Banking

The blockchain startup Axoni has raised $18 million in a Series A funding round led by Wells Fargo and Euclid Opportunities, the fintech investment business of the interdealer brokerage ICAP.

Regulators have warned about the dangers of high commercial real estate concentrations despite bankers' assertions that they are managing risk better than they did before the financial crisis. Still, CRE concerns could influence M&A and loan diversification in 2017.

With signs pointing to a possible rebound in de novo activity, the Federal Deposit Insurance Corp. released a guide to potential organizers about the application process.

FirstBank in Lakewood, Colo., named the successors to its CEO and president, who are both retiring after holding those titles for 17 years.

Opposition is lining up against the Consumer Financial Protection Bureau’s arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect. Some attorneys think the arbitration rulemaking is already dead on arrival.

At a time when individual accountability at corporations is mounting, here is how compliance officers can detect and prevent fraud occurrences within their own firms.

Equity Bancshares in Wichita, Kan., has raised $35.4 million in a common stock offering and plans to use the proceeds to pay down a line of credit and support growth.

A new analysis from the Federal Reserve shows checks as one of the few noncash payment types to decline, while many others are on the rise.

The decision to rewrite the regulation came two days after a hearing in which New York bankers unleashed a litany of complaints about the regulation to Empire State lawmakers.

BBVA Compass is replacing CEO Manolo Sanchez, who has led the charge for digital innovation at the bank during his eight years at the helm, with an executive from the Spanish parent company's Turkish franchise.

Lenders should be braced for some potential headaches as oil-related bankruptcies are expected to continue at a steady clip in 2017 and various market and political forces could influence oil supplies and prices.

The overall pace of consolidation slowed this year, but the average deal value increased from 2015 as bigger banks continued to get back into mergers and acquisitions. Several of this year's sellers were banks that had been backed by private equity in search of growth or a post-crisis turnaround.

Had Wells Fargo simply complied with regulatory guidelines on multifactor authentication across all channels, there would have been substantially less fraud.

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: Wearables underperform; Varo, Kasisto partner on bot debit card; EU warns on mobile security; Boloro debuts faster authentication.

The migration has been slow, but COOP Financial Services says there's momentum for adoption and usage. There are also signs that card fraud risk is improving.

Castle Creek Capital has sold its entire stake in Heritage Commerce in San Jose, Calif.

First Midwest Bancorp in Itasca, Ill., has hired the former chief financial officer at Fulton Financial, about two weeks after he announced his resignation from the Lancaster, Pa., company.

Now that the OCC has proposed a limited-purpose bank charter for fintech companies, a host of innovative new banks will soon flood the market — or maybe not.

The National Credit Union Administration acted appropriately, within its legal authority, when issuing its member business lending rule.

Ginnie Mae has revised the wording of the acknowledgment agreements necessary to finance mortgage servicing rights. It sought to resolve a concern warehouse lenders had in the event issuers become troubled.