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The central bank’s dividend waiver rule has severely limited the formation of mutual holding companies.

The company says several banks and credit card issuers are interested in data sharing; rates may go even higher when corporate borrowers need to refinance.

The fact remains that the vast majority of international payments are still done via banks and through the correspondent (SWIFT) network, writes Rosie Faulkner, vice president and money laundering reporting officer at Earthport.

In alleging former CEO Alan Kaufman breached his fiduciary duties to the NYC-based credit union, NCUA is seeking penalties of $4.5 million.

Even Financial, which provides an application programming interface between banks and third parties for consumers to be matched with financial products, raised the funds from investors including Goldman Sachs.

The marketplace lender recorded an impairment charge tied to the acquisition of a specialty lending business and is still being hit with costs stemming from the scandal that toppled its previous CEO.

There’s much for banks to like — and for consumer advocates to dislike — in a report on the industry's overdraft policies released Tuesday by the Center for Responsible Lending.

JPMorgan Chase, SunTrust and PNC are pressuring outside counsel to get more women and minority lawyers to represent them in court even at the risk of alienating the big, traditional law firms that they have done business with for years.

The bureau announced the creation of the Global Financial Innovation Network for regulators to discuss joint policy work and offer a cross-border product testing process.

The mortgage giants Fannie Mae and Freddie Mac would have to draw as much as $78 billion in the event of a serious economic crisis, according to stress test results released Tuesday by the housing regulator.

The biggest impact may be to focus the administration’s efforts on selecting a nominee to succeed Director Mel Watt, whose term ends in January.

Shoppers using the retailer’s namesake and Hollister apps will be able to select the popular payment platform as an option when checking out

The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced.

UniCredit SpA stopped using Facebook Inc. for advertising, alleging the media giant hasn’t acted ethically, a move other large companies have also threatened to make.

The agency’s decision to offer special-purpose charters for fintech companies raises questions about how those institutions will be overseen and the risks they could pose to the system.

But data privacy is likely to deter banks from partnering with the social media company; the online listings company wants to "reshape" the market.

Zillow claims 35 million renters visit its websites and mobile apps each month in search of a home or apartment. This network of landlords and renters has been built off the back of listing property values, real estate sales, taxes paid, photos and more for homes, condos and apartments.

The bank's predicament suggests that the Trump administration's hard-line stance on immigration can cause headaches for financial institutions.

The unnamed customer, who was on a list of suspects involved with weapons of mass destruction, used an HSBC credit card to make 12 payments in the second quarter, the company told shareholders Monday.

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.