Banking

With the acquisition of Confyrm, the bank is among the few players that are putting themselves in position to sell ID authentication services to other businesses.

Whether they’re thwarting cyber thieves or building out new apps, bank chiefs say hefty tech investments are now a cost of doing business — but they have to convince shareholders.

Fiat Chrysler is expected to announce Friday that it will establish its own captive finance unit in the U.S. The move could be bad news for its lending partners.

The numbers are better but still disappointing for such a healthy economy, lamented executives from large U.S. banks. Some are scratching their heads, some are remaining upbeat about the second half of the year, and others are focusing on Plan B.

Customers at the Providence, R.I., company were unable to access their accounts, due to what a spokesman described as a "technical issue."

More than a third of banks formed from 2006 to 2008 no longer exist. Leaders of three banks still in business share their tips on how they have remained open — and relevant.

Blue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings.

It's gotten a lot harder to borrow money from the raft of fintech firms looking to bring online lending into the mainstream.

Stock Yards Bancorp in Louisville, Ky., has named James Hillebrand as its next CEO when David Heintzman retires later this year.

The authentication software and hardware provider is shifting its focus to identity verification and account onboarding, another sign that the newest generation of bank customers is not interested in coming into a branch to set up an account.

A broader cross-section of hires and added training could help financial institutions avoid problems with algorithm-based discrimination in lending.

Seneca-Cayuga Bancorp wants a limited-use charter to maneuver around a New York law that bars mutuals from working with municipalities.

The information you need to start your day, from PaymentsSource and around the Web. Today: Breach at Canadian banks; Indonesian post office offers remittance; Ripple's cross-border tech picks up speed; Fifth Third collaborates on AI to improve merchant services.

The S&P 500’s financials sector drops more than 3%; former Amex chief’s venture capital firm is backing a credit scoring company.

Despite Tuesday's blip, many banks have seen double-digit gains in the months since the Dodd-Frank reform law was unveiled. There's good reason to think the run-up will continue.

The company will also acquire three branches in Worcester County, Mass., when it buys the parent of Milford National Bank and Trust.

Seventeen banks and 15 credit unions are among this year's winners of the "America Saves Designation of Excellence" for helping consumers build personal savings.

Hoot Credit Union in Bolton, England is celebrating having made its 10,000^th loan to members recently.

The recent outcry over government use of Amazon's facial recognition software will force TD Bank, USAA and others to confront flaws in the technology that make it harder for women and minorities than white men to use mobile banking.

Year to date through Mar. 31, 2018. Dollars in thousands.