Banking

Big banks north of the border are rapidly expanding their U.S. wealth divisions, competing with their stateside peers for higher-income clientele.

The Swiss bank got involved in microfinance in a counterintuitive way: at the behest of its wealthiest clients. Technology has made lending in small rural villages more efficient and profitable.

Bank Mutual was still in talks to buy a bank roughly its own size when it began exploring a sale. The move allowed Bank Mutual to quickly find a buyer after its planned acquisition fell through.

Beverly Anderson, who had held the job on an interim basis since March, leads a unit that has been roiled by the bank's unauthorized-accounts scandal.

The agency's statement comes as Tropical Storm Harvey gets closer to the Texas shore.

Home will add 12 branches and nearly $600 million in assets when it completes the acquisition.

The idea that the trading ban burdens community banks and prevents them from investing in fintech opportunities is misleading.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Australia's agenda for payments; developers flock to blockchain; fraud spikes in the U.K.; and more.

Austin, Texas-based CU has seen growth in auto, mortgage and commercial lending.

The credit card issuer paid $95 million to settle charges it offered inferior terms to customers in American territories; Mitsubishi UFJ wants to become a top 10 U.S. bank.

As marketing becomes more expensive, issuers are under pressure to find new ways to lure merchants, according to Eric Marks and Sean Clark from West Monroe Partners.

Landmark Bancorp in Manhattan, Kan., could lose more than $5 million — more than it earned in the first half of the year — if a recently discovered overdraft situation cannot be resolved.

Long Game is a mobile app that uses games to encourage its users to build a nest egg. Its example holds lessons for banks that are struggling to capture more of their customers' attention.

Some banks are experimenting with virtual assistants that, going beyond the routine tasks they perform today, could offer investment advice or make mortgage loans 24/7. But will they ever be able to talk a nervous client through a market crash?

Bank of the Ozarks, Home BancShares and Simmons First have used acquisitions and a business-friendly environment in their home state to become regional powers.

How credit unions are helping fight addiction, provide new educational experiences, fund important research, benefit their communities and more.

Wells Fargo CEO Tim Sloan has told employees that a third-party review of unauthorized accounts will be published “within a few weeks.”

The conversion, scheduled for Q1 2018, will allow the CUSO to expand into the Tampa area.

All critical data to run the CUSO's business operations in the event of a disaster will also be backed up to a location 900 miles away from the firm's offices.

OnlyID, a joint offering from FIS and Equifax, is meant to become consumers’ single sign-on for bank and retail websites and apps. Longstanding relationships may give it a better shot at achieving network effect than previous attempts.