Banking

Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans on reservations, even if the lands sit far outside their assessment areas.

Clients will have an active role in testing new products and services at the regional giant formed by the merger of BB&T and SunTrust, says Chairman and CEO Kelly King.

All but a handful of states now allow a gamified way for consumers o save money, and some credit unions have adopted these programs to help boost deposits.

The company, which has agreed to buy Marquis Bancorp, could use some of the proceeds to fund growth and pay off a line of credit.

In his new role, David Chubak will oversee all of Citigroup’s retail channels, product management and client segments.

Sidhu, who co-founded the digital-only unit of Customers Bancorp, replaces her father, Jay, who will remain executive chairman. The bank is also rolling out a new service that allows direct-deposit to customers to access their paychecks two days before they are paid.

Some banks and fintechs have already introduced pet-friendly policies in the office. Here are five reasons why it works.

After struggling with profitability, Horizons FCU has been approved to join Premier Members Credit Union later this year.

Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said.

Goldman Sachs plans to offer details into its workings to boost its stock value; while challenger banks are prospering, traditional banks still rule the roost.

Here's one way community banks are trying to win over commercial clients and wealthy households: by sharing internal research with them and positioning themselves as experts on everything from business sentiment to demographics.

The Mass.-based institution, which recently saw a slight dip in noninterest income, will provide a variety of P&C products for members and nonmembers.

Quontic Bank is offering high-interest, digital-only savings like others, but it says its secret sauce is homegrown technology that optimizes deposit prices. Financial bloggers have taken notice.

On Sep. 30, 2019. Dollars in thousands.

On Sep. 30, 2019. Dollars in thousands.

More groups said they submitted bids for digital banking licenses in Singapore as companies, ranging from a property giant to Chinese fintech firms, joined forces to go for the sought-after permits.

The institutional clients group will add the jobs in New York, London, Shanghai and several other cities across the globe.

The term “Amazon effect” is a term increasingly used to represent a digital-first business model where interactions with partners and customers centers on web-based application programming interfaces.

The company will pay $29 million for a bank located northwest of Grand Rapids.

Dort Financial is the latest to switch from a federal charter to a state charter, a move that also widens its field of membership.