Banking

This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions.

The information you need to start your day, from PaymentsSource and around the Web. Today: Ripple and R3 work together; Teen card Current upgrades; Blockchain has a successful test for KYC; Scam targets finance executives.

Democrats on the House Financial Services Committee are expected to shine a spotlight on Trump-appointed regulators, but that light might shine brightest on one agency in particular.

Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away.

Michael Hanley, former head of digital for the World Economic Forum, and Anthony Thomson, the creator of Atom Bank, share their thoughts on the future.

CFO John Gerspach said he's not worried about legislation in Mexico to ban retail banking fees becoming law based on recent comments by the nation's president.

Mirador's digital-lending platform lets banks and credit unions make decisions on loans within 24 hours.

The Chicago bank's new partnership with AutoGravity mirrors others struck this year by JPMorgan Chase and U.S. Bank with providers of mobile apps that bundle the car-buying and lending processes.

Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers.

The changes affected Dean Athanasia, Thong Nguyen, Katy Knox and Andy Sieg. The company also gave more responsibility to Chief Administrative Officer Andrea Smith.

Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.

Newly unsealed court documents make clear that regulators forced banks to terminate relationships with payday lenders and other lawful businesses, setting a dangerous precedent.

Mike Walsh, former CEO of Jefferson County Bancshares, has become a director at St. Louis Bank.

Customizing the customer experience will help credit unions keep up with evolving trends in service.

The information you need to start your day, from PaymentsSource and around the Web. Today: The government encourages AI to fight money laundering; Amazon's drones still a work in progress; Klarna's CEO has fighting words for banks; T-Mobile takes another shot at financial services.

While equity prices drop an average 5% at big banks, bosses express confidence in the U.S. economy; the bank appoints new managers in payments, consumer banking and marketing.

Murals on the walls and pizza parties are just a couple of ways Studio Bank is trying to court music and entertainment clients as part of a broader niche-lending strategy.

A report released Tuesday echoes bankers’ arguments that the USPS is ill-equipped to manage the risks.

Having the Federal Reserve Board’s bank supervision chief at the helm the Financial Stability Board cements U.S. leadership on cross-border regulation.

On Jun. 30, 2018. Dollars in thousands.