Banking

JPMorgan Chase, Citigroup and Wells Fargo release earnings Friday; Cordray says acting comptroller’s claim that new consumer agency’s rule endangers banks has “no basis.”

While trading results reported Friday were worse than the firm had warned, 2Q earnings set a record and the company said it will increase loans this year at double the rate analysts expected.

A new blockchain network that promises to compete with Ethereum is taking the token sale trend to the next level.

The app allows users, many of them first-time investors, to get started for as little as $5.

Trust income, bank card fees and deposit service fees led to double-digit earnings growth at Commerce Bancshares.

A community bank gets taken to task by the Equal Employment Opportunity Commission. Tennis player Andy Murray makes his mom — and lots of other women — proud at Wimbledon. Also, the Bank of England's Charlotte Hogg and Morgan Stanley's Naureen Hassan.

What's more, loan officers' pay has dropped. At work behind these surprising trends is a blend of economic forces, technological change and pressure on banks and credit unions to pay entry-level employees better.

First Citizens is pressuring KS Bancorp to sell even though the banks' operations overlap in many markets in eastern North Carolina.

Working with Sungage Financial will help NBT Bancorp diversify its consumer loan portfolio and learn from a fintech startup with a speedy credit approval process.

Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now.

What's more, loan officers' pay has dropped. At work behind these surprising trends is a blend of economic forces, technological change and pressure on banks to pay entry-level employees better.

WSFS is implementing a new internal audit program and shoring up the succession planning in its risk department.

Stopping house fires, reducing poverty, protecting consumers and other ways credit unions are giving back.

The North Carolina company could issue $200 million in new securities over time to fund acquisitions and other investments.

Before banks replace their core systems — which are largely homogeneous in the U.S. — they should work on ways to deliver convenient and engaging digital services for each of their channels.

British bank to pay $5.5 billion to settle mortgage issues, but faces Justice Department fine; Payments company offers restaurants $10,000 to stop accepting cash.

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: A loophole in PayPal's Apple collaboration; Could Whole Foods accelerate Amazon Go? ; Swiss bank supports Bitcoin; Verizon suffers a breach.

Property Assessed Clean Energy loans can no longer be offered in unincorporated areas of Kern County, Calif. The controversial loans, meant to promote energy efficiency, began in California and are now offered in a number of states.

Bank of the Ozarks recently dissolved its holding company in a move that goes against modern banking strategy. There are, however, strong arguments for other institutions to follow the bank's lead.

PSCU will provide processing and support services for 55 Corporate One CUs, representing nearly 100,000 cards and accounts.