Banking

Payouts on Wall Street averaged $184,000, following only 2006’s record high; ethics office eying $500 million of real estate loans made to Trump son-in-law.

The information you need to start your day, from PaymentsSource and around the Web: Venmo's new privacy policy; Alipay's boss on blockchain; Jet.com's new president; and more.

The latest Credit Union Trends Report from CUNA Mutual Group predicts robust membership growth in the year ahead and sustained lending growth due to positive economic factors.

The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG Americas has expanded middle-market lending and amassed $3 billion of consumer deposits through its new online bank. Is a splashy acquisition next?

The bank on Monday launched a loyalty and rewards program aimed at small businesses.

On Dec. 31, 2017. Dollars in thousands, except for average loan amount.

On Dec. 31, 2017. Dollars in thousands.

The biggest legacy of the current regulatory relief effort may be the increasing focus on whether organizing banks in supervisory buckets by asset size makes sense. Yet the bill deals with just one of the two big asset thresholds in the law.

Denizen is designed for expats and migrants to receive money and make payments without international transfer fees or currency exchanges.

The San Francisco-based online lender reported a net loss of $115 million for 2017, more than half of which was connected to warrants issued in a deal that stabilized the struggling firm.

HSBC is letting artificial intelligence software predict the types of reward offers card customers prefer. It's driving up response rates in marketing tests, but the process raises privacy and other issues.

Mid-Southern Bancorp could use proceeds to make more loans or to pursue acquisitions.

Governments are studying ways blockchain can safeguard property records and simplify how they get tracked.

The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses has been arrested in Spain.

San Francisco Fed chief is reportedly leading candidate to replace Dudley in New York; four senior officers to retire as OCC readies penalties against the bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: Santander embraces contactless giving; Long Island Blockchain invests in a financial institution; China nudges toward virtual currency; Amex acquires mobile pay firm Cake; Steven Seagal-backed virtual currency faces political heat.

An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.

Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana suppliers and distributors.

Attorney General Jeff Sessions made headlines in January when he tightened federal marijuana enforcement. But the good news for financial institutions looking to service the pot industry is that the rest of the government has responded with a shrug.

A judge in North Carolina granted a request by First Citizens to block KS Bancorp from enacting a shareholder rights plan.