Banking

The Phoenix company did not say why James Haught, who was also chief operating officer, left.

The FDIC sold the operations of City National Bank of New Jersey, a minority depository institution, to Industrial Bank in Washington, D.C., in the year's fourth bank closing.

CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches.

The Boston bank’s online money market account won’t start until later next year, and many rivals have already beaten it to the punch. But the window for new entrants is still open provided they do certain things right, experts say.

New tech lets American Express instantly issue cards to immigrants; the end of Libor raises concerns about financial stability; regulators shutter banks in Kentucky and Ohio; and more from this week's most-read stories.

Panelists at the ABA's annual conference said that reviewing and updating procedures and marketing tactics can help bring in more accounts.

NCUA financial metrics don't illustrate the way these institutions have changed consumers' lives for the better.

The Las Vegas-based institution reported that its net interest margin rose during the third quarter of 2019 as consumer loan balances increased.

PrecisionLender, the digital banking software vendor's largest acquisition to date, sells sales coaching software.

The more things change in small-business lending, the more they stay the same, going back as far as 3,000 years. But in this book excerpt, Karen Mills, former head of the Small Business Administration, predicts momentous changes ahead.

CEO tells employees he wants them to be 'impatient' in fixing the bank’s woes; the new independent body would police banks’ compliance with AML regulations.

The Dallas company said it should be able to avoid restating past financial results. It also reported higher quarterly earnings helped by increased mortgage activity.

South Korea cool to central bank crypto; U.K. buses adopt mobile payments; and other information you need to start your day, from PaymentsSource and around the web.

Taking a page from fintech competitors, banks have worked to enrich the small-business app experience.

The parent of Silicon Valley Bank is as bullish as Citi on the growth potential in China, despite the trade war. SVB's focus on early-stage startups is boosting its profits from Asia.

The company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City.

The San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years.

The case — the card issuer's third in six years — is an example of the legal peril that banks and other companies continue to face over the use of automated phone calls for debt collection and other purposes.

Cybersecurity Awareness Month is at an end, but the issues dogging credit unions aren't going anywhere.