Banking

Banks clear both rounds of stress tests (though two of them needed a do-over); BNY Mellon goes all-in on digital; bank industry struggles to stop slide in latest reputation survey; and more from this week's most-read stories.

In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.

From leveraging AI as part of customer interactions to analytics, workstation setups and more, here's how credit unions can modernize operations and keep satisfaction levels high.

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

CEO David Solomon said that Goldman is “absolutely’’ looking at digital currencies and conducting “extensive research’’ on tokenization.

The results clear the way for bigger dividends and stock buybacks at big banks; State Street agreed to pay $88 million to settle claims it overcharged clients.

The information you need to start your day, from PaymentsSource and around the Web: Facebook Calibra credit; JCPenney brings back Apple Pay; Grab gets funding; and more.

The accounting rules group is weighing whether to consolidate and push back deadlines for smaller firms to comply with credit-loss accounting change in light of concerns they will not be ready.

Lending to companies with heavy debt loads is a growing business — one that many fear could lead to the next financial crisis.

The legislation, which passed a key test in the state Senate on Wednesday, is the product of a compromise between consumer advocates and some lenders.

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business.

Amala Duggirala, Logan Pichel and Kate Danella are all part of the executive leadership team reporting to CEO John Turner.

If Libra becomes a major financial force, the stability of global finance is on the line.

Several large asset managers plan to meet directly with corporate clients to make loans; 10x Future Technologies promises faster and cheaper banking services.

Among other things, Kai, the insurance firm's AI assistant, will tell customers how to avoid the bank's monthly fee.

The $550 million purchase will include a branch in the U.S. Virgin Islands.

The information you need to start your day, from PaymentsSource and around the Web. Today: Shell speeds up EMV; Apple Pay adds markets and Shopify integration; Technology companies chase B2B automation and biometric cards.

Visa’s chief economist recently warned that fintechs are disintermediating banks’ credit card businesses with instant access to installment loans. Now Visa is looking to disrupt the fintechs by giving issuers a way to do the same.

As the industry continues to consolidate, operating branches in states far removed from headquarters could move from the exception to the rule.

The decision follows similar moves by rivals JPMorgan Chase and Wells Fargo.