Banking

The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas.

The winners will be recognized in February at a dinner held in conjunction with the 2018 CUNA Governmental Affairs Conference in Washington.

As many as a dozen financial institutions are deploying IBM’s Watson to search for signs of employee misconduct so they can avoid a Wells Fargo-size scandal. But the legal and technical limits of its use are major issues.

BBVA has launched a new mobile app that is designed to help people in the U.S. send money to friends and family in Mexico — more quickly and cheaper than traditional remittance methods.

Readers weigh in on how women can advance in business, the regulatory playing field for banks and nonbanks, the CFPB's payday loan rule, ATM withdrawals made through mobile wallets, and more.

CU Journal's annual awards recognize new innovations that have demonstrated concrete results, giving readers a host of great ideas to use.

Minorities are more likely to turn to a financial technology firm than a bank when seeking a business loan, but they may pay higher interest rates, according to the preliminary results of a congressional investigation released Monday.

Howard Bancorp CEO Mary Ann Scully was so keen on buying 1st Mariner that she met with a representative of one of the Baltimore company's three largest shareholders before meeting with management, and she kept talking with them. It worked.

While fintech companies have helped change our understanding of what is possible in financial services, disruptors have largely ignored an important user base.

Along with increased efficiencies, one branch has seen membership nearly quadruple in less than a year.

Best Practices Awards offer a wealth of field-tested ideas to improve your credit union.

The information you need to start your day, from PaymentsSource and around the Web: Equifax may lose its IRS contract; A cheaper smart contract; Reseller Meesho draws funds; London's fintech status holds for now.

JPM chief says digital currency “has no actual value,” but likes the blockchain technology behind it; lender will wait until “the time is right” before re-applying.

The bank that can effectively enable a corporate customer to manage its working capital and order-to-pay cycle, pay its employees, and provide analytics and insights to forecast cash flow will win the lion’s share of profits, writes Jessica Cheney, vice president of strategic solutions for Bottomline Technologies.

The Tennessee company reported 6% growth in loans, which included strong C&I and CRE grains. However, revenue shrank thanks partly to a steep falloff in fixed-income fees.

Farmers and Merchants State Bank of Argonia, Kan., was the seventh institution to fail this year.

With issuance of marketplace securitizations now exploding — rising 300% cumulatively in the past two years — the idea of online lending as a niche is quickly deteriorating.

Efforts to make it easier for small businesses to apply for SBA loans, coupled with key community banks' outreach initiatives, contributed to the third consecutive record for 7(a) lending, but credit union participation is still lagging.

The embattled company has begun offering cash bonuses to certain customers who open accounts, but at least for now pricey deposit rates would not ensure that customers stick around, executives said Friday.

Third-quarter results from PNC, Bank of America, First Horizon and others suggest that demand for commercial loans may not be as weak as bankers and investors had feared. Or maybe some banks are just getting really good at poaching rivals’ customers.