Banking

Organizers are planning to raise up to $25 million for Tandem Bank.

On Sep. 30, 2018. Dollars in thousands.

Linda Lacewell replaces Maria Vullo as New York’s chief financial regulator; the Swiss bank is reportedly talking to Christian Meissner about a senior role.

The information you need to start your day, from PaymentsSource and around the Web: New York's plans for crypto; Phillips 66 in-car payments; U.K. contactless fraud; and more.

Two trends — competition from challenger banks and the emergence of real-time payments — threaten to eat away at the fees banks collect on overdrafts and bounced checks.

The coming year will bring a wave of data-sharing deals between banks and fintechs, increased bank use of automated advice, marked changes to financial jobs as a result of automation, and much more.

As consumers continue to migrate to banking apps, lenders may be tempted to focus solely on improving that channel. But new data suggests consumers aren't abandoning other platforms just yet.

Santander taps JPMorgan Chase exec Colleen Canny to lead retail network; can Trump actually fire Fed's Powell?; will 2019 bring long-awaited reform of Fannie Mae, Freddie Mac?; and more from the past two week's most-read stories.

Following the departure last year of several top executives amid downward pressure on earnings, Diebold Nixdorf has named three people to fill its executive ranks.

Third-quarter results from the Michigan Credit Union League show hundreds of members are joining CUs in the Great Lakes State each day.

Slumping stock prices may force banks to press pause, but the need for low-cost deposits and scale could provide a spark later this year.

An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide.

Stephen Raffaele has been the bank's president since 2016.

An “emergency merger” with troubled Progressive Credit Union gives PenFed – already the nation’s third-largest credit union – the ability to welcome any potential member nationwide.

The information you need to start your day, from PaymentsSource and around the Web. Today: Chase is recuriting a blockchain leader; Elavon gets nod from U.K.'s Faster Payments scheme; Abine suffers a breach; Self-driving car deliveries advance in San Francisco.

The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness.

Readers respond to Wells Fargo's latest fine, weigh Sen. Elizabeth Warren's potential bid for president, consider how banks are preparing for climate change and more.

LendStreet is looking to break the circle of debt that often arises when struggling borrowers try to consolidate what they owe.

The bank will pay over $15 million in restitution and fines to settle claims that it neglected stop-payment requests and reopened deposit accounts without customers' consent.

The Pennsylvania company has agreed to buy Forney Financial Solutions.