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SeaComm Federal Credit Union of Massena, New York, and St. Lawrence Federal Credit Union of Ogdensburg, New York, are planning to merge by the end of the year.

The New York megabank unveiled the most complete accounting to date of its carbon footprint, and pledged to further reduce emissions from various high-emitting industries. Climate activists offered a mix of praise and concern.

The new management layer would be senior to the bank's managing directors, executives told employees at an off-site.

The move comes after several banking regulators warned financial institutions they supervise of the dangers of exposure to crypto, including volatility.

The activist investor is crying foul, claiming the Dallas-based bank harassed one of his board candidates into withdrawing and rejected the nomination of another. The bank says the candidates failed to make full disclosures.

In a letter to Federal Reserve Chair Jerome Powell, Republican members of the Senate Banking Committee urge the central bank to be mindful of tailoring rules in its ongoing "holistic" capital review.

In brief remarks about the Federal Reserve's handling of COVID-19 crises, the governor said the central bank's asset-buying program is taking longer to unwind than its emergency lending facilities.

More than 90% of appraisers are white, and researchers have found that bias leads to lower valuations for homeowners of color. A Flagstar executive said the mortgage-focused bank is "not just going to sit on the sidelines and watch this happen."

Amazon.com is closing eight cashierless Amazon Go locations in Seattle, New York and San Francisco, marking the e-commerce giant's latest round of cost-cutting amid slowing sales growth. 

A new breed of high-octane stock options has traders, analysts and others in the markets concerned.

Flagstar Bank launches its next mortgage-tech accelerator while Walmart and Citi partner on a supplier loan program. These stories and more in banking news this week.

The strategy document identifies potential avenues for cutting cybercriminals off from financing, as well as other actions banks can take.

The job cuts at Citi are driven by an industry wide slow down in deals and a drop in mortgage demand due to rising interest rates.

The measure prohibits government contracts with companies deemed to be "boycotting" the fossil fuel, firearm, timber, mining, and agriculture industries.

The National Credit Union Administration would give tentative OKs to organizers of startups so they can secure enough capital for a final approval, Vice Chairman Kyle Hauptman says. Some industry observers describe the plan as a step in the right direction, while others complain more has to be done to foster new credit unions.

A New York Fed study finds that the Community Reinvestment Act does nothing to extend credit to lower-income areas, but it's unclear whether regulators' current reform effort could change that.

Railsbank Technology may be sold of as it faces mounting financial and regulatory problems.

A new product enables consumers to initiate a transaction by typing in a merchant's web domain — even if that business doesn't have an e-commerce site. It's the web-hosting company's latest bid to provide more to small proprietors.

Nonbanks that refer to "deposits" and "APY" interest payments are drawing scrutiny from regulators, and some observers say Congress needs to clarify what nonbanks can say about their interest-bearing offerings.