Banking

Community banks can’t afford the digital banking services customers demand; Vanguard's "banklike" cash management service couldn't match banks' offerings.

The information you need to start your day, from PaymentsSource and around the Web. Today: Banco Sabadell demos "hand" payments; Amazon plots grocery chain; U.K. consolidates payment groups; Klarna and PayBright collaborate in Canada.

A legal memo conducted on behalf of the trade group says the agency’s policy goes beyond statutory intent and places undue restrictions on healthy banks.

Credit unions haven't dipped into subprime lending as much as other lenders, which has helped protect the industry – but there could still be major speed bumps ahead.

The Arizona-based CUSO returned $6.2 million in cash rewards to its credit union members for 2018.

The latest Credit Union Trends Report from CUNA Mutual Group shows strong performance in membership growth and delinquencies, but lending is beginning to slow and could slow further by next year.

JPMorgan's Dimon: Square innovated where we should have; this company simplifies bank switching (and banks pay for it); BB&T-SunTrust deal has Atlanta banks licking their chops; and more from this week's most-read stories.

The answer depends who you ask, but an analysis of deposit and loan trends offers some insight.

FNB Bancorp in Utah, which is being sold to Glacier Bancorp, decided that the Montana bank's decentralized model would save jobs and give its management team more autonomy.

At least five banks have warned about the potential loss of tax benefits if it is proven that DC Solar operated an investor scheme.

The U.S. embassy wants to meet with Sweden’s financial regulator over AML concerns; revelation that he borrowed to buy Barclays shares doesn’t sit well with others.

The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time.

The information you need to start your day, from PaymentsSource and around the Web. Today: Air Canada adds Amex to marketing deal; Facebook's work on crypto makes progress; Standard Bank pursues blockchain; One97 expands API access.

Readers weigh in on Democrats' call for more scrutiny of the BB&T-SunTrust merger, changes to the CFPB's payday lending rule, criticism of Square's ILC application and more.

Community banks and credit unions fear a Senate plan and other legislative ideas will nullify steps taken by Fannie Mae and Freddie Mac that have made it easier for smaller institutions to compete.

Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks.

Bank of Marin CEO Russ Colombo is tightening up pricing and terms, citing soaring real estate prices in markets like San Francisco.

American National Bankshares is trying to force the proposed American Bank & Trust to change its name.

Steans, a former LaSalle Bank chairman who also led the financial crisis recapitalization that saved Taylor Capital, died on Tuesday. He was 83.

The FDIC reserve fund is nearing a threshold that will trigger a temporary reprieve on deposit insurance premiums for banks with less than $10 billion of assets.