Banking

Europe would feel the brunt of the reductions, which would affect about 4% of the bank's global workforce.

Even with fee revenue already down, Oregon-based Providence FCU has cut its overdraft fees by half. Some analysts say the move could pay off if the economy goes south.

A combination of mutual and clashing interests has driven many players — big banks, community banks, credit unions and fintechs — to offer high-interest, digital-only savings and checking.

The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.

Many community banks are launching digital banks, more aggressively courting younger customers and abandoning the idea that only primary banking relationships are worthwhile.

As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.

FDIC Chairman Jelena McWilliams reaches out to tech pros to bring fresh ideas to the agency.

The company was the only no-show at the gathering of Facebook’s payments partners; HSBC was fined $650,000 for violating swaps risk management rules.

The information you need to start your day, from PaymentsSource and around the web. Today: Barclaycard's supply chain; Libra partners hedge on participation; Lyft tries to hold onto drivers; Curve adds former Samsung exec; Fiserv adds school donation support to Clover.

Frustrated after being overlooked by mainstream financial institutions, organizers of the proposed Pagan Federal Credit Union are hoping to be chartered by the end of the year.

Readers react to a regulator's promise to reduce regulation that hinders innovation, Sen. Elizabeth Warren's plan to impose heavier taxes on lobbying groups, Freddie Mac's exploration into AI and more.

Citigroup CEO Michael Corbat said that unconscious bias has contributed to inequality in the workplace despite a decades-long effort by many companies to promote women.

McCrady, the driving force behind the Pittsburgh bank's $500 million investment in early childhood education and development, is the Community Impact honoree selected as part of the Most Powerful Women program.

A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.

Officials said Thursday that they will not take regulatory action against state-chartered banks and credit unions solely for serving licensed cannabis businesses.

When she was growing up, Thasunda Duckett's family used crates as furniture and struggled to buy groceries. Now she's become one of JPMorgan Chase's most visible executives, using the lessons of her past to help guide the company's massive branch expansion.

American Banker's Most Powerful Women in Banking and Finance gathered at the Gitano Jungle Room in New York on Wednesday for an evening of cocktails and conversation.

The factors that drive small banks to accept acquisition offers and the impact those decisions have on their communities must be better understood, according to the Fed’s Michelle Bowman and the FDIC’s Jelena McWilliams.

Democrats’ investigation of President Trump has darkened the horizon for legislative activity in Washington, but prospects for a pair of bipartisan measures backed by the industry are surprisingly bright.

When Washington Federal last rebranded, it was to signal its shift from a savings and loan association to a commercial bank. This time around, it's to reflect geographic diversity and its desire to be viewed as a bank.