Banking

An activist investor, which opposed two director nominees, failed to obtain the legally required approval from the Seattle company's state bank regulator before launching its challenge.

Earlier this month CO-OP sold off seven branches in the Detroit area.

The NCUA board is considering adding as many as two additional payday alternative loan options for credit unions, and regulators have clarified a rule on severance claims after involuntary credit union liquidations.

A chunk of alternative loan customers are perfectly creditworthy, a report from the credit bureau shows.

As President Trump signed the regulatory relief bill into law on Thursday, most of the attention was on a provision to help regional banks with more than $50 billion of assets. But a majority of the new law is aimed at helping institutions below $10 billion. Here's how.

A competitive job market and improved security protocols are pushing more banks to consider letting employees work remotely.

It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it.

The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations.

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.

Otting wants banks to make small loans to consumers; the German bank will reduce headcount by at least 7,000.

The information you need to start your day, from PaymentsSource and around the Web. Today: Hyundai collaborates on car pay tech; Fintechs take another crack at cryptocurrency payments; A fifth of Americans think cash payments will fade fast; Paytm puts a financial inclusion army in the field.

Moody’s lead analyst Fadi Massih shares what he looks for when deciding how to rate banks, including traits that could help them withstand fintech competition.

Venu Krishnamurthy is joining the asset management giant at a time when it is reorganizing itself and tinkering with product offerings to ward off fintechs and other challengers.

Farmers & Merchants Bancorp is looking for a successor for Paul Siebenmorgan, who has been its CEO for nearly 15 years.

A recent wave of high-premium acquisitions, paired with sweeping regulatory reform, is setting the stage for more large-scale M&A.

One credit union analyst said CUs that choose to stay away from legal marijuana banking could be inhibiting their own potential for growth.

At least two cryptocurrency companies, Coinbase and ivyKoin, have talked to federal regulators about obtaining a bank license, but there is skepticism that it will happen. Here's why.

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.

Union Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.