Banking

The agency said Wednesday it has received more than 500,000 comments on the proposal — and many more may be filed in the coming days.

Umpqua Holdings in Portland, Ore., has formed a corporate lending office and hired Richard Cabrera to oversee it.

Several southeastern CUs have already closed or are planning closures as the storm approaches.

Julio Alejandro, CEO of Humanitarian Blockchain in London, thinks so. Some of his projects, such as providing bitcoin Visa debit cards to refugees and digital identities for ex-cons, are ideas financial services firms could implement here.

Bankers already scrambling to comply with a number of different federal cybersecurity standards are raising concerns about a proposal from New York to layer on some additional state rules.

First Bancorp in San Juan, Puerto Rico, has added a managing director from a New York private equity firm to its board.

Xenith Bankshares in Richmond, Va., had added a former chief executive of Amalgamated Bank to its board.

Popular Inc. in San Juan, Puerto Rico, will take a $55 million hit to third-quarter earnings after its bank lost an arbitration battle with the Federal Deposit Insurance Corp.

Dollar Bank in Pittsburgh ended a 32-year break from acquisitions earlier this year. It didn’t take nearly that long for the $7.4 billion-asset mutual to announce its next deal.

First Community Bancshares in Bluefield, Va., has sold four insurance offices.

First Business Financial Services in Madison, Wis., is looking for a new leader for its bank.

The state of Washington halts a plan to update its 15-year-old member business loan rule while the federal regulation undergoes a legal challenge from the Independent Community Bankers of America.

It's time not only to hold banks accountable for their security, but also to provide meaningful regulatory guidance on how to achieve security.

Companies climbing the FinTech Forward ladder lead on issues banks care about most — including mobile, omnichannel and big data.

Our FinTech Forward Companies to Watch are helping banks step up their game by offering virtual assistance, better money management tools and other solutions.

Funding of startups will cool overall, but venture capitalists anticipate growth in new areas of financial services that are ripe for innovation, including wealth management, insurance and back-office operations.

There were bound to be growing pains in the friendship between banks and fintech. Bankers plugged into the world of innovation give their advice on overcoming the challenges.

Banks are expected to spend more on technology in the coming year, with the cash earmarked for things like upgrading mobile apps and adding self-service tech in branches.

For regulators to develop a unified framework for fintech companies to operate in, they first have to come to a consensus.

The once-icy relationship between banks and fintechs thawed quite a bit in the last year. The next step might be for banks to start buying startups.