Banking

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.

Digital alerts for clients aren't new, but they can still provide small banks a platform to reach new markets and appeal to younger clients.

Bank of Montreal is open to more deals with cannabis companies, as long as those firms can get past "traps" in the lender's due diligence process, Chief Executive Officer Darryl White said.

The new tax law also resulted in more than $22 million of charges at the New Jersey-based bank.

Double-digit growth in total loans more than offset higher chargeoffs and a decline in fee income at the Pasadena, Calif., company.

The online vehicle-buying program has added 250 credit union partners since 2015.

SEC, CFTC heads say cyber markets “show little or no regard” for regulation; Dimon and Blankfein say president’s policies help the economy and their businesses.

The information you need to start your day, from PaymentsSource and around the Web. Today: Arsenal signs deal with blockchain company; Connected car tech advances; Cryptocurrency M&A; First Data recruits in Ireland.

Digital channels are likely to delight customers, but poorly performing websites are a major concern, especially as these sites come under heavier traffic loads, writes Mehdi Daoudi, CEO of Catchpoint.

The New York company named two new members to its executive committee as it splits oversight of business capital and consumer banking into separate jobs.

Plans by IDT and MercuryFX to test XRP for cross-border payments are another vote of confidence for Ripple’s products.

StreetShares seeks to tap into the loyalties of military veterans, bringing together borrowers and savers through an online platform.

The addition of Bob Savino as chief product officer comes as BankMobile is poised to spin off from Customers Bancorp and merge with Flagship Community Bank.

Both proposals aim to establish institutions that would be modeled after Bank of North Dakota, the nation's only public bank.