Banking

Six biggest banks set to return nearly $100 billion to shareholders; Capital One’s plan approved by Federal Reserve, but with conditions.

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: PayPal invests in LendUp; New finger pay pilot; Petya's worse than ransomware; Social payment apps offer plastic cards.

The New York-based company saw its fortunes fade after riding an earlier wave of investor enthusiasm about marketplace lending.

Out of the ashes of the fake-accounts fiasco, heads of business lines became more open to change, an executive at the bank’s innovation group said Wednesday.

Lansing, Mich., is working with area banks to open accounts for people coming out of prison.

Honoring student achievement, celebrating institutional success, and a friendly face-off between credit unions and banks are all part of the latest round-up of credit union community news.

The North Carolina company's purchase of Chattahoochee Bank will add a branch and loan production office to its existing operations in northern Georgia.

The $231 million-asset Virginia bank will also double its legal lending limit when it buys CCB Bancshares.

LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.

Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.

Fed chair says post-crisis rules have made financial system safer and shouldn’t be rolled back; Atlanta bank rolls out internal program to other corporations.

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: Square considers consumer loans; ATM's golden anniversary; New ransomware; Pinterest adopts dual authentication.

Under Steven Bradshaw, the Oklahoma bank is engaging employees as never before by investing heavily in training and development. Don't think customers haven't noticed.

Wells Fargo aside, the industry overall should be pleased with the results of our annual survey of bank reputations. One key insight: Displaying strong ethics is an effective way to improve what people think of your bank.

Imagine if we could take all the data that's coming from the real economy and use that to discern price, predict performance, understand risk and make better investment decisions. The only feasible way to do this is through artificial intelligence.

Michael Cleary, Santander's head of consumer and business banking, and Robert Rubino, a former executive vice president at Citizens Financial Group, will share duties while overseeing their own business units.

Even with card defaults ticking up slightly, regional banks remain committed to pursuing more credit card business as they look to both diversify their balance sheets and deepen relationships with customers.

Executives at four former credit repair companies agree to pay $2 million for charging consumers millions in illegal advance fees.

With this latest batch of new contracts, the credit union service organization now counts 23 of the 25 largest CUs as clients.

Barclays, Goldman Sachs, HSBC and Morgan Stanley are backing a shared vendor risk management platform. The tough part will be agreeing on a final product.