Merchant

The $29 billion deal would enable Square to better compete with PayPal and Apple, and provide an opportunity to cross-sell other services to the Australian lender's global audience.

The bureau said two rules related to communications with debtors will go into effect as originally planned on Nov. 30. The agency had previously proposed an extension to consider consumer advocates' concerns about the regulations.

Borrowers with Paycheck Protection Program loans of up to $150,000 will be able to apply for forgiveness directly through a government portal if their lender opts in. Industry representatives welcomed the move.

Persistent coronavirus fears have accelerated consumer interest in checkout-free retail options like Amazon Go, just as new technologies like 5G make such concepts more practical to implement.

The best performers in our annual ranking of banks with $10 billion to $50 billion of assets benefited from a big lending push. But like their peers, the top 10 as a group saw their profitability slip last year compared with 2019.

Derek Ellington will replace Steve Troutner, who is stepping down for personal reasons. He will report to Mary Mack, the bank's CEO of consumer and small-business banking.

Small Business Administration lenders have reported strong quarterly results, but those gains could evaporate later this year. Here’s why.

The fintech's new checking, savings and lending package caters to clients who want to separate their corporate accounts from personal banking.

Citigroup stopped taking applications for its $495-a-year Prestige card, a competitor to American Express’s Platinum line and JPMorgan Chase’s Sapphire Reserve.

Mortgages and wealth management generated fees that gave top midtiers an edge, as the pandemic halted most lending outside of the Paycheck Protection Program.