Banking

Housing and auto sales are just the first sectors to feel pain from rising rates; BlackRock may have identified its next CEO.

President Trump has threatened that the closure may go on for a prolonged period. This could lead to higher loan delinquencies at credit unions that serve federal workers.

The information you need to start your day, from PaymentsSource and around the Web. Today: Walmart tries driverless delivery; A new project to speed electric car charging; India appoints a digital pay panel; Central banks go slow on digital currency.

Tom Meuser, the chairman of El Dorado Savings in California, said he could not get the necessary two-thirds backing from his shareholders because of recent declines in bank stock prices.

The 10 startups will receive initial investments, mentoring and training as part of the ICBA ThinkTECH Accelerator.

Saul Van Beurden will have oversight of both technology and information security and will report to CEO Tim Sloan.

Consumer lending should also be a bright spot, while mortgage lending could be suppressed by rising rates and tight housing supplies.

Deposit premiums for bank mergers, which topped 10% in 2018 for the first time in years, are expected to keep rising as competition for cheap funding intensifies.

The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.

Shane Knighton, who previously worked at Member Business Lending, will take over for the retiring Gordon Dames, who served as interim CEO.

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mercedes-Benz concept car supports ride app and delivery; Motiv's new pay and fitness ring; A tech update dings Google Pay; China Mobile adds token incentive to water purification.

From anti-money-laundering reform to pot banking, there are deals to be had on financial services legislation. The question is whether anyone wants to make them.

In venturing into what's normally a province of large banks, nbkc in Kansas City, Mo., discovered innovative tax-management and other products that it could offer to its own customers or sell to other banks.

More consumers fell behind on their loans in the third quarter of 2018, even as average wages rose and the unemployment rate fell to a 50-year low.

The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work.

Issuers should take seriously critics’ claims that they need to monitor the sale of guns more closely, before policymakers force the issue.

George Scharpf had been the New Jersey bank's leader since 1981.

The credit union service organization based in Florida has returned more than $500 million in patronage dividends since 1994.

The information you need to start your day, from PaymentsSource and around the Web: Visa's car payment plan; Amazon Key expands; Samsung's fridge calls an Uber; and more.