Banking

Millennials are targeting homeownership within the next few years, but many are buying into certain house-purchasing myths, according to Bank of America.

Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal and Skype payments expand; Tencent invests in Brazilian startup; Commonwealth Bank tests programmable money; GlobalPlatform develops flexible wearable technology.

It's difficult to predict exactly what might be the next threat to the financial system. Here's a roundup of some prime suspects.

Big banks are expected to report that commercial lending weakened in the third quarter thanks to tax cuts, nonbank competition and seasonal factors. It raises questions about whether the second-quarter rally was an anomaly and if an overall economic slowdown is edging closer.

Fifth Third has allegedly informed Spike's Tactical that its accounts would not be renewed.

Bank Novo isn't a business lender (lots of firms already do that) or an account provider (it has a bank partner for that). Instead, it provides small businesses tools to track and analyze their banking activities.

The agency's 7(a) program had a small year-over-year decline, with bankers pointing to lender discipline and more borrowers qualifying for conventional loans.

Credit unions in the Great Lakes State continued to add members in Q2 while a variety of loan types saw double-digit growth.

Collaboration between banks and fintechs still lags, hurting security initiatives such as an authentication hub.

On Jun. 30, 2018. Dollars in thousands.

On Jun. 30, 2018. Dollars in thousands.

The awards will be handed out in March in conjunction with CUNA's Governmental Affairs Conference.

Several other recent hires may have been an attempt to refute charges it can’t attract top talent; rising rates have helped banks, but a reckoning awaits.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay's geographic expansion; NCR terminal gets gas EMV certification; ICICI pushes smart city technology; California cracks down on predicable passwords.

American Banker's Most Powerful Women in Banking and Finance gala, recorded live on Oct. 4 at Cipriani Wall Street in New York City.

Mary Mack, Wells Fargo's head of consumer banking and American Banker's No. 1 Woman to Watch, acknowledged recent issues at the bank, but noted the progress it's made in fixing them.

They are good at helping track savings, spending and debt, but they do not always provide consumers with a complete picture of their financial health.

Union Bankshares will gain 15 branches and $2 billion in loans in northern Virginia after it buys Access National.