Banking

The Herb Wegner Memorial Awards will be handed out in February to a trio of long-time industry leaders.

Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.

Here’s why we joined other banks globally in disclosing the environmental impact from loans and investments.

JPMorgan, which led the offering, may have “enabled” the startup’s questionable behavior; the system may enable more people to get approved for mortgages.

The information you need to start your day, from PaymentsSource and around the web. Today: North Korea-linked hackers go after ATMs; Lyft goes deeper into transit; myPOS opens a store in Paris; Austin IoT crypto payments startup adds to its network.

The North Carolina company agreed to buy the much-smaller Community Financial Holding.

The Maryland company says two recent deals, including its agreement to buy Revere Bank, give it the right amount of coverage across Washington's suburbs.

The app, which started with mobile gaming, will now integrate itself with some of the most popular video games on the market such as Fortnite.

After investing in a payments CUSO earlier this year, the Florida-based credit union is looking for additional opportunities to work with fintechs.

FWBank would be led by Marianne Markowitz, former acting SBA director. Amy Fahey, a former JPMorgan Chase executive, would serve as chairman.

The San Francisco startup plans to use the fresh funding to hire employees in its engineering team and to expand the number of platforms it works with.

Congress should consider acting quickly or companies could treat the Golden State's new data privacy restrictions as a national standard.

The Dallas company inherited the loan relationship from a bank it bought in 2017.

Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.

The company will add nearly a dozen branches in the Maryland suburbs of Washington.

The information you need to start your day, from PaymentsSource and around the web. Today: Will IBM work with Facebook on cryptocurrency?; Mastercard's new ad campaign; China pushes back on digital currency reports; Glint becomes insolvent.

The Florida banks had spent years addressing credit quality and capital issues.

The rise in prices caused by the attacks on Saudi Arabian oil installations should help banks recoup some losses from the 2016 downturn. Harder to gauge is the impact the price volatility will have on U.S. energy production and, in turn, loan demand.

A new study suggests banks have the ability to operate leaner than ever before. That could fuel investor demands for more cost cutting and drive more banks to pursue M&A.

The startup, Drum, provides a marketplace for small businesses to offer promotions to influencers who can help them drum up business.