Banking

The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company.

Blue Lion Capital, which has been critical of the Seattle company in recent years, has nominated two individuals to become directors.

Nearly a dozen shareholders disrupted opening remarks at Wells Fargo’s annual meeting in Dallas on Tuesday, pressing executives to answer for a series of scandals that have rocked the bank.

As the bank's board conducts its search for a new CEO, it should exclude Wall Street titans from any shortlist.

CEO Kessell Stelling said he thinks about Synovus' depressed stock price daily, even though his team is ahead of schedule cutting costs from a deal that closed in January.

The credit union is also developing a new shared branching space as part of a unique co-location strategy.

The latest World Council of Credit Unions project in the Caribbean will see the island nation working alongside Indiana CUs to share best practices, strategic initiatives and more.

Fifth Third bought MB Financial in the quarter and benefited from increases in corporate banking revenues and a slight improvement in credit quality.

Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."

The information you need to start your day, from PaymentsSource and around the Web. Today: Sony's new ride sharing app; bitcoin advances for debit and e-commerce; eBay may invest in Paytm Mall; Washington Caps add Alipay.

Credit unions have measures in place to assist members hit by fraud but many smaller institutions are challenged when it comes to an effective response.

Leaders in bank innovation have ideas for improving financial services with high-speed, highly responsive 5G networks — ideas they say could be implemented relatively quickly.

The Salt Lake City bank saw growth across all lending categories and an improvement in credit quality. It also said it has finished the second of three stages in its multiyear conversion to new core-banking technology.

The acquisition also includes $525 million in deposits and $120 million in loans.

The bank is investing more in its digital capabilities, according to The Cincinnati Enquirer.

Credit union professionals offered insights into how technology is changing the collections process during the recent National Credit Union Collections Alliance conference in Las Vegas.

The settlement comes as Navy makes history by becoming the world’s first credit union to exceed $100 billion in assets.

The two banks, which plan to complete their merger by early fall, have little geographic overlap, so they can keep lending teams in place and push for immediate loan growth, according to Craig Dahl.