Banking

After years when it looked like millennials might opt for car-sharing and ride-hailing services over car ownership, recent data tells a different story.

Amala Duggirala said she was attracted to Regions because of its digital products and commitment to innovation.

The Little Rock, Ark., bank said first-quarter profits rose slightly and that it plans to dissolve its holding company to trim regulatory costs.

Shelton Shugar, the new CIO of Barclaycard U.S., shares his thoughts on fintechs, the merits of cloud computing and paying through Amazon Alexa.

Bank earnings could be hurt this year as big retailers close stores and file for bankruptcy. The situation has sparked a debate about how much CRE and C&I books will suffer just as lenders were putting other commercial woes behind them.

The deal had been held up by U.K. regulators over concerns about competitive balance.

Opus Bank has added Paul Greig, who was CEO of FirstMerit until its sale in July, as a director.

Carter, who built what became Carter Bank and Trust from the ground up, was praised for his “uncanny” credit acumen, devotion to community and family, and willingness to take unconventional risks.

Directors take back $75 million more from two former executives and release scathing report on bank's fake accounts scandal; UBS executive sees decade-long wait for transformation.

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: Amazon sellers hacked; Minecraft offers its own coins; Westpac supports Samsung Pay; U.K. reaches out to Middle Eastern financial tech.

Specialization — either in types of customers, lines of business or distinct geographies — is one of the best ways for small banks to outdo larger rivals that rely on scale to make money.

The San Francisco bank is trying to turn the page with a new report that mostly pins blame on executives who have either left the company or been demoted, but the report shows the misconduct went further back than previously acknowledged.

Wells Fargo, accused of ousting branch workers who struggled to reach untenable sales targets or objected to burgeoning misconduct, has rehired about 1,000 former employees as CEO Tim Sloan tries to put the scandal to rest.

Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.

Most financial institutions still struggle to make it simple for consumers to open new accounts entirely on mobile devices.

Private information about consumer and business accounts was exposed. The bank immediately cited vendor error.

Bank of America has added new features to its mobile banking app in an effort to build flexibility in mobile wallet options and more closely tie payments to financial services.

The latest compensation-related punishments were announced Monday in a long-awaited report from the firm’s board of directors.

CEO Jes Staley is investigated by British authorities for trying to unmask a bank whistleblower and will take a pay hit; ISS is second consultant to call for voting against Wells directors.

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: No Stripe IPO; Kik seeks payments tech; Self-build checking account; Frankfurt opens tech hub.