Merchant

The Oakland company has hired Colleen Atkinson, a former manager at HSBC, to oversee its new professional banking business line.

The Illinois commercial bank gained a new role when it realized it shared the same digital transformation challenges as its customers.

Banc of California in Santa Ana will cut roughly 9% of its workforce as it looks to trim $15 million in expenses.

It usually costs small businesses a lot of time and money to calculate their own value. TD Bank is offering them a free digital tool that performs the task quickly.

Sponsoring so-called pitch competitions helps lenders gain Community Reinvestment Act credit and gather deposits.

The Cincinnati company sold 5 million shares in the payment processor, as it continues to scale back its ownership stake.

Visa Inc. and Mastercard Inc. are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to a person familiar with the agreement.

Eight states want the credit bureau to show what it’s doing to improve data security; Goldman, Morgan Stanley and Wells Fargo will be the focus of this set.

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks.