Banking

Mahesh Aditya will immediately take over risk management for the U.S. subsidiary of Banco Santander, which is trying to turn the corner after several tough years on the regulatory and financial fronts.

Independent's branch network in Denver will nearly triple after it completes the $1 billion acquisition.

The bill passed by the House took a more cautious approach to relief than prior legislative proposals but has still been hailed by banking industry groups.

For many borrowers, near-guaranteed approvals and faster turnaround times are more important than the lower rates offered by banks and credit unions.

The financial technology infrastructure firm has made its first move to provide services outside of the U.S.

MapleMark Bank, which was known as First National Bank of Edgewood when it was bought by an investment group last year, will use the funds to support commercial lending and private banking.

One executive from Security Service Federal Credit Union offers tips on how his CU analyzes branch performance and how other institutions can adopt those same tools.

Seacoast in Florida slashed the time it took to make 7(a) loans within months after establishing a partnership with an online lending startup.

Lisa Frazier, an adviser to banks and startups, will succeed Steve Ellis, who is stepping down after more than three decades with the company.

A first-in-the-nation ballot initiative would give consumers more control over their personal information, but banks and other companies say that it would amount to a tax on doing business in the Golden State.

Senate Democrats want acting CFPB Director Mick Mulvaney to explain why the agency is no longer policing student loan lenders and servicers, but any impact on credit unions remains to be seen.

U.S. credit card issuers are already caught in the middle of intense debates over guns, marijuana and cryptocurrencies. Gambling on sports is next.

Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier.

The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial.

A British court throws out Serious Fraud Office charges that the bank conspired with Qatari investors to prop it up; investigators open 70 cases against potentially fraudulent cyber deals.

James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.

The Asian-American bank agreed to buy SWNB Bancorp for $77 million.

The information you need to start your day, from PaymentsSource and around the Web. Today: A big IoT project takes shape in Japan; A crypto ATM opens in Liverpool; Transactive Systems gains faster pay ground; Walmart tries to gain visibility into its resale market.

Most of Generation Z desires more robust and holistic payments management experience, making it a requirement that the financial services industry create new solutions with these preferences in mind. Technology partners and open development can help meet these needs, writes Zavida Mangaru, executive vice president of product strategy and innovation at North American Bancard.

CEO Tim Sloan said that the bank has "pulled back enough" on auto lending and is poised to grow the business again.