Banking

City sues seven banks for alleged price fixing on floating-rate bonds; analyst says “the most negative revelations are yet to come” in the 1MDB scandal.

The Indiana company will pay $68 million for Citizens First.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple partners with Alipay to boost iPhone sales; Form jacking attacks expand; P2P expands in Sri Lanka; California considers expanding breach disclosure law.

After six years, a bill from Rep. Ed Perlmutter to allow banks and credit unions to serve legal marijuana businesses is finally getting some traction.

Lloyds is paying small merchants to offer cash back, but consumer groups are already casting the move as inadequate to address the decline of branches and ATMs in the U.K.

Readers weigh legislative proposals on pot banking, consider JPMorgan's new digital coin, debate the Federal Deposit Insurance Corp.'s brokered deposit rules and more.

After six years, Rep. Ed Perlmutter tells American Banker he is finally seeing some traction on his legislation to allow banks to serve legal marijuana businesses.

Personal loan balances hit an all-time high in 2018, while fintech lenders widened their market share lead over banks and credit unions, according to new data from TransUnion.

The company will close a dozen branches, including eight in Colorado.

Banks earned $59.1 billion in the fourth quarter, a 133% year-over-year increase, due to a one-time charge in the year-earlier quarter and a lower effective tax rate throughout 2018.

Personal loan balances hit an all-time high in 2018, while fintech lenders widened their market share lead over banks and credit unions, according to new data from TransUnion.

Banks and Apple Pay have not always had easy partnerships, but a hot market for co-branded cards gives Goldman Sachs a chance to advance its consumer ambitions and Apple an opportunity to offset slumps in device sales.

As large banks put stronger fraud monitoring and authentication technology in place, fraudsters have been turning to small banks, like Kennebunk Bank on the coast of Maine. Here's how it fought back.

Mel Watt calls FHFA watchdog “sexist,” after it concludes he’s guilty of sexual harassment. State Street sues the "Fearless Girl" sculptor. Banks big and small face mounting pressure on gender pay gap and board diversity. And another top 40 U.S. bank might get a female CEO.

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation.

The move, reported by The Wall Street Journal, could be part of a deeper foray into cobranded cards by Goldman, which has been expanding into consumer finance through its Marcus unit.

If verdict stands, it could raise ceiling on anti-laundering penalties; better-than-expected results buy Barclays chief more time on current strategy.

The information you need to start your day, from PaymentsSource and around the Web. Today: Dutch central bank's processing PSD2 licenses for U.K. firms; Wyoming pushes crypto laws; Citymapper adds prepaid card; Paytm hires former Amazon exec; Bluefin gets PCI certification.

Page views and sales results don't explain which customers do what, and why they do things (or don't do them), in online and mobile banking.

The results suggest that consumers who buy Green Dot cards are using them with greater frequency or for longer periods of time than they have in the past.