Banking

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.

Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Now she's in charge as it grapples with difficult questions and sets out to reshape the industry.

The industry is waiting to see if banks will get the same no-cost land leases on military bases that credit unions currently enjoy.

All of the GOP members on the House Financial Services Committee called on the regulator to consider "administrative decisions" to offset the impact of the 2015 decision.

On Jun. 30, 2019. Dollars in thousands.

The deal expands the number of compliance tools owned by credit union leagues and other industry groups.

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

Jes Staley is turning away from his ambition to build a Barclays Plc-branded digital consumer bank in the U.S.

The Boston company said the loan participation went into default due to potentially fraudulent activity.

Boosted by companies like Klarna, Affirm and Splitit, payment installment plans have become a popular alternative to credit card debt for consumers — and business transactions are the next target.