Banking

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.

The information you need to start your day, from PaymentsSource and around the Web. Today: Revolut's hiring licensing pros; Large companies join to aid data sharing; UAE and Saudi Arabia look to shave processing costs; R3 continues is momentum.

The Atlanta fintech is looking to expand rapidly beyond its roots of arranging financing for home improvement projects.

Shaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO.

At banks of all sizes — from the $7.2 billion-asset WSFS Financial to the $373 billion-asset Capital One — marketing budgets ballooned in the fourth quarter.

The Germantown, Md.-based institution can now serve residents throughout the Washington, D.C., region.

Woodforest National Bank made so many C&I loans that it cut into capital and required more liquidity. It has shifted gears, selling two business lines as it refocuses on deposit gathering.

CrediFi helps bankers pursuing commercial real estate loan growth minimize the risk in lending to customers they historically haven't served.

The New York based Petal uses machine learning to optimize the limited financial data available for low-information consumer groups and millennials, who often turn to installment loans from companies such as Affirm, Klarna and PayPal Credit.