Banking

Marianne Lake could be JPM’s eventual choice to succeed Dimon; three agencies investigating money laundering allegations against Danske Bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: Uber suffers a glitch; Mobile pay companies lean into India's gas crunch; Ripple expands; M-Pesa adds air payments; Metal P2P debuts.

The $506 million-asset GFA Federal Credit Union says it will begin accepting clients in the recreational marijuana business, making it the first Massachusetts financial institution to do so.

Olson ran a bank founded by his father in his hometown of Fergus Falls, Minn., before a long career in Washington.

As the Cincinnati bank seeks to regroup after the fatal shootings at its headquarters, the incident underscores the need for preparedness at banks and credit unions of all sizes, workplace safety experts say.

SynapseFI is engineering banking to work as digital parts that connect so easily an amateur developer could potentially build a functioning bank.

A new, 10-part podcast series examining housing blight; JPMorgan’s Jamie Dimon baits President Trump; U.S. Bank returns to small-dollar lending; and more from this week’s most-read stories.

First Busey is buying a bank with a large securities portfolio, whose size would be easier to adjust than traditional bank assets as it seeks to stay below the $10 billion mark.

Apple Federal Credit Union and Envision CU are the latest to be targeted in a growing trend as plaintiffs go after credit unions alleging deceptive overdraft practices.

Small banks and credit unions are searching for a high-tech edge over big-name financial institutions, and Amy Gililland at the technology firm Kasasa says it’s a goal that is within sight.

Acquiring fintechs can be a smart way for banks to access needed tech talent, but they must be careful not to stifle innovation in the merger.

Speaking at an investor conference in New York, John Shrewsberry addressed a recent media report saying regulators had rejected Wells Fargo’s restitution plan for overcharged auto customers.

Policymakers are right to re-examine the industry’s exemption and the unfair competitive advantage it provides.

This is the second such pact the Great Lakes State has entered in order to make interstate branching for state-chartered credit unions more accessible.

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

Goldman’s next CEO names a new president and replaces the CFO; insurance giant shares remain at a 25% discount to book value.

The information you need to start your day, from PaymentsSource and around the Web. Today: Ant denies spying on Equifax; Mt. Gox investors may get refunds; U.K. needs corporate help with payment project; European regulators approve harsh penalties for payment crime.

Four lenders, led by Sallie Mae, have long dominated the market for private student loans. But they could soon face new competition from Navient and Nelnet.

“Who’s to know when the economy may turn?” the head of the Alabama bank said in describing its weak business-loan growth as the byproduct of cautious pricing and underwriting.

The Delaware company said it recouped nearly two-thirds of the costs it incurred as part of a legal settlement reached earlier this year.