Banking

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.

Goldman's lending and deposit-taking division gets a new chief, while its EMEA head take's responsibility for Goldman's business outside North America; SunTrust's website and mobile app down for second day.

Organizers of Watermark Bank aim to open early next year.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon Go expands to Chicago; A $6.2 billion swipe-fee settlmenet; Six takes mobile to the sea; Contactless grows quickly in Europe; Singapore unveils master QR code.

Carey Halio, who becomes CEO of Goldman Sachs Bank USA next month, wants to sustain its drive for consumer deposits and add products that make it more of a primary bank for customers.

The storm dumped a record amount of rain on North Carolina over several days. Some sections of the coast remain off limits due to flooded highways.

The bank chalked up its outage to "a normal system upgrade that experienced technical difficulty."

Halio has served as chief financial officer of Goldman Sachs Bank USA for the past four years, and she previously worked in the company’s credit risk division

A sluggish business climate and few M&A opportunities freed up midsize banks to invest in better tech systems and services, says Regions Chairman Grayson Hall.

On Jun. 30, 2018. Dollars in thousands.