Americas

Wintrust Financial (WTFC) of Rosemont, Ill., is planning to raise capital by issuing subordinated debt.

LOS ANGELES — Moneyworks, a startup that's preparing to roll out its personal financial management app, took home the $10,000 prize in a financial innovation contest Friday.

OMAHA, Neb. — Centris FCU here, and Direct FCU, Needham, Mass., both looked within their own ranks to find their new chief executives.

Shareholders at New York Community Bancorp (NYCB) have rejected the company's compensation packages for top executives.

When Bank of America (BAC) announced a new deposit account with a reliable $4.95 monthly fee, some industry observers questioned whether the Charlotte, N.C., company could squeeze out a profit.

Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices … and, oh yes, begging investors for a few more years of patience.

Union Bank in San Francisco has added five new directors, including a former bank regulator, as part of a series of changes to its corporate names and structure.

SCHAUMBERG, Ill. — The reduction in mortgage demand has some credit unions reaching down to slightly lower credit scores.

The $9.7 billion-asset company said in a regulatory filing Wednesday that it could sell the stock from time to time through Credit Suisse Securities.

What lays ahead in the ever-changing payments marketplace? Credit Union Journal asked some industry experts and here's what they said.