Americas

Ant Financial, the Chinese payments company that operates Alipay, has a scale that’s almost unimaginable to a U.S. audience. But the giant's ability to build a true empire has already run into regulatory trouble in the U.S.—and it’s affecting Ant's strategy worldwide.

Wymar Federal Credit Union in Louisiana has also distributed a bonus to members.

Battle lines are hardening in the fight against stores that eschew cash, as New York City’s Committee on Consumer Affairs plans to hear arguments Thursday on a proposal to ban cashless stores like Amazon Go.

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

A MAPS Credit Union executive told the House Financial Services Committee her institution is proof credit unions and banks can safely serve the legal weed space.

The New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate.

Stephanie Sievers, who already has experience running two small credit unions, will take over at the $35 million-asset CU.

Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

The Lee's Summit, Mo.-based institution has paid out $350,000 over the last five years to members.

It’s unusual for a seemingly healthy company’s website to implore its U.S. customers to seek out a competitor with less than a month's notice, but cross-border payment processor WorldFirst has done just that.