Banking

More banks in the state are considering acquisitions to cut costs and combat margin pressure.

The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank.

If regional banks really want to compete against behemoths and nonbank entrants they need to emphasize products over M&A.

The FDIC and the Fed have yet to sign on to the plan; this year’s managing director class includes fewer overall, but a higher percentage are women.

Pakistan, Thailand build national pay systems; EZ-Link seeks Singapore bank license; and other information you need to start your day, from PaymentsSource and around the web.

The junior member of the National Credit Union Administration board has proposed additional oversight for larger credit unions, citing a “guiding principle” of “uniformity between the regulators.” That could pit him against much of the rest of the industry.

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.

Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more.

Bank of the West intends to stop making indirect auto loans and will instead focus on financing purchases of boats and recreational vehicles. It’s just the latest example of a regional bank pouring more resources into the powersports sector.

A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.

The central bank originally predicted FedNow's launch within five years, but the Fed chairman told House lawmakers that he expects it will happen sooner.

First Bank of Berne has agreed to acquire Adams County Credit Union, turning the tables in a year in which 14 credit unions have announced deals to buy banks.

It’s the company’s responsibility to come forward with the information about how an algorithm that could be discriminating against women borrowers was designed and the exact impact of it, she said.

Consumer demand for digital financial services will inspire a wave of new partnerships.

The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record.

Google Pay adds banks in Singapore; a contactless pay shirt debuts; and other information you need to start your day, from PaymentsSource and around the web.

Member business lending growth has fluctuated in recent years but growth overall is slowing even as balances continue to rise. The long run of success could prove to be a problem when the economy finally turns south.

Banks are putting more effort in deposit gathering and fee-based products to offset thinning margins and increased payoffs by small-business clients.