Banking

The company will gain more than $500 million in assets after buying Eastman National and Cache Holdings.

Investors blame Washington gridlock, lowered expectations for price drop; Wells Fargo looks to narrow its focus as it jettisons some units.

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: UnionPay gains ground; real-time payments in Europe; Amazon's payments exec gets a new role; and more.

Open APIs can bring speed and flexibility to P-to-P payments, e-commerce and financial services. But there's also identity and performance risks that banks need to address, writes Rahul Singh, president of financial services at HCL Technologies.

The system can run more than 12 billion encrypted transactions per day and can automatically keep applications, cloud services and databases hashed.

The phony-sales scandal forced a reckoning over an organizational structure that had long encouraged autonomy for the bank’s various business units.

Donating money, food, time and more to help improve the lives of others.

On the discussion table: Alipay, Jack Ma, blockchain, AI, building a true digital system, payments, financial inclusion.

Buying Capital Bank puts the company on a fast track for more regulatory scrutiny. Executives are identifying ways to boost revenue and taking other measures so it can handle the change.

The bank's Costco card portfolio boosted profits (again), as did internal growth from store-branded cards from Home Depot and Best Buy. Citi’s card business is avoiding — for now — the pain in the retail sector.

On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country.

While some policymakers are open to accommodating fintech companies with looser oversight compared with banks, the New York State superintendent is unapologetic about her tough approach.

While industry consolidation remains slow compared with previous years, certain regions are humming along with strong volume and improved pricing. Here’s a look at each region based on June 30 data from KBW and S&P Global Market Intelligence.

Several RBB Bancorp executives and directors, including CEO Alan Thian, will also sell a significant number of shares when the Los Angeles company goes public.

Wells Fargo's new car loans dropped by almost half in the second quarter, while its automotive portfolio fell to the lowest level in two years after the San Francisco-based company tightened underwriting standards.

Without climate change mitigation, financial institutions should expect higher weather-related losses, greater uncertainty surrounding transition pathways and increased market volatility.

Business lending rose 6% at the Pittsburgh bank, while consumer lending was largely flat.

Citigroup's bond traders and investment bankers are closing in on their rivals at JPMorgan Chase.

Readers slam credit unions’ ever-inclusive membership criteria, weigh in on the OCC’s proposed fintech charter, encourage a rewrite of the CRA, and more.

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. Today: Visa's digital incentive moves to the U.K.; Jet.com pursues the New York market; Digital boosts donations; Delivery robots; Refunds for late trains.