Banking

Davis, who stepped down as CEO a year ago, will retire as the company's chairman and as an employee at the end of 2017. Umpqua will then become one of the few publicly traded banking companies with a female chair.

We never promised the news would be good for all these community bankers, and it wasn’t. One couldn’t stop a failure, and another quit soon after an acquisition. The rest have their banks at different points on the comeback trail.

Giving back to the community is ingrained in the credit union philosophy, but the holiday season provides the movement with a good reason to go the extra mile. Here's a look at how CUs across the country are celebrating the holidays.

Is it a bubble? Is it a fraud? There are many ways to look at the highly volatile bitcoin, few of them banker-friendly.

Both in dollar and transaction volume, credit card use is growing at a faster pace than debit use. Much of the growth is coming from affluent consumers who value rewards like 2% cash back on purchases.

It was a good year for CIT’s Ellen Alemany and JPM’s Sandie O’Connor, but Arjuna Capital’s Natasha Lamb hopes next year will be better. Mary Mack gets a bigger role at Wells Fargo, and Zoe Cruz gets a new one at Ripple. Plus, is Harvey Weinstein really Meryl Streep’s fault?

In a long-standing tradition, Credit Union Journal asked IT professionals to share the new things they’d like to have to help them have a successful new year. From data centers to more staff, their technology wish lists will keep Santa plenty busy.

The information you need to start your day, from PaymentsSource and around the Web: CFPB's postponement for prepaid; Walmart tests cashierless stores; face ID for food; and more.

Bank allegedly “seriously breached” anti-money laundering rules; mortgage agencies will be permitted to retain $3 billion capital buffer.

Analytics can customize experience for consumers and allow consumers to customize the experience for themselves, writes Matt Wilcox, senior vice president of marketing, strategy and innovation for digital banking at Fiserv.

Readers sound off on Mick Mulvaney’s plan to hire political appointees at the Consumer Financial Protection Bureau, question what’s behind the failure of Washington Federal Bank for Savings in Chicago, react to an argument that Equifax must endure, and more.

The famed investment bank is set to become the first major Wall Street bank to make markets in digital currencies such as bitcoin.

Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era.

Banks are looking for ways to capture and retain deposits as interest rates rise, including promotional offers and focusing on relationship banking.

The acquisition will give LCNB its first branch and deposits in the Columbus, Ohio, market.

Provident Financial Holdings in Riverside, Calif., announced that it expects to record a $650,000 litigation charge to settle two more long-running lawsuits related to overtime compensation.

The company has registered shares that three private equity firms have held since early 2010.

The wealth management firm Boston Private has agreed to sell Anchor Capital Advisors to Anchor’s management team.

Though Marlene Caride has no direct experience in the banking industry, she could play a key role in carrying out Governor-elect Phil Murphy’s pledge to create a public bank in the Garden State.

Jones, who was CFO until last year, succeeds Robert Wilmers, who passed away unexpectedly last week.