Retail & Commercial

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

As N26 schedules its launch for midyear, it will face off against other startups and mobile-only spinoffs from incumbent financial institutions.

Lining up leadership and securing staff support are important building blocks for banks eager to become more tech savvy.

On Dec. 31, 2018. Dollars in thousands, except for average loan amount.

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value.

On Dec. 31, 2018. Dollars in thousands.

Current rules developed in the early 1990s were driven more by politics than facts.

On Sep. 30, 2018. Dollars in thousands.

Credit unions in Arkansas and Florida argue that allowing the industry to take deposits from cities and other public entities would help with funding and control for risk.

By learning from the struggles that resulted from Wells Fargo’s outages, the rest of the financial world can improve its own disaster recovery plans, writes Todd Matters, chief architect and co-founder of RackWare.