Banking

Santander Consumer Holdings USA in Dallas on Wednesday reported lower quarterly profits due to ongoing issues associated with its discontinued personal loan business.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Apple plays Apple Pay hardball with big Australian banks and cuts a deal with smaller banks; a British startup combines small biz and personal finance in one app; Overstock bets on blockchain.

The only tactic for survival is brutal honesty. So let's accept the very real risk of disappearing and do the heavy lifting required to persevere.

Donald Trump's stunning upset in the presidential race on Tuesday is likely to embolden his followers to push for changes to Internet law that could significantly alter how financial technology is conceived, built and delivered to market.

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives.

HomeBancorp in Tampa, Fla., has appointed several executives to expanded roles, all to take effect at the start of the year.

New research finds that many credit card users continue to pay only the minimum required each month, in spite of government-mandated disclosures designed to encourage them to get out of debt sooner.

The $70 million-asset bank said in a press release that Thomas Dungan 3rd, Yong Li, Wendy Mitchell and Paul Zhu have joined its six directors.

WASHINGTON — The Internal Revenue Service's internal watchdog Tuesday called on the agency to develop a concerted strategy to address the possible use of virtual currencies in tax evasion or money-laundering schemes.

Seacoast Banking Corp. of Florida recently announced another bank deal just months after its biggest shareholder complained of subpar performance. The bank insists it is sticking to a long-term plan to build value.

Designed for Japan's automotive industry in the 1990s, QR codes remain a common feature in the latest mobile wallets. They have pros and cons that banks need to carefully consider.

While regulators discuss a potential federal fintech charter, another possible solution for firms trying to avoid multistate licensing already exists: the trust charter.

It is premature to say whether criticism of cross-selling and calls to break up the big banks will lead to action, but there is one area where a spinoff could actually be in the banks' interest.

Home BancShares in Conway, Ark., has agreed to buy the parent of Landmark Bank in Fort Lauderdale, Fla.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Walmart's big plans for mobile wallets; Stripe's collaborators get a directory; the U.K. downsizes check processing; CaribShopper expands.

Carolina Financial in Charleston, S.C., has agreed to buy Greer Bancshares in South Carolina.

First United in Oakland, Md., is looking to raise up to $9.3 million through a rights offering.

Making customer experience consistently good is a priority, but it's not enough. Great experiences in the future will be tailored to individual needs and preferences.

American Banker is pleased to bring you Breaking Banks, hosted by Brett King, and featuring the editors of American Banker.

Credit unions across the country open their doors to non-members to cast ballots on Election Day, and while most aren’t expecting any trouble during this tense election season, it can create both challenges and opportunities for participating CUs.