Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook's cryptocurrency gets more detail; Lloyds adds to open banking; Domino's tests driverless cars; Euro messaging moves forward; Billing tech draws investors.

On Dec. 31, 2018. Dollars in thousands.

The Dutch company is no longer a bank in some countries, but more of a digital matchmaker between consumers and financial products provided by third parties, explains innovation chief Benoit LeGrand.

New York's sweeping rewrite of rent stabilization laws could pose a credit risk to lenders that finance capital improvements to regulated apartment properties, according to a report Monday by Fitch Ratings.

Deal values this year have been smaller than last year despite the hubbub over BB&T-SunTrust. Prosperity's agreement to buy LegacyTexas raises the possibility that the size of bank deals could start climbing.

The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets.

The German banking giant is also looking to create a "bad bank" to wind down as much as $56 billion in unwanted assets, according to a person familiar with the matter.

HSBC is opening 50 new retail branches in the U.S. and hiring more than 300 staff as part of the British lender's plan to expand services to regions where it has previously been absent.

On Mar. 31, 2019. Dollars in thousands.

On Mar. 31, 2019. Dollars in thousands.

The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas.

The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.

Democratic presidential candidate Pete Buttigieg said the way credit scoring is done in the U.S. is fraught with inequality and he's worried the process may get worse with systems based on artificial intelligence.

The executives were hired for their focus on loan origination, portfolio management and securitization.

Public-sector development of a speedier settlement service, to operate alongside the one being developed by The Clearing House, is crucial for seeing that institutions of all sizes are able to take advantage of this technology.

The bank is looking to combine several units that invest in income-producing assets; increased scrutiny has led banks to address the risks of climate change.

The information you need to start your day, from PaymentsSource and around the Web: Target's troubled weekend; Australia's choppy NPP rollout; Alexa shopping for kids; and more.

On Dec. 31, 2018. Dollars in thousands.

Conference overload and sexual harassment response strategies are top of mind as CUNA and NAFCU prepare to simultaneously host their annual summer meetings.

"Truist" was roundly mocked when it was unveiled as the name of the merging BB&T and SunTrust, but it’s hardly the first bank moniker to elicit a "huh?" from critics.