Banking

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"?

Citizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending.

Wings Financial Credit Union will also gain about $40 million in deposits and $10 million in loans.

The New York multifamily lender is making steady progress in a multiyear effort to reduce its dependency on commercial real estate.

Fears about regulators coming down on digital currency trading caused an epic crash in the market. But reining in this evolving asset class won't be easy.

The Stamford, Conn.-based credit card issuer saw improvement in late payments by its customers, but the pace of loan growth also slowed during the fourth quarter.

The company sold common stock to employees, existing shareholders and new investors.

The Providence, R.I., company’s results included a $317 million tax benefit as well as growth in mortgages, education and unsecured retail loans.

The information you need to start your day, from PaymentsSource and around the Web: Australia plugs into Alexa; Europe regulates processing; contactless payments in sports; and more.

Regions also saw significant increases in its point-of-sale consumer lending, even though overall loans were slightly down from 2016.

Buying Capital Bank Financial helped boost revenue by 17% in the fourth quarter, but one-time charges related to recent tax cuts dragged down the Memphis company's profits.

The Seante looks to forge its own path on GSE reform, breaking to the right of a plan from the FHFA; a new candidate to lead the CFPB emerges as its current director tells the Fed, "Thanks, we're good on funding."