Fintech

The company agreed to pay $169 million for First Evanston Bancorp in Illinois.

Tennessee-based CU has returned $71.5 million over the last 13 years.

Ancora Advisors has a history of pressing banks and thrifts to find buyers.

Transit agencies worldwide are attempting to eradicate cash and the bottlenecks that it causes from situations where customer throughput is paramount. But is this effort truly viable given the entrenched payment behaviors and requirements for serving everyone, even digital naysayers?

Norwegian banks have been keenly aware of — and concerned about — the prospect of mobile wallets developed in Silicon Valley affecting their own services. So much so that a group of banks has begun preparing to merge their payments systems into one platform and have it up and running by next August.

The main spark for Azimo’s transaction growth in far-flung geographic regions came from its commitment to social media beginning four years ago.

Federal Reserve chair Janet Yellen said interest on bank reserves should remain the central bank’s primary monetary policy tool.

A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.

Hoping to streamline the payment options across Europe, the European Payments Council has launched the SEPA Instant Credit Transfer scheme.

The Louisville, Ky.-based credit union distributed faux leather wallets stuffed with $2 bills as part of an awareness campaign tied to International Credit Union Day.