Retail & Commercial

If impending rules on overdraft protection go too far, banks could intentionally pull back on providing the service to illustrate just how useful it is.

CommonBond, a New York firm that makes student loans through an online platform, said Tuesday that it has raised more than $275 million in debt funding from Barclays and others.

A lot of bank boards have a big knowledge gap when it comes to technology. A recent Accenture study found that, of 109 large banks globally, more than 40% did not have a single board member with a technology background. And the situation is even more worrisome at small banks.

The Sarbanes-Oxley Act of 2002 is important, but it barely scratches the surface of former House Financial Services Committee Chairman Michael Oxley's impact on banking.

The blockchain could move from testing to reality, APIs are likely to expand, and more functions will move to the cloud as banks look for ways to fend off fintechs in 2016.

Bank consolidation turned a corner last year as more large banks became comfortable returning to M&A. A panel of investment bankers believes that trend will continue in the coming year.

AmeriServ Financial in Johnstown, Pa., and Provident Bancorp in Amesbury, Mass., are the latest community banks to announce plans to exit the Small Business Lending Fund.

A large investor in Old Point Financial is looking to gain a seat on the Hampton, Va., company’s board.

Credit Bureau Systems Inc. has acquired the business of Fidelis EMS Billing LLC for undisclosed financial terms.

Itaú Unibanco Holding SA, Brazil's largest bank by market value, will pay approximately $305 million for a stake in a debt collection company and a pool of non-performing loans.