Banking

The Japanese cryptocurrency exchange Coincheck says roughly $400 million of the digital currency NEM was stolen. If banks and others are to invest in the digital-asset industry, it will have to do better.

Reps. Elijah Cummings and Jimmy Gomez, both Democrats, questioned why B of A would stop offering accounts that are popular with low-income consumers when it stands to reap huge financial benefits from recently passed tax cuts.

Bank of America employees force harassment charges against Omeed Malik out in the open, raising questions about how departures like his are handled. Plus, Jessica Chastain sets an example, and Larry Nassar's group of enablers needs to be made into one.

Meta Financial expects to originate $500 million to $1 billion in personal loans as part of a three-year partnership with Liberty Lending in New York.

The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure.

The Florida company reported increased net income even though its loan pipelines and production were hurt by last year's storms.

The Seattle company, which is gearing up for a proxy battle with Blue Lion Capital, appointed a former U.S. Bancorp executive to fill a board vacancy.

Ameris would gain 24 Atlanta-area branches in the $406 million deal.

Several banks won’t process cybercurrency transactions while others are reviewing their policies; agency promises flexibility to lenders.

The information you need to start your day, from PaymentsSource and around the Web. Today: Ken Chenault joins Airbnb's board; Payoneer goes green; 50 Cent's a bitcoin millionaire; India draws more fintech attention.

Readers weigh in on how Mick Mulvaney is remaking the Consumer Financial Protection Bureau, chime in on JPMorgan’s plans to roll out more branches, react to fee income trends and more.

Earnings at the Santa Clara, Calif., company were boosted by a 16% increase in lending and gains on the company's investments in Roku.

Mick Mulvaney and Richard Cordray set themselves apart from the run-of-the-mill Beltway bashing of late when their war of words over the CFPB went positively bookish.

Despite the increase in loan demand, the New Jersey company swung to a loss in the quarter as it devalued its deferred tax asset.

Ideal CU puts emphasis on digital strategy, Veridian taps new branch manager and more CU professionals in the news.

The bank tweeted that website and mobile app service were restored after an outage that lasted much of the day.

David Nelms said that many digital lenders do not understand how to underwrite personal loans properly, and he took a dig at their lack of profitability. The upstarts say their industry's ability to attract capital speaks for itself.

Marathon International Bank would target the Ethiopian community with specific advertising and educational programs.

The hunt for solid credit card customers is driving issuers to try creative new approaches, including digging deeper for good prospects who fall outside the usual parameters of U.S. credit scoring models.

Nano Financial will offer new technology to Commerce Bank's commercial customers as it considers ways to license it to other financial institutions.