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The number of new checking accounts at the embattled Wells Fargo fell by double digits year over year, and account closures remained brisk. Yet the figures on credit card applications were worse.
February 17
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MoneyGram has deepened its reach in Ghana’s busy remittances market with a new partnership with Accra-based Capital Bank, its fifth alliance with a major financial institution in the country.
February 17
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U.S. households increased their borrowing in the final three months of 2016 at the fastest pace in three years, according to the Federal Reserve Bank of New York.
February 17 -
West Town will pay $24.6 million in cash and stock for Sound Banking. The deal will close later this year.
February 17 -
The deal comes months after First Merchants bought a minority stake in Independent Alliance.
February 17 -
The Canadian Federation of Independent Business (CFIB) and Mastercard have reached an agreement that will reduce payment card interchange rates for members of Canada’s largest small-business organizations, bringing them on par with large merchants’ rates in the market.
February 16
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Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely.
February 16
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A dozen global transaction banks are now using the Society for Worldwide Interbank Financial Telecommunication's new global payments initiative service to improve cross-border payment delivery.
February 16
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Long Island-based CU celebrating 50th anniversary and hitting the $1 billion-asset mark this year.
February 16
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The payments technology revolution of the past few years has given consumers myriad new ways to shop across different channels. Business payments have not enjoyed the same level of attention.
February 16
