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The payment is likely to bring an end to the saga of the failed corporate credit unions, which began nearly a decade ago.

Declines in corporate banking and energy loans were part of the reason loan growth was light, but the Dallas bank reported strong earnings thanks heavily to fatter margins.

Though Costco is no longer called out in the New York issuer's earnings calls, the loss of that business added fuel to a change within the company that is showing results.

CUNA and NAFCU have asked the bureau to stop publishing consumer complaints and allow NCUA to handle that process for credit unions.

A federal appeals court in Texas agreed with Fannie Mae and Freddie Mac shareholders that the FHFA, led by a single director, violates the separation of powers.

After he takes over as CEO Oct. 1, Solomon has some key executive appointments to make, and observers will keep a close eye on the resources he devotes to help the bank accomplish its target of $5 billion in new revenue opportunities by 2020.

David Solomon is officially named as Blankfein’s successor; the British bank is under pressure from an activist shareholder to boost its stock price.

Amazon Prime Day is a marketing "holiday" that aims to expand Amazon Prime membership, a $119 subscription that's a major part of Amazon's marketing strategy at its core site and Whole Foods.

Barclays, Morgan Stanley, True Positive and other firms are turning to the technology for simulations and problems that demand large quantities of computing power.

The chairman of the Federal Reserve is testifying before Congress this week, where he will likely face tough questions about the agency’s decision to let two banks slide on their exams late last month.

Bank of America’s consumer loans grew a lot. But its rivals? Not so much. The mixed results raise questions about whether BofA’s performance is a leading or trailing indicator, and if credit quality is going to be more of a problem industrywide.

As Amazon Prime Day kicks off, credit unions are looking for ways to entice members to use the CU's card for purchases.

Citigroup is using tracking and transparency to push back against rivals that paint traditional bank-powered international payments as a costly, time-consuming relic.

The Bank Policy Institute was formed following the merger of The Clearing House Association and the Financial Services Roundtable.

Worldpay and Mastercard have formed a global strategic partnership, expanding the ways consumers and merchants connect for online and in-app payments via Mastercard’s Vocalink business.

On the surface, the Uber-Venmo partnership sounds like a coup for Venmo, getting its brand into the app that defined the ride-sharing category. But the partnership is a much bigger deal for Uber.

Loans in that business climbed 6.6% compared with a year earlier as Bank of America's overall profits rose by 33%.

Succession plan could be formalized this week; bankers may be getting nervous about extending construction loans.

The struggling Frankfurt-based bank expects to report net income of $468 million when it issues second-quarter results nine days from now, but it's unclear exactly where the earnings beat is coming from and whether the performance is sustainable.

Bank of America has agreed to pay a multimillion-dollar sum to settle a defamation claim brought by former executive Omeed Malik, who was fired by the bank earlier this year, according to a person familiar with the matter.