Federal Housing Administration borrowers have been refinancing faster than expected, creating a drag on efforts to build up the capital reserves of the agency's mortgage insurance fund.

Synovus Financial in Columbus, Ga., reported higher second-quarter earnings on solid growth in revenue and loans for investment properties.

Scrambling to stop hackers from making away with stolen funds, the community involved in the cryptocurrency experiment Ethereum has voted to implement a major software change that would thwart the thieves and help the blockchain regain momentum.

Comerica reported improvement in its energy-loan portfolio in the second quarter but charges related to a broad corporate restructuring took a bite out of overall profits.

CommonBond is doubling down on the education-debt market, which has been a pocket of tranquility in an otherwise volatile online lending sector.

Some banks are looking to reenter small-dollar consumer lending now that a recent CFPB proposal has given them greater regulatory clarity. But they may need help from technology companies to make a very labor-intensive business more profitable.

Sam Cook, who served in various roles at Central Trust Bank in Jefferson City, Mo., since the Truman administration, has died.

Even absent a rate hike, executives believe that the banking giant can still improve profits by hitting this expense target.

Santander is throwing another $100 million into its fintech venture investment fund, Santander InnoVentures.

The Mortgage Partnership Finance Direct program will now accept larger jumbo mortgages and a wider variety of products including hybrid adjustable rate mortgages, the Federal Home Loan Bank of Chicago and Redwood Trust said Monday.

WASHINGTON — The Federal Deposit Insurance Corp. on Wednesday will hold a meeting of its advisory committee on community banking, the agency announced.

Mortgage originations typically surge in a low-rate environment. Second-quarter reports should show an uptick in fees from selling those loans, but what will bankers say about the rest of this year?

The financial reform alternative proposed by Rep. Jeb Hensarling would allow bankers to be bankers rather than be so focused on regulatory compliance.

Valley View Bancshares in Overland Park, Kan., is planning to replace its longstanding practice of having multiple bank charters.

Banco Popular North America in New York has launched a digital-banking platform.

The fragmentation of the U.S. regulatory system and uncertainty around what agencies will regulate fintech firms could slow down innovation.

Bank of America, the second-biggest U.S. bank by assets, said second-quarter profit fell 21% as it took an accounting charge and posted a decline in wealth management revenue.

U.S. Bancorp could see a slight uptick in revenue in its payments business after the U.K.'s decision to leave the European Union, Chief Executive Richard Davis said on a conference call Friday.

The $348 million-asset bank said in a press release Friday that Cuy Mauck will also become president when Roger Kepley retires in January.

Citigroup executives were at pains to explain the benefits and challenges of a new partnership with Costco that has netted the bank millions of new credit card customers but also added to its cost burden in the second quarter.