The deal, approved by a federal judge on Friday, resolves claims alleging that former CEO Tim Sloan and other bank executives made misleading statements to investors, the media and Congress.

Merrimack Valley Credit Union is launching a disaster relief loan, William Daley will retire from Wells Fargo, New York Community Bancorp promotes Signorille-Browne to COO and more in the weekly banking news roundup.

Ashton Ryan Jr. was convicted on dozens of fraud and conspiracy charges connected to the 2017 failure of the New Orleans bank he founded.

Regulators and the public are still concerned about the condition of the banking system. Bankers can't afford to look away.

After a steep sell-off early in 2023, the sector has recovered ground in summer trading as recession worries ease. But investors remain wary because loan demand is light, deposit costs are high, and net interest margins are under pressure.

Artificial intelligence is on the cusp of solving some of the most chronic problems facing bank managers. They need to embrace it.

The New York-based company announced the launch of a health care lending unit after capitalizing on recent bank failures to add seven deposit-focused banking groups this spring and summer.

As the Latino population in the U.S. expands, so does the business case for banks and credit unions that want to tailor services for this audience.

Employees across the financial services industry are organizing in the hopes of obtaining better wages and other workplace improvements.