Banking

The central bank's rule-writing workload is expected to remain busy for the foreseeable future, thanks in large part to enactment of the recent regulatory relief bill.

C.G. Kum, who has been the Los Angeles company's CEO the past five years, plans to retire in May.

Bank of America is in expansion mode and wants to add 10,000 retail and other workers who better reflect the communities it serves.

Wells Fargo on the receiving end of USAA's long-standing intellectual property threat; millions are mad about Erica, Bank of America's virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week's most-read stories.

Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.

The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details.

Starling's Anne Boden and Mastercard's Ann Cairns have a similar warning for the banking and tech sectors. Facebook scolds activist investor Natasha Lamb for being "not nice." And some big Most Powerful Women moves, as Catherine Keating takes a new CEO job and Kathie Andrade exits TIAA.

Cadence first discussed a deal with the Atlanta target four years ago. But negotiations picked up steam once it was clear State Bank had another suitor.

Approval rates for small-business loan applications were up at small and larger financial institutions as the labor market continued to improve.

The settlement applies to customers who had accounts opened without their consent over a 15-year period beginning in May 2002.

To be future-proof, banks need data scientists, behavioral psychologists, experienced designers and community advocates, Brett King says.

Of all the types of malicious software targeting businesses, ransomware continues to be one of the most pervasive, according to recent studies. Here's an overview of the things banks, especially small ones, are doing to stop it.

The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside.

The acquisition will help Carolina Trust expand its operations around Charlotte.

The Canadian company's ambitions include opening a commercial banking office in Dallas and beefing up lending to the technology, construction engineering and the health care sectors.

The new chair of the Conference of State Bank Supervisors argues that state regulators will keep protecting consumers if the CFPB curtails oversight.

Largest banks would be limited on how much risk they could have with each other; the credit bureau has hired the former head of the computer giant's Watson unit.

Readers respond to a bill designed to modernize the anti-money-laundering rules, applaud the acting head of the CFPB’s decision to fire the members of the bureau’s advisory councils, opine on when a bank ought to communicate it has been hacked and more.

The information you need to start your day, from PaymentsSource and around the Web. Today; Amazon's rivals work on cashierless store; PayPal cuts fees in Ireland; Ripple says a full DLT is still on the way; William Shatner endorses a solar cryptomining company.

With plenty of cash on hand, many commercial firms have had little need to tap existing credit lines.