Banking

Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change.

To combat the notion that regional banks’ tech offerings are inferior, the combined BB&T-SunTrust will have to go “toe-to-toe” with big banks, BB&T chief Kelly King said ahead of shareholder approval of the deal Tuesday.

A new study from WalletHub ranked each state according to the credit card debt consumers have racked up.

Credit unions will be covering a range of important issues, including community development and enterprise risk management, as they review their operations.

In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.

The information you need to start your day, from PaymentsSource and around the Web. Today: BofA ends First Data joint venture; Capital One and Sephora suffer breaches; Grab uses infusion to expand in Indonesia; Ripple wants to be seen as different than Libra; A ransomware emergency in Louisiana; Amazon expands into food delivery in India.

Credit quality is being second-guessed after several banks reported higher 2Q charge-offs.

Capital One Financial lost data from as many as tens of millions of credit card applications after a Seattle woman hacked into a cloud-computing company server, federal prosecutors in Seattle said.

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership.

The Senate is also expected to pass a budget deal that will increase spending and suspend the debt ceiling.

The decision is a blow to OnDeck, which said Monday that it intends to pursue a bank charter, either by applying for one or by buying a bank.

The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.

Citigroup's made some strides after the battering its share price took last year, but it still trails JPMorgan Chase and Bank of America; chiefs at the top U.S. global banks own on average more than 15 times the amount of their own firm's stock than their European counterparts.

Overdraft fees make up the lion's share of the $214 women pay in banking fees each year, according to a survey of users of the investing app Stash.

The information you need to start your day, from PaymentsSource and around the Web. Today: Australian banks suffer breaches; U.K. may restrict gambling payments; Movie subscription sites proliferate; Huawei wants China to counter Libra.

Locations with a welcoming atmosphere and the latest technology can be a key part of a credit union’s marketing strategy.

The industry trade group said Rakuten's nonfinancial activities raise questions about its pursuit of a banking charter.

Byline Bancorp is in discussions to buy Parkway Bank and Trust, according to a local publication.

Record oil production has lenders contemplating acquisitions in the region.

Thanks to its newly started bank, Ameriprise's 10,000 financial advisers will soon start offering direct services like deposits and mortgages.