Banking

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.

On Sep. 30, 2017. Dollars in thousands.

On Sep. 30, 2017. Dollars in thousands.

On Sep. 30, 2017. Dollars in thousands.

On Sep. 30, 2017. Dollars in thousands.

Scholarship programs for high schoolers and college students can also promote banking as a viable career option and serve as a channel for bringing in new business.

On Sep. 30, 2017. Dollars in thousands.

The company more than doubled the total number of transactions it performed for credit unions in 2016, driven in large part by its acquisition of TMG in April

While Zelle is working hard to become the Venmo for grown-ups, it is also pushing into retail payments, particularly in opportunities for displacement of cash and check and where funds are needed in minutes rather than days or weeks.