Banking

The bank is among a handful of de novos to have its charter approved since 2009.

The new study highlighting the importance of the credit union tax exemption comes at a time when Congress is looking for new ways to boost government revenues and save taxpayers money.

Expanded lending across a broad range of categories and extremely low unemployment in Hawaii pushed up the Honolulu bank's quarterly profit.

Stephanie Sessum will succeed longtime CEO Nancy Walker.

The company also admitted that certain details in an October press release were inaccurate.

Lloyds Banking Group was hit by a cyber attack that disrupted online services for customers two weeks ago, a person with knowledge of the matter said.

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: SEC investigates Yahoo; EU warns on blockchain security; Societe Generale looks for startups; Amazon may bring virtual reality to shopping.

Several members of George W. Bush's second-term team are expected to get senior positions at Treasury; Gorman gets a 7% pay hike, while Goldman bonuses shrink.

The $1.9 billion deal – the industry's largest announced in 2017 – will create a bank with nearly $20 billion in assets.

Guest host Sam Maule chats with American Banker reporter Lalita Clozel and others about the OCC fintech charter, smart home devices, virtual assistants, the security and compliance issues posed by Alexa, and more.

The Stamford, Conn., credit card issuer reported net income of $576 million, up 5.3% from the same period a year earlier.

Donald Trump was sworn in Friday, but banking industry executives have spent the last two months envisioning a vastly different political, economic and regulatory climate. The dominant question in coming months will be how realistic those expectations are.

The Cincinnati bank will be advised by QED Investors on its fintech strategy.

Bank consortium R3 CEV, one of the most well-funded blockchain working groups, has endured criticism for its meticulous process. But if blockchains are most valuable with a network effect, maybe forgoing some agility is worth the long while.

The auto lending group is touting loan growth of more than 16% for its CU partners throughout 2016.

This is the second consecutive year the credit union has returned dividends to members.

Windows smashed, no injuries reported.

Citizens Financial Group in Providence, R.I., reported bigger profits in the fourth quarter on the strength of loan growth and improvements in its loan yield.

On earnings calls this week CEOs expressed optimism for increased loan demand, a softer tone from regulators, a higher SIFI threshold and, potentially, a surge of interest in health savings accounts.

The South Carolina company plans to use proceeds for acquisitions and organic growth.