Banking

The Mobile Act would allow financial institutions to scan or copy a customer’s photo ID when opening an account remotely, while another bill contained provisions that would protect bankers from lawsuits if they report suspected elder financial abuse.

Retracting an Obama administration policy that shielded banks servicing marijuana companies threatens financial firms and makes the pot industry too reliant on cash.

The credit union’s members want products to help with cash flow, working capital and business expansion

The results included a $222 million goodwill impairment charge and other one-time items.

The bank said it plans to use proceeds from the placement to expand its operations.

Federal Home Loan banks have significantly increased their lending to large financial institutions in the post-crisis years, but it’s doubtful this activity will create undue systemic stress because it has displaced other, riskier forms of bank funding.

The company will add $600 million in assets under management when it buys a Roanoke, Va., firm.

JPM CEO is expected to remain at the bank for another five years; Michael DeVito had been serving on an interim basis since his predecessor was fired late last year.

The online lender to small businesses is expanding its business deeper into traditional banks’ territory with larger loans.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon, Buffett and JPMorgan Chase team on health care; VoiceLabs launches new retail tech; Lenovo fixes a security gap; Card fraud's wide impact; Young people struggle with passwords; UnionPay adds to its mobile reach.

Speculation has existed for a while that JPMorgan Chase could be the first of the megabanks to name a woman chief executive, but the elevation of executives Daniel Pinto and Gordon Smith to co-presidents and co-COOs seemed to put them in the lead to succeed Jamie Dimon.

The divestitures are necessary to get the Justice Department to sign off on First Financial's $1 billion purchase of MainSource Financial.

The Alabama bank has named one of its own to head up the company’s property and casualty insurance business, and it has made a key hire in its health care banking group.

The credit union saw net income of nearly $3 million during Q4 and more than $11 million for the year.

Long called the bread and butter of credit unions, auto lending will remain a key offering, but a number of factors could point to a slowdown in the year ahead.

The Texas company will gain four branches and $160 million in loans after the acquisition closes.

Bank of America has signed leases on its first three branches in the Steel City, part of its retail business' expansion into new markets.

AriseBank said it was the first crypto platform to buy a traditional bank. But there’s no evidence it did anything of the kind — and its founder now says it has been raided by the FBI.

The Dallas company has agreed to sell its health care lending group to an undisclosed buyer.

On Sep. 30, 2017. Dollars in thousands.