Banking

The FDIC said banking industry profits rose nearly 5% to $171 billion last year; at the same time, the agency's chairman says higher rates may expose bad loans at smaller banks.

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's cloud outage makes waves; Setl sets up in Paris; Dash collaborates with Wall of Coins; nobile money's big decade.

The $1 billion deal, the second-largest bank acquisition announced this year, will expand Iberiabank's operations in South Florida.

Customers and employees of Opus Bank and Banc of California could bolt to several other Southern California banks amid downsizing, scandal and credit quality issues.

Regulators ought to make it easier for smaller institutions to merge, the CEO of the country's largest said Tuesday.

USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products.

The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership.

IBM's work with Northern Trust and Hyperledger and Microsoft's alliance with JPMorgan and others show the different approaches the tech giants are taking with the technology.

Amazon.com's cloud-computing service, used by Capital One and other large companies, was beset by "high error rates" on parts of its S3 data-storage system, disrupting many sites and mobile apps.

Billionaire investor Warren Buffett said Wells Fargo made "a huge mistake" in the way it handled the phony-accounts scandal, and he laid the blame more forcefully than ever on former Wells CEO John Stumpf.

Democratic lawmakers in favor of legitimizing marijuana business are not being discouraged by the Trump administration's comments indicating it may pursue a federal crackdown in states where pot is legal.

The largest U.S. bank’s yearslong effort to do more business with midsize commercial firms has progressed in fits and starts but never met expectations. More patience will be required, but executives say the payoff could be sooner rather than later.

Financial services providers and fintech startups in the U.K. will soon have another bank to work with to gain access to the country's payment systems and core banking technology — and potentially save money in doing so.

Technology company says CU SoCal will have a unified platform for online and mobile banking.

It is a fallacy that customers respond only to monetary rewards. Banks should use psychological rewards to drive digital product sales just as popular mobile apps do.

Banks had a largely positive fourth quarter, but the Federal Deposit Insurance Corp. still saw signs of concern ahead, including slower overall loan growth.

The longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity research unit; marketplace lender forms group to buy $5 billion of loans

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: Barclays suffers a debit glitch; Harbortouch offers merchant credit; fraud dips at Interac; contactless takes off in the U.K.

The retailer is set to announce Tuesday that it is updating its app to allow its customers to input money transfer information electronically rather than having to fill out paperwork in the store.

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company