniversary with a core conversion -- the vendor's 50th such project.

Portable digital identities could improve customer experience, cut costs and generate revenue for banks. But who’s on the hook when something goes wrong?

David Provost will succeed David Ramaker as the Michigan company's CEO. Provost ran Talmer Bancorp, which Chemical bought last year.

Oil prices are dropping again, but some lenders think now is the time to recommit to energy lending as long as they underwrite them a certain way for certain borrowers in certain regions.

Byline Bancorp's decision to go public sends a message that it plans to dangle a more liquid stock in front of potential sellers. It also provides a way for certain shareholders to cash out.

Current EVP Martin Bradley will take the helm on Sept. 1.

With interest in these cross-industry deals growing, the CU credited with the first whole-bank acquisition is launching a CUSO to facilitate the process.

India’s largest digital-payments company, Paytm, is seeking a license to set up a money market fund where users can store cash and earn interest, in competition with the country’s banks, according to a person familiar with the matter.

Hike Messenger has become the latest to join India’s already busy digital-payments segment.