Banking

The South Carolina company also provided a timeline for heightened regulation tied to crossing the $10 billion asset threshold.

Millennials are more bank-savvy than they’re given credit for, according to a new survey sponsored by Bank of America.

Record net interest income, helped by a 22-basis-point gain in net interest margin, boosted quarterly results in spite of declining fee income.

Net interest income climbed nearly 16%,, though overall profits declined as the Columbus, Ga., company paid down debt and took a one-time charge related to the new tax reform law.

Bank will add 400 branches and boost mortgage lending; the company attempts first acquisition since it nearly failed during the financial crisis.

The information you need to start your day, from PaymentsSource and around the Web. Today: Researcher finds a potential vulnerability at Uber; Visa bolsters executive ranks; Grab adds tech for bike sharing; The impact of PSD2.

Dan Kimerling, founder of Deciens Capital, explains why it would make sense for U.S. banks to accept open banking.

The Illinois company reported strong loan growth, an wider net interest margin and a one-time net tax benefit of nearly $8 million tied to recently passed tax reform.

As customers become more tech-savvy, the bank said it no longer needs to prod them to use its digital products by offering discounts. Account holders can avoid fees by enrolling in direct deposit.

Between the increasingly common threat of government shutdown and post-9/11 security nixing walk-in traffic, is it still worth it to have branches inside federal buildings?

There were no sighs of relief from bankers, who realize their planning could still prove useful as the potential for another shutdown looms.

The online lender is integrating itself with several popular software programs to provide lending as a service. It’s an open-banking road map for skeptical banks.

MSD Capital, which manages the assets of Michael Dell, and Endicott Management will pay $141 million for a 15% stake in the U.S. unit of Israel's Bank Leumi.

The Honolulu bank reported strong loan growth in the fourth quarter, but one-time charges related to the new tax law suppressed its profit.

Anthony Noto may be SoFi’s next CEO; manager is quietly let go following an internal investigation into alleged sexual misconduct.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon Go opens in Seattle; CBA adds voice payments; Instant payments advance in France; SEC targets cryptocurrency manipulation; Why is a consumer group attacking lower ATM fees?

Look for banks to boost dividend payouts, expand into new markets, increase their tech spending and, eventually, ramp up their C&I lending. But don't expect much in the way of M&A.

Wells may have settled with former employee Claudia Ponce de Leon because it wanted to avoid the "massive exposure" of a jury trial, an expert says. It is unclear how the agreement will affect Wells’ other cases.

From interest-free loans to deferred payments and penalty-free certificate withdrawals, here's how credit unions are gearing up to help members impacted by a government shutdown.

Wells Fargo joins the list of banks recently hobbled by tech outages. Is there a better response than "Sorry for the inconvenience"?