Banking

"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns.

Aquesta Financial Holdings expects to record a post-tax gain of $1.7 million from the sale of its insurance business.

A decades-old Fed charter could help banks develop new cooperatives to combat economic inequality.

The deal is designed to improve capital ratios and reduce risk at the Seattle company.

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion.

Theft and money laundering are both thriving in the crypto world, according to a report released Tuesday by CipherTrace.

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal plans further expansion in India; Oracle picks Brussels for tech hub over London; Amex and Concardis add new payment executives; Russian military plans to use blockchain for security.

FutureFuel.io CEO Laurel Taylor and Edmit.me CEO Nick Ducoff discuss approaches to helping students repay their loans and make good debt decisions.

A Chicago bank isn't afraid of taking on competitors that spend billions on technology. A state regulator is afraid of giving fintech startups too much latitude. Yet another one of our Most Powerful Women retires. Plus, blockchain's leading ladies, the fallout from a big political upset and a tool to help you stop apologizing.

The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.

Joel Tucker is the brother of Scott Tucker, who in January was sentenced to 16 years in prison for perpetrating an unrelated payday-loan scheme.

Turnover of chief risk officers is on the rise as CEOs look to add executives whose experience goes far beyond assessing credit risk. Sometimes they are promoting from within, but often they are poaching talent from rival banks.

Chris Furlow, who was a founding staff member at the Department of Homeland Security, is now the president and CEO of the Texas Bankers Association.

The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.

While there are many reasons consolidation has slowed in the Keystone State over recent years, several factors in play could lead to a resurgence in activity.

A new standard would make financial apps work together the way iPhone apps do. Twelve large banks, including JPMorgan Chase, Morgan Stanley and RBC, are already using it.

Some industry officials are offering rosy projections about the future of banking, but institutions that follow that logic may find themselves overextended in the next downturn.

Union Bankshares in Virginia sold Shore Premier Finance, a business it inherited from a recent acquisition.

The bank can pay out 40% more than it is expected to earn; the German bank’s stock slide may lead to its removal from a major European bank index.