Banking

Banks are putting the concept of securities lending on a blockchain-inspired platform to the test.

The Seattle company invalidated the proposal by Blue Lion Capital, claiming it fell short of its bylaw requirements.

The Seattle company first disclosed an issue in September, when it withdrew an application to buy Anchor Bancorp.

Given the rapid pace of change across the industry, it’s wise for banks to focus on improving customer service rather than chasing the strategies of their rivals.

First Jersey is the second federally insured CU to be liquidated this year.

Sure, banks are closing more branches than they are opening, but many still view them as important channels for selling products, dispensing advice and gathering deposits. Here's a look at banks large and small that are opening branches (or, in Capital One's case, cafes) in new markets.

Regulator asks three banks for information on dealings with president’s son-in-law; Both interfered with the bank’s investigation into an executive’s behavior.

The information you need to start your day, from PaymentsSource and around the Web. Today: New Russian mobile wallet; Canada considers open banking rules; Messenger payments expand in Africa; Nacha and IFX cooperate on API standards; Amazon buys Ring.

There are ways to add revenue without ruffling features, behavioral economist Wei Ke explains.

Financial companies that derive most of their revenue from online and mobile channels have substantially higher fraud costs than do similarly sized companies that rely less on the internet, according to a new report.

The $12 million settlement forced WSFS to reduce its fourth-quarter earnings.

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial strategy of the client and how badly the bank needs that client.

Camden R. Fine and the Independent Community Bankers of America would be better off if they spent more time protecting community banks and less time attacking credit unions.

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued.

“Why we think we know better or how to protect consumers in your state surprises me,” acting CFPB Director Mick Mulvaney told a group of state attorneys general. “I don’t think we’ll being do much of that anymore.”

Members at the Indiana-based credit union have won nearly $18,000 by participating in Save to Win, which rewards members who save money with the credit union.

A look back at some of the highlights from the Credit Union National Association's 2018 Governmental Affairs Conference.

Iowa lawmakers are considering a bill that would lower taxes for banks and impose a franchise tax on credit unions. The move could be a bellwether for other states looking at similar measures.

A better camera should mean more accurate facial recognition. Will it spur more banks to embrace the technology?

Kathleen Henry and Steven Antonakes have been named to the bank's management committee.