Western Union Co. is offering an online system that enables consumers to send Visa-branded gift cards by mail.
Consumers can personalize the Western Union Gift and Greeting Card, announced Monday, with messages of up to 160 characters, and can choose from 50 different card designs.
The cards are available in values ranging from $5 to $100, and senders must pay $5 to purchase them. Western Union charges a $2.50 monthly fee after 12 consecutive months of nonuse.
After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
