Banking

Recent closings could portend a stiffer regulatory stance on capital adequacy and risk.

The financial services industry has struggled with how best to explain privacy and data-sharing practices to customers. Mastercard is offering a new framework.

Ralph Babb had stepped down as CEO in April. Curtis Farmer, who succeeded him as chief executive, will assume the chairman's title starting next year.

Top officials at Bank of America and Wells Fargo said that commercial loan demand is weak, even as U.S. consumers show strength. Their comments echo recent findings by the Federal Reserve.

After shaking up the financial services industry last month by eliminating commissions for all online trades, Charles Schwab is setting its sights on building out its lending services.

The CFPB, OCC and FDIC are signaling a renewed focus on the sector after regulation of it fell more to the states in recent years.

A California bank with deep ties to the U.S. venture capital industry is targeting Denmark for growth, as a lack of regulatory constraints on lending makes the country a preferred destination in Scandinavia.

Three Rivers Credit Union in Bainbridge, Ga., and DOCO Credit Union in Albany, Ga., are expected to operate independently once the transactions are completed.

One organization's findings reveal that financial counseling, when done right, can also help boost institutions' lending and brand recognition.

The organization moved forward with a new name in order to maintain brand consistency.

Banco Santander Chairman Ana Botin said that more than a decade after the financial crisis, bankers and other elites remain distrusted around the world, and "as a result, political populism is ascendant."

With so many data breaches targeting merchants, banks should not assume they are in the clear. Banks are, after all, where the money is.

A group affiliated with Interactive Brokers Group has filed an application with the FDIC to form Interactive Bank.

Businesses scaled back investment plans in the third quarter, but consumers continued borrowing; the bank now plans to raise its minimum wage to $20 in 2020.

Citi boosts air rewards; U.S. makes slow faster pay progress; and other information you need to start your day, from PaymentsSource and around the web.

Cash access has grown tighter in the U.K. as more consumers adopt digital payments and banks shrink their fleets of branches and ATMs. Could the U.S. could see a similar phenomenon?

By using host card emulation, issuers can gain more control over their own mobile payment apps, says FIME's Christian Damour.

Tri County Financial will pay an undisclosed amount for H.F. Gehant Bancorp.

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

The California company agreed to pay $14 million in cash for a bank with $131 million in assets.