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Citigroup hired Ken Blanco, the director of the Financial Crimes Enforcement Network, as chief compliance officer of its newly created financial crimes unit.

Bank of America acquired the health care technology company Axia Technologies as the financial giant continues to build out its products for helping merchants take payments.

The credit union service organization's newest chief executive took the helm April 1 and a new name for the company will debut in June.

The financial-technology firm Plaid is close to a new round of funding at a valuation of about $13 billion, almost three months after scrapping its sale to Visa, according to people familiar with the matter.

Prices keep rising as inventory shrinks, competition grows, and credit availability tightens; analysis and interviews find Black businesses lacked access to lenders and failed to qualify for loans.

While working with government agencies and supermarkets to implement the Supplemental Nutrition Assistance Program, the company also had to innovate on the fly.

One particular type of scheme, swapping, involves thieves stealing and replacing cards before the consumer is aware, says The ai Corporation's James Crawshaw.

Daily edition for April 05, 2021.

The Texas fintech embraces a progressive culture and has taken steps during the pandemic to maintain a spirited vibe even as employees work remotely.

Regulators are likely to scrap the Office of the Comptroller of the Currency’s divisive rule and instead pursue an interagency framework. But stakeholders commenting on a Federal Reserve draft plan say several aspects of the OCC regulation are worth keeping.

The Independent Community Bankers of America asked lawmakers to investigate credit unions' M&A activity after VyStar announced what would be the biggest purchase of a bank by a credit union.

USI Insurance Services agreed to buy Northwest Insurance Services in a deal that should close later this quarter.

Proposed legislation would amend language in the Federal Credit Union Act to make it easier for credit unions to expel disruptive or abusive members.

Alan Kaufman, who will be sentenced in June, faces up to 60 years in prison.

One in five Americans started banking with a new financial institution while dealing with economic hardships over the past year. But data suggests the relationships are tenuous and competition for customer loyalty will intensify.

Bankers are concerned that the Paycheck Protection Program could run out of money before it officially ends on May 31.

Starting Thursday, firms should stop issuing new loans, bonds and securitizations tied to the discredited benchmark, according to the Bank of England.

The Illinois company would gain its first two branches in Winnebago County as part of the deal.

Harper is only the third member of the National Credit Union Administration board to chair the council. Blake Paulson, acting comptroller of the currency, has been appointed vice chairman.

Toronto-Dominion Bank Chief Executive Bharat Masrani said he’s still interested in a major acquisition to add to the firm’s U.S. retail operations, and that he’s unfazed by the recent valuation surge for the regional lenders that would be his most likely targets.