Retail & Commercial

The company continued to reduce its exposure to energy loans during the fourth quarter.

Spark ATM expects the deal will help expand services offered to local banks and retailers in South Africa and other markets in the region.

The acquisition should allow the San Francisco-based online lender SoFi to fulfill a long-standing goal: offering a deposit account to its young, upwardly mobile customers.

So-called branch experts may recommend aggressive sales techniques, but the most successful sales teams talk the least about the bank’s products and services.

Gary Armstrong, former Richmond, Va., market president for Park Sterling, will have a similar role at Bay Banks.

The newly installed chairman of the Federal Communications Commission voted against 2015 rules that largely rejected the banking industry's entreaties.

The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses.

If President Trump takes a stand against large banks and in support of smaller banks, he would be following the legacy of the nation’s seventh president.

The Livingston, N.J., company took a big hit in the fourth quarter as it continued to divest certain business lines and restructure its operations.

The Pasadena, Calif.-based prepaid card issuer expects to gain 750,000 active new cardholders in the deal.