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UMB Financial Corp. is offering a Visa platinum rewards credit card that benefits nonprofit environmental organization the Surfrider Foundation. UMB donates $50 to the organization for every card activated.
Alliance Data Systems Corp. has agreed to purchase the private-label credit card program and receivables of Charming Shoppes Inc. for $140 million. Charming Shoppes operates the Lane Bryant, Catherines and Fashion Bug women's fashions stores.
Community bankers say credit unions and new fintech entrants are increasing the competition for deposits and loans, even as deregulation is lowering capital and compliance costs, according to a new survey from deposit broker IntraFi.
WomenVenture, a Minneapolis-based Community Development Financial Institution, was already under strain from stalled federal CDFI funding. The recent immigration crackdown added significant uncertainty for its customers as well.
The Spanish banking giant, which has been trying to grow its U.S. business, plans to acquire the Connecticut-based parent company of Webster Bank.
The crypto and payment fintechs both debuted on the stock market in late January with strong openings, then traded down ahead of a four-day partial government shutdown.
At a hearing Tuesday, executives at the Swiss banking giant faced tough questions from both Republicans and Democrats. The lawmakers are unhappy with the bank's recent decision to withhold certain documents from a lawyer who's overseeing research regarding Nazi accounts.
Prosecutors claim the Forbes 30 Under 30 honoree maintained two sets of books to hide Kalder's actual revenue of just $60,000.
