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The scandal-plagued bank announced Wednesday that it is adding a board member with deep experience in accounting. It is also considering a switch to flat pricing in indirect auto lending, a change long favored by consumer advocates.
May 29 -
Speaking at a conference on Wednesday, CFO Howell McCullough mostly ruled out a merger of equals as a growth strategy for the $108 billion-asset Huntington.
May 29 -
ChargeAfter, a startup that matches retail customers with financing options at the point of sale from various lenders, has raised $8 million in its first major funding round.
May 29 -
Purpose Financial has agreed to purchase CreditGenie Inc. as payment companies face pressure to offer point of sale financing.
May 29 -
Brad Calhoun, the former chief retail and marketing officer at First Tech FCU in Oregon, will replace Robert Allen, who is retiring from Teachers.
May 29 -
Elavon is partnering with online store software company ePages to meld online and in-store technology for small to mid-size retailers in the U.K. and Ireland with other markets to follow.
May 29 -
A burgeoning trade war, the U.K.’s planned exit from the European Union and escalating tension between the U.S. and Iran have weighed on market sentiment in recent weeks, Citigroup CEO Michael Corbat said Wednesday.
May 29 -
A trial project using blockchain to transfer and settle securities and cash proved more costly and less speedy than the traditional way, Germany’s central bank president said.
May 29 -
A strong economy and the chance to court Hispanic customers and businesses have banks interested in the region once more.
May 29 -
A year after it debuted, Bank of America's virtual assistant now counts some 150,000 users per week. It's one of the few large financial institutions pushing such technology.
May 29 -
Jelena McWilliams said federal bank regulators could begin "within a week or so" to discuss a draft proposal for reforming the Community Reinvestment Act.
May 29 -
A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader.
May 29 -
Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities.
May 29 -
Top executives from banks, card brands, credit unions, fintechs and more weighed in on the major issues and innovations for the payments industry.
May 29 -
While there’s been dramatic innovation in the banking sector in recent years, regulators and startups can better collaborate around these developments.
May 29
FS Vector -
Many kiosk manufacturers focus on cost and manufacturing efficiencies, placing little to no emphasis on experience architecture — where the physical meets the digital in design and engagement, writes Scott Reese, chief technology officer at Harbor Retail.
May 29
Harbor Retail -
The data aggregator plans to help U.S. fintechs expand into the U.K. and vice versa.
May 29 -
More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday.
May 29 -
Having already recently absorbed Los Angeles-based Cedars-Sinai FCU, Credit Union of Southern California is now set to pick up tiny FedONE FCU.
May 29 -
The bank dropped out of the bidding for the card over profitability fears; returning to the market could boost Barclays' investment bank.
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