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Investors, a former serial acquirer that has been sidelined by an informal order tied to Bank Secrecy Act compliance, has hired an executive from EverBank.
February 7
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The information you need to start your day, from PaymentsSource and around the Web. Today: Visa-funded study says cities can save by dumping cash; Jackpot attackers face charges; Patreon goes behind the scenes; A new phishing attack emerges.
February 7
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The SEC and CFTC ask Congress to expand federal oversight of cryptocurrency trading; the recent wild swings in financial markets may boost first quarter trading revenue.
February 7
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"Ring-fencing" is designed to reduce risk, but will lead to major changes in transaction infrastructure and open a temporary door for fraudsters, according to Marcus Hughes, head of strategic business development at Bottomline Technologies.
February 7
Bottomline Technologies -
At least eight banks are in various stages of formation, including two that have opened. While that is nowhere near the de novo activity of the early 2000s, it's a positively brisk pace compared with the standstill that existed for many years after the financial crisis.
February 6
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Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit.
February 6
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The results suggest that even as financial institutions implement more sophisticated fraud-mitigation techniques, they have not been keeping pace with criminals.
February 6
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Its small, locally owned banks were as decimated after the crisis as in any big city. But community bankers say changes to the economy and their lending practices offer them a shot at challenging the big banks that dominate their market.
February 6
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The acquisition of Coker Capital Advisors would be the fifth nonbank deal for the Cincinnati company in the past year.
February 6
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Shares drop nearly twice as much as other bank stocks and the broader market; agency denies it’s looking to end the investigation into last year’s data breach.
February 6
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The information you need to start your day, from PaymentsSource and around the Web. Today: A cryptotown in Puerto Rico?; Nigel Green launches cryptowallet; Singapore Airlines debuts new loyalty program; Interac reorganizes.
February 6
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It is unclear whether the Consumer Financial Protection Bureau is abandoning its supervisory oversight of Equifax or just taking a back seat to the Federal Trade Commission as the latter investigates the credit bureau.
February 5
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If the Fed order is lifted quickly — a big if — then the impact on Wells should be minimal. But if it lingers past 2018, then the bank could find itself on the losing end of the battle for customers and top talent.
February 5
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Credit standards for commercial loans to medium and large firms showed some signs of easing over the last three months of 2017, even though demand stayed relatively unchanged.
February 5
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Overstock will offer automated investing to its millions of shoppers. Some financial advisers reacted with a shrug, but are they underestimating the move?
February 5
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A Georgia Supreme Court case sheds light on the lengths that the often assailed industry has gone to shape policy outcomes. It also raises the question of whether, in evaluating industry-funded research, it is enough to assess the published study itself, or if it is necessary to dig deeper.
February 5
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The $269 million credit union will now serve York County in addition to Cumberland County
February 5
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Several banks suffered fourth-quarter hits when they reduced the value of certain energy investments. Still, renewable energy could remain a viable business thanks to other benefits embedded in the tax law.
February 5
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Urban FT has acquired Digiliti, a troubled developer of mobile banking app technology, and will integrate its services into its white-label banking platform.
February 5 -
On Sep. 30, 2017. Dollars in thousands.
February 5
