Banking

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.

The agency's bulletin opens the door to banks' making more short-term loans to borrowers with lower credit scores — with few parameters beyond "sound underwriting."

Small and midsize businesses (SMBs) are adapting to digital payments technology at slower speeds and for different reasons than larger enterprises. Cash and checks still account for almost half of all SMB payments, and SMBs have lagged behind other merchants in the U.S. shift to EMV technology.

A major study recently named the $2.5 billion-asset CU the No. 1 performing credit union in California.

Senior executives from Barclays, Bank of America and other big banks urged women to aim high, take chances on challenging jobs and — perhaps most important — provide support to other high-performing female colleagues instead of viewing them as a threat.

With the acquisition Timberland would add $187 million in assets in the Puget Sound area.

The Indiana company agreed to pay $101 million for the $586 million-asset First Security.

The bill heads to President Trump for signing; U.S. banks earned an aggregate $56 billion in the quarter, including a boost from tax reform.

The information you need to start your day, from PaymentsSource and around the Web. Today: Grab develops e-wallet in Malaysia; Argentinian bank expands bitcoin acceptance; Mastercard supports solar energy payments in Africa; Tech group accuses banks of slow walking data sharing.

As alternative apps and fintechs make progress on mobile payments and digital finance, banks will need to turn to third parties and partnerships to stay relevant, writes Paul Wilmore, chief marketing officer of Barclays U.S. consumer business.

The bank found that mixing personal finance management with positive reinforcement allowed it to appeal to younger customers.

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.