Banking

Atlanta Fed chief says consumers don't know the risks of using nonbank payments providers, like Apple Pay; equity derivatives desks will reap rewards of volatility.

The company will pay $64 million in cash and stock for First Beeville Financial.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay's set for Belgium; Deutsche invests in Modo; U.K. bank glitches soar; WorldRemit expands in Bangladesh.

Through timely investments, opportunistic dealmaking and a laser focus on employee engagement, Turner has Wilmington, Del.-based WSFS on the cusp of becoming a regional power.

Technology is often cited as the leg up large banks have in winning over customers, but regionals are worried about the “billions and billions” bigger rivals can pour into ubiquitous ad campaigns.

Michael Daly's resignation may have been precipitated by an anonymous letter last month describing the workplace as “toxic” and in dire need of change.

Kathy Kraninger, who may get a confirmation vote as early as this week, has suggested a similar vision to that of the agency’s current acting chief. But some see signs she could bring a different approach to the job.

A new finance and insurance program from Dealertrack aims to make auto lending faster for consumers, lenders and dealers.

Stephen Gordon, who led the bank's recapitalization in 2010, is being replaced as CEO on an interim basis by former FirstMerit CEO Paul Grieg.

As U.S. banks move toward faster payments, they should heed the lessons U.K. banks learned about criminals after launching their real-time transaction system, says Varo Money's fraud strategy leader.

It's the latest expansion step in commercial services there by the Atlanta bank, which has no retail branches in Texas.

As the economy softens, traditional banks have an opportunity to win back market share from fintech competitors.

The Connecticut regional bank will pay $327 million for the parent of Belmont Savings Bank.

A 2016 law expanded credit union powers in the Great Lakes State, but it also capped how CUs can invest in GSEs – a move that nearly cost one institution $6 million.

The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. pressures PayPal's iZettle deal; Australia's central bank sees a niche role for cash; Sydney expands transit technology; Monzo crowdfunds; Cyber Monday sets records.

Miners of the digital currency are losing interest, which could lead to more price declines; scandal-scarred banks among those that endorse Principles for Responsible Banking.

Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate.

State Bank’s Evans started off his banking career by offering cold cans of soda to farmers in the field in the hopes of earning their business. Five decades on, he's widely known in banking circles for his prowess in building high-performing community banks and selling them for top dollar.

Nearly all banks need more fee income, and many have extra cash for investing in growth. Some have started buying up wealth management firms, while others have decided to pare back and specialize.

Michael Daly had been the Boston company's president and CEO since 2002. It did not say why he left.