Banking

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.

Closing branches might be good for cost control, but it can also diminish the ability to gather core deposits. Banks with $2 billion to $10 billion of assets — which are ranked here by three-year average returns on equity — are learning this the hard way.

Paring down branches, product offerings and business lines can help banks succeed.

First Midwest Bancorp has agreed to buy Northern States Financial in Waukegan, Ill., for $91 million.

As customers increasingly research products online, they are coming to know more about a bank’s products than workers. This is a problem.

First Internet Bancorp in Fishers, Ind., which went public in 2013, could also use the capital for acquisitions and other investments.

A popular AI open-source platform with bank investors is being combined with IBM hardware and Nvidia processors in the hopes of creating high-speed, “driverless” AI.

Agency says it wants “smaller memberships to ensure streamlined discussions;” the bank hired a U.K. firm to help it better defend against cyberattacks.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon picks spots in Chicago for Go; Italy deploys interbank blockchain; Indian bank gets hit with AML fine; Another startup emerges from the U.K.'s fintech standbox.

At American Banker’s Digital Banking conference in Austin, industry leaders wrestled with philosophical questions about artificial intelligence and the rapidly evolving expectations of customers.

The agency has no plans to release general findings from an extensive review of sales practices at large and midsized banks. That's troublesome, and will only fuel the perception that it is too cozy with the institutions it regulates.

The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.

The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.

Brand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. That decision led to one of the biggest bank deals announced this year.

MEMBERS Development Company now has 60 member-owners, but plans to set a limit on that figure later this year.

The city wanted to sever its relationship with the bank, but it ran into a big obstacle.

The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention.

The information you need to start your day, from PaymentsSource and around the Web. Today: Grab's development center; Patreon acquires Kit.com to add options for creators; Visa's outage gets political; Belgiium's federated ID picks up steam.

The low-cost deposits that come with the deal for 52 Wells branches in four states should fund the Michigan company's effort to become a commercial lender.

Most big banks are launching robo-advisers to compete for a new breed of wealth management customer. The risk is that automated services will disappoint traditional customers.