Banking

MidSouth Bancorp in Lafayette, La., has appointed one of its regional executives to the newly created post of chief banking officer and moved to appoint a veteran turnaround banker to its board.

Many low-wage employees continue to be paid by paper check. WiseWage has built an online portal on the idea that workers and their employers have a shared interest in electronic paychecks.

How politics, corruption, population growth and new technology are reshaping banking in Central and South America.

High credit scores are good and low ones are bad -- but serving either sector comes with some unique challenges and opportunities. Here's what you need to know.

The widespread nature of the threat (most computer chips are vulnerable) and the reality that banks are always juicy targets mean bank officials must take a series of protective actions as soon as possible.

A key part of Well Fargo's Camels score was reduced, reflecting concerns about its management; Morgan Stanley, Deutsche Bank join the list of banks taking writedowns for deferred-tax assets.

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa suspends WaveCrest cryptocurrency payments; Fintech investment in the U.K. jumps; U.K. regulator adds tech expert; Facebook considers blockchain; VC investment in cryptopayments.

How new developments on many fronts are going to affect the banking business in the coming year and beyond — and what bankers can do to prepare.

The Wash.-based credit union, which serves about 1,130 members, has signed with CU*NorthWest

Dueling blockchain stories — one arguing it was virtually useless, the other saying it could change real estate lending — seized the top spots this week, while readers also focused on tax reform aftermath and a key Senate retirement.

Consumer Financial Protection Bureau complaints dropped last year for most of the big banks, including Wells Fargo, though they rose sharply at Capital One.

Banks have been in full cost-cutting mode in recent years, but with profits expected to increase substantially as a result of tax reform, all analysts and investors want to know is how they plan to spend their tax savings.

Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.

Overstock CEO and Wall Street gadfly Patrick Byrne wants to create a market free from trading practices he has long decried.

Several women are viewed as possible successors for a retiring William Dudley. Pam Codispoti has plans to up the millennial appeal of Chase’s 5,200 branches. What’s hot in fintech for 2018? Plus, the year of #MeToo in review.

SunTrust and First Republic are taking benefits they offer to their workers, such as financial wellness training and student debt repayment, and extending them to corporate clients as benefits they can offer to their own employees. In doing so, they are strengthening relationships with valuable commercial customers.

The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.

The company will also record a charge tied to the impairmant of its deferred-tax asset.

Readers react to President Trump considering a credit union regulator to head of the Consumer Financial Protection Bureau, debate a delay for top banking nominees, opine on the value of blockchain, and more.

The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.