Banking

The company hired two bankers from CIBC to lead the newly formed group.

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer.

Banks need to manage margins more actively — including the use of new modeling technology — in the current low-interest-rate environment.

Collins Community Credit Union has agreed to buy First Savanna Savings Bank.

The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing.

Grab pays a fine for high fares; VC flows to e-commerce logistics; and other information you need to start your day, from PaymentsSource and around the web.

As part of this year's Best Practices Awards, CU Journal looks at a trio of institutions that have found creative and effective ways to bring in new funding.

George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks.

The company also disposed of a large agricultural loan that was nonperforming.

In September, loan balances grew at a slower pace than a year earlier, according to the latest trends report from CUNA Mutual.

The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.

Rep. Katie Porter, D-Calif., wants details about refunding "hundreds of millions of dollars" in fees improperly charged on checking accounts. Wells has acknowledged the potential problem but hasn't estimated how much it owes.

The move will allow MVB to devote more resources to Northern Virginia and its fintech business.

The Peach State is the latest to offer gamified savings programs as an incentive to draw in deposits and improve consumers' behavior.

The company will pay nearly $33 million for Tomah Bancshares to boost its operations in Wisconsin's Monroe County.

APIs need to be designed with features such as defenses, proper authentication, batching, and throttling in mind, says Shape Security's Jarrod Overson.

Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint Bank's president and CEO. The bank would be based in Chattanooga.

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees.

PBoC forms new standards for blockchain; Apple Wallet expands for London transit; and other information you need to start your day, from PaymentsSource and around the web.

Once signed up, customers expect a smooth enrollment and onboarding experience, too, regardless of the channel, says Intelledox's Neal Keene.