Banking

The Danish bank updates amount laundered; Goldman near deal for its Simon app.

The beloved annual feature is back on Sept. 20 to highlight the magical and the mundane moments credit unions experience every day.

The information you need to start your day, from PaymentsSource and around the Web. Today: Cashierless stores are set to grow quickly; Westpac adds Siri payments; Hacks at Newegg and government servers; MPs push for U.K. ICO regs; ANZ debuts cardless ATMs.

Edward Doherty is set to succeed Janice Houghton when she retires in November.

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.

The New York company said Wednesday that the new group will provide loans and other services to early-stage, consumer-focused companies.

The report from an advocacy group that focuses on college affordability says that schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from banks and other private-sector lenders.

Bruce Fox, current EVP/chief investment officer, will move into the corner office upon Kathy Garner's retirement in March.

The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.

Montana’s Credit Unions have entered into a partnership with the Minnesota CU Network and TruLync to offer prize-linked savings to members.

The Danish bank found more than $200 billion of suspicious deals at its Estonian branch; merchants can opt out of the deal as another case on network rules continues.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard close to video game sponsorship; WorldRemit adds WhatsApp; Gemalto tests blockchain ID; CanPay expands in Florida.

Senior managers at selling banks often get big payouts and move on. But some decide (or are allowed) to stay and can make major contributions. Here are examples of execs who famously became difference makers after sticking around, or of keepers from recent deals who could have a big impact.

Several hard realities, including legacy technology and the pace of change in software and apps, leave firms vulnerable to outages that stir public outcry.

The changes mandated by the recent regulatory relief law would narrow the definition of "high-volatility commercial real estate" exposures that get a higher risk weight.

Julie Demarigny will be in charge of mobile and online strategies at the San Francisco bank.

Shelley Siefert will also become the bank's president in May.

The Atlanta bank warned that some customers may experience intermittent access. A routine system upgrade gone awry caused the problem.

Divido, a London-based retail finance marketplace platform provider, has raised $15 million in a Series A capital round that includes American Express and Mastercard as investors.