Banking

Wells is expected to announce $3 billion more in additional spending reductions; B of A pays half the interest of other banks, but still rakes in deposits.

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: Walmart's 'Dash' tech; A major hack in Germany; Fintechs opposed Euro screen scraping ban; Singapore payments technology investor eyes Europe.

Startups believe artificial intelligence will make loan officers obsolete, and that may be true. But it remains to be seen if AI will make lending safer.

Guaranty Bank & Trust in Milwaukee was shut down by federal regulators Friday, just a week after one of the costliest failures since the crisis.

Gov. Mary Fallin, a Republican, sided with consumer advocates over payday lenders in a fight that is playing out in numerous states.

Five Star Bancorp in California is the latest bank to work with a marketplace lender on referrals. The move comes as the SBA programs have record volumes while concerns linger about banks working with third parties.

Ignacio Alvarez, who takes over this summer from Richard Carrion, addresses the tough challenges the bank faces as looming cuts to government services and benefits could be painful for consumers and businesses on the Caribbean island.

By banding together, banks can negotiate better terms with startups and other tech companies, FIS' chief operating officer says.

As Treasury Department officials review the Financial Stability Oversight Council’s designation process, they should also re-examine how the Dodd-Frank Act defines systemic risk.

The $71 million transaction is the latest in a series of acquisitions by Seacoast in recent months.

Readers weigh in the effect of Federal Reserve actions on wealth distribution, how a new startup could reduce overdraft fees, Watson's attempts to catch rogue traders, and more.

Bill that would roll back much of Dodd-Frank now goes to the full House; suit says bank employees trailed undocumented Latinos to get them to open accounts.

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's card; Middle East, Africa fastest growing card markets; Signifyd attracts VC cash; U.K. regulators examine Cardtronics' DirectCash deal.

The Bokis wallet's new app is scheduled for broad release this summer. It's a rare success for collaborative wallets, as others have failed, such as the U.S.'s Softcard and CurrentC, the U.K.’s Weve, Canada’s suretap and Singapore’s SmartWallet.

The online consumer lender has struggled to bounce back from a scandal that turned its fortunes a year ago.

Wells Fargo is piloting features that could help customers boost savings or plan for a trip.

Some executives are shrugging off recent defaults as isolated incidents, but others say states’ uneven embrace of the Affordable Care Act, as well as potential changes to the law itself, have escalated the risks in lending to health firms.

The Arizona company said Kenneth Vecchione would be a candidate to eventually replace CEO Robert Sarver.

First Financial in Ohio says financial health tools for its clients’ employees will build more lasting commercial banking relationships.

From costume contests to memes and high-quality original videos, credit unions found all sorts of ways to celebrate the "Star Wars" series today.