Banking

OFG Bancorp, the parent company of Oriental Bank, has steadily climbed American Banker's rankings of the nation's top-performing banks. Here's how the Puerto Rican bank did it.

Bond yields are rising as the market's under duress and the national debt's crossed the $40 trillion mark; but rising yields aren't all bad for banks.

With the CLARITY Act stalled in Congress and GENIUS implementation ongoing, experts are questioning how much of a threat the products pose to bank deposits and services.

A former Regions Bank employee who's been banned from the industry was allegedly part of a fraud ring that cost the bank roughly $400,000.

Banco Santander has completed its purchase of Webster Financial. It plans to take the integration process slowly in order to avoid customer disruptions.

The Trump administration's refusal to release funds appropriated by Congress for community development financial institutions is actively damaging programs that serve low-income Americans.

As the fintech IPO market is on pause and the total number of deals decreases, select firms are still collecting sizable equity checks from private investors.

The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.

Banks, credit unions and supervisors told the Federal Financial Institutions Examination Council that the legal ambiguity of "material financial risk" in the agency's supervisory rating proposal will create problems for banks and regulators down the road.

T-shaped teams help banks measure AI impact by defining outcomes upfront, tracing results to AI and rolling them into business impact at the enterprise level.

Jeff Kesler leads a firm that recently struck a deal to acquire a small bank in Palmer, Texas. Kesler says he's on the lookout for other Lone Star State banks to buy.

Bankers in the U.S. can learn a few things from watching the rollout of the European Union's new AI Act. Specifically, they should notice the gaping hole where rules about identity verification ought to be.

Litigation involving Amalgamated Bank highlights the risks that banks may face when highly placed employees leave their jobs on bad terms.

Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.

During a court hearing Tuesday, appellate judges expressed skepticism about a Colorado effort to cap the rates on consumer loans that out-of-state banks make to Coloradans.

Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.

The march toward tokenization of assets includes a storied Wall Street firm offering its latest fund on four distributed ledgers.

The 10th Circuit Court of Appeals is reviewing a challenge to Colorado's effort to exercise more power over the interest rates charged to its residents.

The industrial bank charter is attracting increased interest because of the combination of innovation and safety it offers. However, charters should only go to companies that can meet a rigorous set of requirements.

HomeTrust Bancshares, which has been eyeing Virginia as part of its growth strategy, plans to acquire the formerly troubled Blue Ridge Bancshares in an all-stock transaction.