Banking

As part of a capital-formation bill, House lawmakers are attempting to sprinkle in a handful of provisions to ease the industry’s burden.

It ties checking accounts and cards to gaming and other apps to provide automated savings.

The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence.

The payment is likely to bring an end to the saga of the failed corporate credit unions, which began nearly a decade ago.

Declines in corporate banking and energy loans were part of the reason loan growth was light, but the Dallas bank reported strong earnings thanks heavily to fatter margins.

David Solomon is officially named as Blankfein’s successor; the British bank is under pressure from an activist shareholder to boost its stock price.

The information you need to start your day, from PaymentsSource and around the Web. Today: Link pares down its ATM bank incentives; BitPay gets regulatory clearance in New York; Amex gets in the blockchain patent game; Crypto gets a buy button.

Barclays, Morgan Stanley, True Positive and other firms are turning to the technology for simulations and problems that demand large quantities of computing power.

Bank of America’s consumer loans grew a lot. But its rivals? Not so much. The mixed results raise questions about whether BofA’s performance is a leading or trailing indicator, and if credit quality is going to be more of a problem industrywide.

The New York bank, which is part of Leumi Group in Israel, is entering a new business line after spending years improving its infrastructure.

Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.

On Mar. 31, 2018. Dollars in thousands.

On Mar. 31, 2018. Dollars in thousands.

P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp.

On Mar. 31, 2018. Dollars in thousands.

Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings.

Rather than ban screen scraping, financial institutions should improve secure account connectivity so that consumers can share data with the apps they want to use.

Succession plan could be formalized this week; bankers may be getting nervous about extending construction loans.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay pushes larger payments in ad campaign; Aeon tests palm biometric payments; Bank-led P2P grows in Russia; Mueller indictment details election hackers' bitcoin laundering.

Executives at the recent In|Vest conference discussed ways to make banks more competitive in the world of financial advice.