Banking

What's an industry challenger to do when it gets a lot of competitors of its own? Ally's Diane Morais has a plan. Heather Cox has inserted technologists into USAA's business lines, and outgoing Fed Chair Janet Yellen has achieved rock star status.

The Indiana-based credit union is scheduled for a Sept. 2018 core conversion.

Kevin Tylus had been CEO of Royal Bank, which Bryn Mawr recently bought.

Amalgamated's purchase of New Resource Bank is part of a broader strategy to enter more U.S. markets.

Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities.

The information you need to start your day, from PaymentsSource and around the Web. Today: FCC ends net neutrality; Gemalto turns down takeover offer; Australian central banker's bearish on bitcoin; Miami condo sale will only take bitcoin.

The company also said it is likely that tax reform legislation being considered by Congress would substantially reduce the valuation of its deferred-tax asset.

The company, which had recently expressed confidence that the issue would be resolved, agreed last month to buy a bank in Florida.

Lenders on the fringe of the financial industry are now pitching a solution to bitcoin investors in need of funds but wary of cashing in: loans using a digital hoard as collateral.

The holding company structure makes sense for large banks with complex business models and small banks looking to bulk up through acquisitions. But for a large swath of banks in the middle, the benefits are harder to spot.

On Sep. 30, 2017. Dollars in thousands.

On Sep. 30, 2017. Dollars in thousands.

A bull market and investor appetite for bank stocks are spurring more mutuals to consider partial conversions.

The move will impact more than 800 credit unions.

Maria Zuber, who oversees research administration and policy at MIT, has been appointed to the board's enterprise risk and corporate governance committees.

Some firms are investing in technology to help insurance clients shift to paperless payment processing.

The Federal Deposit Insurance Corp. has forged a pact with the European Union-based entity that handles failed-bank cleanups to share information and collaborate on planning for cross-border resolutions.

Ken Veccione, who rejoined the Arizona company earlier this year, is set to succeed Sarver.

Departing central bank chief says colleagues are committed to strict bank regulation; marketplace lending not living up to promises as delinquencies continue to rise.

The information you need to start your day, from PaymentsSource and around the Web: Patreon cancels new fee policy; Coinbase's board adds David Marcus; Mobile pay does the laundry; Japanese company allows bitcoin salaries; Banks team for sustainable supply chains.