Banking

A study by FinRegLab of six nonbank lenders' use of cash-flow data in underwriting decisions finds this type of "alternative data" helps predict loan performance.

The firm joins $40 billion “technology megafund” sponsored by SoftBank Group; company says partnerships are taking longer than expected to bear fruit.

The information you need to start your day, from PaymentsSource and around the Web. Today: eBay's warehouse and shipping play; Alaska Airlines adds Google Pay for boarding passes; Newegg adds to crypto network; Swiss regulators haven't heard from Libra.

The number of transactions to send money across borders has risen for 36 consecutive months, but this could eventually slow.

The Washington company will have more than $1 billion in assets in Southern California when the $87 million deal closes.

The $64 million acquisition is the first for Investors since it was freed from a regulatory order tied to Bank Secrecy Act compliance.

The heads of the island's largest banks are worried that ongoing protests over government corruption and other scandals are a setback to an economy slowly rebounding from the devastating hurricanes of 2017.

A company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady.

The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer.

The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision not to hire Andrea Orcel if he sues.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal complies with India's data storage rules; Uber tests new subscription service; Union Bank of the Philippines tests blockchain payments; Bitcoin Hyper launches.

Accounts that offer high interest rates can bolster fee income and lower noninterest expenses, though credit unions have to carefully watch these products to ensure they actually make money.

WesBanco, which is based in West Virginia, will have more than $15 billion in assets when it completes the acquisition.

The Maryland bank has to show that it can once again overcome accusations of possible misdeeds — this time tied to a political corruption probe. And there may be other problems.

While loan growth continues to outpace competitors, Discover says it has been tightening its standards, given the late stage of the credit cycle.

KeyCorp, Regions Financial and others have sacrificed short-term profits to avoid being crushed by an anticipated decline in interest rates.

Despite the Senate Banking Committee’s willingness to discuss the issue, Republican support for legislation is still in question.

Rachel Pross, chief risk officer at Maps Credit Union, told the Senate Banking Committee the inability for more banks and CUs to safely serve the legal pot industry is having an effect on ancillary businesses.