Banking

The burden of paying off student loans is increasingly falling on parents and grandparents, and a new report from the CFPB finds that these older borrowers are having a tough time making payments.

Joseph Campanelli has run large publicly traded companies such as Sovereign Bancorp and Flagstar, but he seems more energized after agreeing to become CEO of Needham Bank, a depositor-owned mutual in Massachusetts.

Cardtronics has completed its acquisition of Canadian ATM operator DirectCash Payments.

A little more than two years after Community National Bank in Great Neck, N.Y., agreed to sell itself, Stuart H. Lubow, its former chairman and CEO, has jumped back into banking.

Corzine Settlement; Deutsche Fills Post; Student loans

Regulators here made strides to encourage innovation in 2016, while Brexit cast doubt on the London fintech boom. Yet the cross-Atlantic payments battle is just beginning.

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: Walmart and Visa end Canadian fight; Amazon plans a bookstore in NYC; Salesforce invests in e-commerce tech; ATMs and cybercrooks are busy in the U.K.

A little more than two years after Community National Bank in Great Neck, N.Y., agreed to sell itself, Stuart H. Lubow, its former chairman and CEO, has jumped back into banking.

American Express has prevailed in its latest round of legal sparring with the Justice Department.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

American Express has prevailed in its latest round of legal sparring with the Justice Department.

When Diebold wrapped up its $1.8 billion Wincor Nixdorf acquisition last August, there was one asterisk on the deal: The U.K. Competition and Markets Authority (CMA)—which this week threw a flag on Mastercard’s proposed acquisition of VocaLink—wanted to explore whether the ATM network giants’ merger stifled local competition.

For years, there's been a lot of talk about personal information as an unalloyed asset. But by now it should be clear that the more information a company has about its customers, the bigger a target it is for hackers.

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.

Guaranty Bancorp in Denver has recruited one of its former executives to come back, this time as a director.

The lending arm of U.S. Department of Agriculture guaranteed 3,439 single-family construction loans in the first quarter of fiscal year 2017, which ended Dec. 31, but just nine of those loans involved its new single-close construction to permanent financing option.

The $407 million-asset company said in a press release Thursday that it paid about $4.2 million to redeem roughly 4,400 shares of preferred stock from the Treasury Department, representing a $152,000 discount.

A California consumer group on Thursday urged the Senate Finance Committee to delay Treasury Secretary-designate Steven Mnuchin's nomination hearing after a leaked 2013 memo described alleged illegal foreclosure practices at OneWest Bank when he was chairman and CEO.

One of the designers who worked on Kasisto's chatbot Kai argues that technologists are perpetuating female stereotypes; SoFi has some unusual ideas about how to get to know its customers better; and Fidelity gives in to the ETF trend. Also, Cathy Engelbert, Barbara Boxer and Megyn Kelly.

The jobs of chief investment officer departments and financial advisers are likely to change as banks and stand-alone wealth managers adopt artificial intelligence to inform the advice they give clients.