Banking

Following the passage of the November ballot initiative, it is hugely important that cannabis businesses in the nation's largest state be able to secure bank accounts, at a minimum.

Wayne Savings Bancshares in Wooster, Ohio, is looking for a new CEO.

CVB Financial in Ontario, Calif., and Valley Commerce Bancorp in Visalia, Calif., have amended the terms of their planned merger.

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: Consumers use digital to save money more than time; NYC parking goes mobile; charitable gift cards expand in San Francisco; E-bills win at bootcamp.

Lloyds Banking Group Plc agreed to buy Bank of America Corp.'s MBNA credit-card business in the U.K. for 1.9 billion pounds ($2.4 billion) in cash, marking its first major deal since being rescued by British taxpayers eight years ago.

MainSource Financial Group in Greensburg, Ind., has agreed to buy FCB Bancorp in Louisville, Ky., for about $56.9 million. The cash-and-stock transaction is expected to close in the second quarter.

Two former executives of the failed GulfSouth Private Bank in Destin, Fla., and another man have been indicted on federal charges of defrauding the Troubled Asset Relief Program of $7.5 million.

Tim Pawlenty, the head of the Financial Services Roundtable and former Minneosta governor, sent a letter Monday to President-elect Donald Trump requesting that he take steps to harmonize government cybersecurity requirements.

Smaller institutions have increased the size of their auto books in the last year, with the 25 most-active lenders reporting a nearly 7% increase. More borrower demand and a pullback by some bigger lenders are contributing to the rise.

As financial institutions have gained a clearer understanding of blockchains, they've begun to see the merits of openness in supporting collaborative innovation, and the limitations of the old you-can't-touch-this approach.

Longtime CEO Richard Kovacevich retired from Wells Fargo almost a decade ago, but understanding the scandal that has engulfed the bank requires a close look at the cross-selling mindset that he left for his successors. It was a culture in which the sales often justified the means.

Citigroup's global head of retail banking and mortgages, Jonathan Larsen, who has been known as an advocate of digital banking, resigned for personal reasons, the lender said.

Banc of California in Irvine and PL Capital have reached an apparent truce, as the bank agreed to consider letting the activist investor group submit two nominees to next year's board election.

Radius Financial Group worked for years to achieve an end-to-end digital closing process, finally doing so this fall. Here's how the Massachusetts lender got it done.

Deutsche Bank may reach a deal as early as Wednesday to settle allegations by the U.S. Department of Justice that it misled investors when selling mortgage-backed securities, Reuters reported, citing a person with knowledge of the matter.

The appeal of information pathways such as the internet were seen as possibly bringing about a "comeback" for artificial intelligence in financial services — in the 1990s.

U.S. Bancorp has named Citigroup executive Sayantan Chakraborty head of product management for its global treasury management business.

Dickinson Financial in Kansas City, Mo., has agreed to buy Community Bancshares of Kansas in Overland Park.

Ameris Bancorp in Moultrie, Ga., has entered into a consent order with regulators tied to the Bank Secrecy Act.

One step the government can take is to create a unified office dedicated to housing finance and policy to streamline existing agencies and programs and make them more efficient.