Banking

Bank of McKenney rebranded itself as Touchstone Bank after its merger with CCB Bankshares.

Evidence that the credit characteristics of online installment borrowers at the time of repayment are consistently worse than at the time of borrowing should be a sobering thought for lenders that have not been fully tested in a credit downturn.

Credit unions based in California, Michigan, Illinois and South Carolina have rejoined the CUSO’s fold.

The private-equity firm Cerberus Capital Management has taken a 3% stake in Deutsche Bank four months after buying a 5% stake in another German lender, Commerzbank.

Departing chairman Martin Gruenberg says the financial system is still vulnerable to unforeseen shocks; bank offers ways for customers to avoid overdraft fees.

The information you need to start your day, from PaymentsSource and around the Web. Today: People track others' spending habits on Venmo; Square Cash tests bitcoin support; Android Pay's world gets larger; N26 adds Apple Pay support; Placer adds a buy button.

As consumers’ personal information is compromised almost daily, hackers are increasingly targeting banks.

The Cleveland Fed's conclusion that U.S. consumers are typically worse off after getting online loans encountered strong pushback from industry groups and the company that provided the data.

Year to date through Jun. 30, 2017. Dollars in thousands.

Full-time equivalent, as of Jun. 30, 2017. Dollars in thousands.

Year to date through June 30, 2017. Dollars in thousands.

Lisa Cochran and Yasaman Hadjibashi bolster tech leadership in Citigroup's global bank operations.

On Jun. 30, 2017. Dollars in thousands.

On Jun. 30, 2017. Dollars in thousands.

On Jun. 30, 2017. Dollars in thousands.

Banks and their regulators quickly got back up to speed in markets hit hard by recent hurricanes, thanks in part to the lessons learned in the aftermath of Hurricanes Katrina and Sandy, a panel of regulators said Tuesday.

Only a few banks have so far integrated with Amazon’s personal voice assistant service.

The company hired Kevin Thompson, a CFO with big-bank experience, to take over its top financial post. Once a fast-growing bank, Opus has spent recent months cutting costs and exiting certain business lines.

More stringent underwriting is the likely reason banks and credit unions are seeing relatively low levels of delinquencies on car loans to high-risk borrowers.

Under changes announced Tuesday, the San Francisco company will provide a one-day grace period on overdraft fees to its direct deposit customers. It also eliminated overdraft fees on all transactions of under $5.