Banking

Although the credit union industry managed to add more loans and members, lending is expected to grow at just 8 percent this year, according to a recent report.

The new asset-based securities lending unit, based in Charlotte, N.C., will provide warehouse lines of credits to nonbank consumer and commercial lenders.

Gatsby, which has built an app to let novice investors buy puts or calls, has received funding from Barclays, Radius Bank and others. Radius is considering offering the service to its customers.

The combination of their convenient branch networks and strong digital offerings makes large, national banks tough to beat in dispensing financial guidance, consumers say.

The agency is exploring how to reopen small-dollar lending options for banks, but consumer groups are urging it to maintain pricing limits and other controls.

The Louisiana company got more aggressive with credit issues and recorded its final charge tied to addressing a regulatory order.

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa and Mastercard have strong earnings; Indian bank's data exposure; RBS gets sued; Blockchain paper; Discover replaces cards after a breach.

Wells says it's made progress but needs to do more to rebuild trust with customers and regulators; despite rate hikes by the Fed, big banks continue to effectively pay nothing in interest to savings customers.

Banks that gather deposits through branches generally pay lower deposit premiums than those that solicit deposits online. So what happens if long-standing restrictions on brokered deposits are relaxed?

The deal between the U.S. bank and the U.K. software firm adds another potential payments rival for Swift, and the two companies will offer banking APIs to U.S. fintechs.

New data from the League of Southeastern Credit Unions sees CUs in the two states exceeding national averages in a number of growth metrics.

More than half of the new depositors the online bank added in the fourth quarter are millennials.

In addition to closing on its largest acquisition to date, the Tulsa, Okla., company reported double-digit growth in energy, health care and commercial real estate loans.

The French banking giant has spent months winding down its holdings in the $20 billion-asset bank.

Reliance Bancshares was in a position to reject five buyout offers over the course of a year before it got one it liked.

Assets increased 6% in 2018 to nearly $52 billion as loan originations surged and the company redeployed $2 billion of cash into higher-yielding securities.

Big data and artificial intelligence will allow banks to do more for small businesses, former SBA head Karen Mills argues.

The Trump administration will offer a framework and get Congressional input on housing finance; some online banks offer more than 2% interest on deposits.

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