Banking

Financial institutions are sharing more information with third parties these days, but they must be cautious about it.

Tim Russi played a key role in the company’s transition away from its once-close relationship on General Motors. He will be succeeded by Doug Timmerman, a 32-year Ally veteran.

Consumers around the world are increasingly accessing banking solely through digital means, according to new global studies by Oracle and the World Bank.

The Waterbury, Conn., company also posted a double-digit gain in net interest income thanks to a 7% increase in commercial loan balances and a widening net interest margin.

Banks struggle to make their websites and apps a destination rather than a utility. Analyst Jacob Jegher offers some ideas for building digital relationships.

The Arkansas company's revenue increased largely due to its 2017 purchase of Stonegate Bank.

Spread income offset higher expenses during the first quarter at the Maryland bank.

Sussex Bancorp, which recently completed its first whole-bank acquisition, is rebranding itself as SB One Bancorp.

BancorpSouth, which had two prior deals delayed over BSA and CRA issues, has agreed to buy a bank in the Houston area.

The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million.

The company will merge with Kentucky Federal Savings and Loan by the end of this year.

The Cleveland company's acquisition of a boutique investment banking firm contributed to an increase in its fee income.

Premier Financial agreed to buy First Bank of Charleston for $33 million.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon's folding Whole Foods loyalty program into Prime; Mastercard and Visa plan a new payments button; Google Pay extends to private jets; Snapchat adds shopping; Supply chain tech expands in Africa; TranserWise joins the U.K.'s faster payments program.

Bill to end the guidance intended to fight discriminatory lending now goes to the House; card company’s push to make more loans to customers pays dividends.

The New York bank said it wrote down each taxi medallion loan to a value of $160,000. At their peak, New York City medallions were worth well over $1 million.

During an appearance on the CBS "Evening News" Wednesday, CEO Jamie Dimon unveiled new details about the first leg of the New York company's recently announced, multicity branch expansion.

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank.

Results were also aided by strong growth in residential construction, commercial and equipment financing.

The Florida-based credit union service organization's 2017 dividend was nearly 20% higher than what it paid out for 2016.