Banking

The banking trade group confirmed that it has run a formal bidding process to find a partner.

The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.

Letter to members decries excessive share insurance premiums from “government bureaucrats” at NCUA.

TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter.

The long-running feud between banks and fintech companies over screen scraping is morphing into a more nuanced and important conversation about how to exchange consumers' financial data securely and fairly.

A study from Georgia CU Affiliates reveals a specific dollar amount that consumers in the Peach State receive as a result of credit union membership.

Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing.

While bankers feel more positive about the environment since the election, taking advantage of the new environment is what’s really important.

Declines in deposit-service charges and in gains on the sale of auto loans drove down 4Q earnings.

The company said it could use proceeds for repaying debt and acquisitions, among other things.

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.

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: Competitive headwinds for PayPal; U.K. tries to retain tech status; Amazon takes to the seas; XBox's transactions soar; Link ATM dispute in the U.K.

Chinese's largest online payments company to get a footprint in the U.S.; Believers in blockchain bemoan the lack of global cooperation.

Whether donating to the local YMCA, food pantries or cancer research, credit unions are giving back in a big way.

Facebook now lets users log in using a physical token. If banks gave consumers this option, it would strengthen the security of online accounts — or at least bolster their image.

The merger will create a bank with more than $4 billion in assets.

Independent members of HopFed Bancorp's board sent a letter to Joseph Stilwell complaining that their largest investor had rebuffed several efforts by CEO John Peck to schedule a meeting.

The New York company may struggle with profitability as it decides whether to find a new buyer.

TD Bank's consumer chief Michael Rhodes explains what service means in the digital age, why stress-testing is a good thing and why the bank is in no rush to make another acquisition.

Banks want and need to rival tech giants in their use of customer analytics. Some think artificial intelligence is the key to making it happen.