Location Root Tag

GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.

Credit union will switch core processors in October, becoming the 21st Share One client in California.

New York Mayor Bill de Blasio and Comptroller Scott Stringer are pushing to prevent the city from hiring Wells Fargo to lead bond sales or handle other banking business until it improves its track record of lending in poor communities.

Steven Pearson will suceed Cindy Bennet, who is retiring after 18 years at the credit union.

Financial Institutions in Warsaw, N.Y., has replaced earlier plans for a typical stock sale with an at-the-market program.

Auditors performing a review of Ocwen Financial padded time sheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.

The company was set to sell a 24% stake in itself to buy two Tennessee banks but has restructured the arrangement to avoid a potential conflict cited by a regulator.

Singapore’s Oversea-Chinese Banking Corp. (OCBC) will soon expand acceptance of its person-to-person mobile payments app to local merchants.

Mario Draghi said the European Central Bank is closely watching blockchain innovation to ensure that its adoption around the euro area doesn’t fragment its payment systems.

The OCC recently gave Sterling a "satisfactory" rating and said the New York bank had addressed some concerns by the Fed that had leaked to the public and raised questions about its pending M&A deal.

Pizza Hut has played a large role in building China's middle class. It's also a major cog in Ant's investment in Yum China.

The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January.

Canada's big banks are pursuing wholesale banking, capital markets and select M&A opportunities across the border to hedge against a slowing mortgage market and other economic concerns on the home front.

Murphy Capital Management in Gladstone, N.J., focuses on high-net-worth individuals, businesses and nonprofits.

Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the competitiveness of taxis.

Anchor Bancorp in Laney, Wash., lowered its expectations in the face of impatient investors and buyers’ concerns about antitrust, credit quality and other issues.

The Arkansas company is selling more than $300 million in stock a year before its DFAST test in June 2018.

The Toronto bank said increases in deposits and loans spurred a 20% rise in profit at its U.S. retail bank from a year earlier.

Klarna, the Sweden-based online lending provider, is changing its name to Klarna Bank, part of a series of recent moves in its market underscoring the rising popularity of instant or installment financing.

His decades-long career in credit unions spans three different state leagues and was proceeded by 21 years of military service.