Retail & Commercial

The rule, set for 2018 implementation, would force companies to record gains and losses from equity investments on their income statements. That should create volatility for 50 to 70 institutions, mostly mutuals, that have such investments.

A fintech startup is hoping that a pop-up branch approach will inspire consumers to replace check-cashing services and checking accounts with a mobile app that connects to a prepaid account.

A municipal tax collection agency in Ohio has confirmed it lost personal data for an estimated 50,000 people who filed tax forms with the agency.

Eagle Bancorp in Bethesda, Md., has hired four bankers to a develop a business line making Federal Housing Administration-insured loans for multifamily rental properties.

Opus Bank in Irvine, Calif., will cut about 10% of its workforce and cancel contracts for redundant systems and services.

David Bowie was a legend in the music industry, but his name was also a presence in financial services, where his identity was synonymous with innovation.

Associated Banc-Corp in Green Bay, Wis., will increase its fourth-quarter allowance for loan losses by $13 million to compensate for potential late payments or defaults on loans in its energy portfolio.

Implementing discrete changes to a core system to compete with disruptors is merely dressing up an arsenal that really should be replaced or overhauled.

Overall consumer borrowing grew from October to November but decelerated to the slowest pace since January as Americans took out fewer loans for big-ticket items such as cars and education.

FuturePay hopes its alternative credit model can shake up in-store payments as the company plots to go beyond its e-commerce roots.