Retail & Commercial

Ziv Biron succeeded Uri Levin, who was named CEO of Discount Bank, IDB's Israeli parent company.

On Jun. 30, 2019. Dollars in thousands.

The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.

The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years."

Europe would feel the brunt of the reductions, which would affect about 4% of the bank's global workforce.

Even with fee revenue already down, Oregon-based Providence FCU has cut its overdraft fees by half. Some analysts say the move could pay off if the economy goes south.

A combination of mutual and clashing interests has driven many players — big banks, community banks, credit unions and fintechs — to offer high-interest, digital-only savings and checking.

Many community banks are launching digital banks, more aggressively courting younger customers and abandoning the idea that only primary banking relationships are worthwhile.

While 79% of mortgages nationwide were for primary residences, 92% of credit union mortgage loans fall into that category.

FDIC Chairman Jelena McWilliams reaches out to tech pros to bring fresh ideas to the agency.