Organization Root Tag

The largest banks announced plans to distribute capital back to shareholders after the Fed gave passing grades to everyone following this year’s CCAR stress tests.

Out of the ashes of the fake-accounts fiasco, heads of business lines became more open to change, an executive at the bank’s innovation group said Wednesday.

The brief supporting field of membership expansion — in the face of a lawsuit by the American Bankers Association — is a sign of continued collaboration between CUNA and NAFCU.

All 34 banks passed the Fed’s CCAR stress test, fueling industry calls to dial back the intensity of the stress tests. But many of the changes have already been internalized by banks.

The Main Street GSE Reform Coalition offered three principles: creating a capital buffer for Fannie and Freddie, continuing with reforms by their regulator and ending the conservatorship that began in 2008.

The bill would help financial institutions with customer due diligence and identifying corporate beneficial ownership of business customers.

At CUNA's America's Credit Union Conference, a look at how credit unions can better capture the hearts and minds of consumers, while also beating back innacurate myths about the movement.

LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.

Not content to have Amazon and Walmart steal all the thunder, Target has begun a pilot of a grocery delivery service called “Restock,” with terms that are designed specifically to make its rivals look slower and more expensive.

At CUNA’s America’s Credit Union Conference, two experts shared strategies on how CUs can grow – including strategies to better connect with disengaged members.

Chinese tourists visiting Spain will be able to shop at Spanish stores using their Alipay mobile wallets through an agreement between BBVA Group and Ant Financial Services, the Alibaba affiliate that operates Alipay.

For years, Amazon.com Inc. was the go-to place for online merchants. Increasingly, however, the e-commerce behemoth has competition for the hearts and minds of millions of mom and pops.

Alibaba Group Holding Ltd. will invest another $1 billion to raise its stake in online mall Lazada Group SA to 83 percent, securing control of a fast-growing startup at the vanguard of its Southeast Asian expansion.

Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.

Another goal of the integration is to encourage more small businesses to convert from paper to electronic payments.

Fed chair says post-crisis rules have made financial system safer and shouldn’t be rolled back; Atlanta bank rolls out internal program to other corporations.

Visa said its investment in Klarna will advance online and mobile commerce across Europe, but there are broader implications for other markets and consumer groups.

Wells Fargo aside, the industry overall should be pleased with the results of our annual survey of bank reputations. One key insight: Displaying strong ethics is an effective way to improve what people think of your bank.

Michael Cleary, Santander's head of consumer and business banking, and Robert Rubino, a former executive vice president at Citizens Financial Group, will share duties while overseeing their own business units.

J. Mark McWatters, now the 10^th NCUA chairman, was named acting NCUA chairman following President Trump’s inauguration.