Banking

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.

SoftBank's big bet on next-generation tech; Supreme Court hears surcharge arguments

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Today: Buy buttons suffer; South Korea plans to get rid of coins; Toronto enhances its 'hub' status; Alibaba plans to digitize Chinese malls.

The growth of digital channels is changing bank M&A values, forcing buyers to focus less on branches and more on the volume of customer data.

Nondepository lenders are beating their bank competitors when it comes to both digital innovation and market share in the mortgage industry. As interest rates rise, banks will need to move toward electronic closings and adopt other innovations if they want to stay competitive.

Joint accounts sometimes seem stuck in another era. Here’'s how to modernize them.

People's Utah Bancorp in American Fork has its next chief financial officer waiting in the wings a year in advance.

Attorney General-designate Sen. Jeff Sessions R-Ala., could pose a roadblock for marijuana businesses seeking financial services, but might also end a controversial Justice Department program targeting payment processors and financial institutions.

Advia Credit Union in Parchment, Mich., has agreed to buy Peoples Bank in Elkhorn, Wis.

Shore Bancshares in Easton, Md., has agreed to buy three branches around Baltimore from Northwest Bancshares in Warren, Pa.

A unit of M&T Bank in Buffalo, N.Y., has bought certain operations of Philadelphia mortgage firm Carey, Kramer, Pettit, Panichelli & Associates.

Garrett Richter is taking on a bigger role at First Florida Integrity Bank in Naples.

An influx of new people to the Pacific Northwest and Southeast could have big implications for banking, from M&A to de novo efforts.

The Federal Reserve has terminated a written agreement with First Personal Financial in Orland Park, Ill., that had existed for more than six years.

Eight hostages were released and are all believed to be unharmed.

It's tougher for women-led technology companies to raise money from venture capitalists—or any investor—than it is for men. But the challenge is deeper than overt sexism.

The Dodd-Frank Act is just the latest in a long string of policy out of Washington that harmed the greatest banking system devised by man.

Valley National Bancorp in Wayne, N.J., has promoted Dianne Grenz to become its chief consumer banking officer.

CenterState Banks in Winter Haven, Fla., is looking to raise at least $60 million through a public offering.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Today: Yahoo will keep Alibaba stake post-Verizon deal; payroll app draws VC; e-grocers add food stamps; Aon builds a Brexit risk management tool