Banking

The percentage of farm lenders losing money hit a six-year high in the third quarter, according to the FDIC.

The company will pay $122 million for six branches and nearly $1 billion in assets.

While digital channels are becoming more popular, many banks remain committed to highway advertising.

The country's top six banks were sideswiped by rising provisions for soured loans and slumping capital markets.

In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.

CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.

The regulator says the bank needs to address employee complaints and pay controls; the presidential hopeful would make it more difficult for banks to combine.

Toys "R" Us debuts concept store in New Jersey; a Visa exec heads to Google; and other information you need to start your day, from PaymentsSource and around the web.

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.

In search of new sources of revenue now that it has slashed fees on stock trades, the brokerage giant could use the influx of deposits it will get from acquiring its rival to grow its loan portfolio and add new banking services.

Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers.

A 15-hour shutdown of online banking, mobile banking, ATMs and wire transfers was caused by a single data storage unit. BB&T's lawsuit blames the vendor, but the bank may have left itself too exposed to equipment failure.

The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.

The decline in revenue from capital markets undercut gains in consumer banking and pushed fiscal fourth-quarter earnings below analysts’ expectations.

Instead of imposing interest rate caps, policymakers should require online lenders to provide clear disclosures and promote partnerships with banks.

Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.

ABN Amro cuts ATMs; Clearing House faster pay picks up credit unions; and other information you need to start your day, from PaymentsSource and around the web.

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.

Alternative data "may improve the speed and accuracy of credit decisions and may help firms evaluate the creditworthiness of consumers," the agencies said.