Banking

The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president.

The information you need to start your day, from PaymentsSource and around the Web. Today: Commerzbank gets help for faster payments; China gets even tougher on cryptocurrency; Game of laundering; Lil' Flip does marketing for Fit Pay.

The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition.

The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth.

Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches.

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.

The combination of rising interest rates and increased competition from nonbank lenders is prompting many commercial real estate investors to seek better deals elsewhere.

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders.

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.

First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal.

Aggregate data from analytic and predictive modeling is helping State Employees' Credit Union improve delinquencies and other areas.

Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company.

On Mar. 31, 2018. Dollars in thousands.

On Mar. 31, 2018. Dollars in thousands.

The information you need to start your day, from PaymentsSource and around the Web. Today: More payment problems in Europe; Snapchat shuts down P2P app; Europe and U.S. ease fintech rules; Airline payments technology advance in Saudi Arabia; India delays cryptoban trail.

Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending.

The bank also agreed to pay a $5 million fine to settle allegations over how it obtained consumers' consent.

Spirit of Texas Bancshares has agreed to buy Comanche National. This would be Spirit's first acquisition since going public earlier this year.

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from?

Goldman’s next CEO pushes for more women in senior roles. Fifth Third’s program to retain new moms is working. And there’s good news and bad news at Bank of America, as it bulks up on female summer interns but pays out millions to an exec fired over sexual harassment claims.