Subject Root Tag

Scams and fraud on real-time payment platforms are well documented. To solve the problem regulators, lawmakers and the public must acknowledge the inherent risks that come with a powerful new technology and develop rules to make it safer.

More than half of bank corporate development professionals surveyed by McKinsey predicted that the next 18 to 24 months will offer better opportunities to create value through acquisitions than the past two years have. Economic uncertainty may provide opportunities for buyers to make deals at discounted prices.

Thieves have increasingly used solid explosive to blow open cash machines rather than gas.

Arbor Bank in Nebraska will customize CD rates and maturities for customers and even show them other options from competitors.

Investment banking fees at Citigroup plummeted 64% in the third quarter, the company said last month.

UBS Group's Frankfurt and Munich offices are being searched by prosecutors as part of a money laundering investigation linked to the sanctioned Russian oligarch Alisher Usmanov, people familiar with the probe said. 

USAlliance Federal Credit Union in Rye, New York, has agreed to merge with Marriott Employees' Federal Credit Union in Bethesda, Maryland, to create a nearly $3 billion-asset organization.

U.S. credit card balances surged to a record in the third quarter as banks bet that consumers with less-than-stellar credit will be able to handle more debt. 

Atlanticus is testing a debit card that converts to a credit card within three months if customers demonstrate financial responsibility.

JPMorgan Chase agreed to settle a dispute with a London trader it fired during a spoofing probe and then refused to rehire after a judge said the investment bank had to give him his job back.

Bank loans to private equity, mortgage companies as well as other lightly regulated — and increasingly volatile — industries have soared in recent years. The central bank says it needs to know how leveraged those borrowers are and how much risk they pose to the banking system.

Average deposits at the Northern California bank are expected to decline again in the fourth quarter as startups' spending outpaces the venture capital investments they raise. CEO Greg Becker acknowledged the near-term headwinds but said the bank's fundamentals remain solid.

Both sides in the litigation over 2012 Federal Housing Finance Agency amendments to stock purchase agreements say they're weighing their options.

The Dallas company says it could repurchase as much as 8% of its common stock and still have the wherewithal to pursue an acquisition — all in an effort to strengthen its value in the eyes of investors.

It came as a surprise to many housing experts that Asian, Black and Hispanic homeownership rates all jumped last year by more than 2 percentage points, according to quarterly Census Bureau data.

Under Donna Bland's leadership, Golden 1 Credit Union has grown to more than 1 million members and is now the sixth-largest credit union in the U.S. by assets.

Renée Sattiewhite has played a key role in the African American Credit Union Coalition for more than 20 years. "For me, if credit unions do not embrace DEI, they will die," she said.