Banking

LendingClub wasn’t alone in its suffering during the second quarter.

ClearXchange has access to a majority of the market's online banking accounts as it takes on Venmo, but there's one thing it may not have.

Opus Bank in Irvine, Calif., has started a public finance division and hired an executive from Umpqua Bank in Oregon to run it.

With flooding in a big portion of its market, Iberiabank executives detail how technology is helping it stay open for business in a way that could not have happened a decade ago.

Months after advocating for a blockbuster sale of Comerica, Hudson Executive Capital has slashed its stake in the company, as chatter about a potential deal has fizzled. Still, the firm is credited with pushing the struggling regional bank to adopt a surprisingly aggressive turnaround plan.

Union Bankshares in Richmond, Va., said Wednesday that John Asbury, formerly of First National Bank of Santa Fe in New Mexico, will be its next CEO.

R3 CEV, a consortium of several of the largest global banks focused on blockchain, filed its first patent on Tuesday: a distributed ledger platform designed to manage financial agreements between regulated financial institutions.

The Federal Housing Finance Agency is seeking to make it easier for Federal Home Loan Banks to accept certain kinds of collateral for advances.

Medallion Financial, trying to diversify beyond its traditional business of financing taxi drivers, plans to issue loans on behalf of web-based lenders. But that new strategy faces some potential pitfalls.

Until recently, credit unions rarely used arbitration clauses, and were praised by consumer advocates for pro-customer practices. But credit unions have learned to embrace the use of arbitration clauses – and now oppose the Consumer Protection Bureau’s plan to rein them in.

The Bancorp in Wilmington, Del., has sold a loan portfolio as part of its effort to reduce the size of its discontinued commercial loan book.

The $13.1 billion-asset parent company of PlainsCapital Bank named William Furr CFO, effective Sept. 1.

Several lenders are attempting to recover a combined total of nearly $500 million from the estate of the deceased chief executive of an Oklahoma energy company.

Screen scraping is an out-of-date way to share transaction data with mobile apps and services. It's high time for banks to invest in OAuth, a protocol that lets customers access their financial data in a portal of their choosing and is secure.

Royal Bank of Canada beat analysts' estimates for the fiscal third quarter as its City National purchase in the U.S. bolstered wealth management and capital markets earnings surged. Canada's largest lender raised its dividend 2.5% to 83 cents a share.

First Defiance Financial in Defiance, Ohio, has agreed to pay $63 million for Commercial Bancshares, the $342 million-asset parent of Commercial Savings Bank.

The recent hack of the DAO (short for Decentralized Autonomous Organization) and the subsequent reversal of funds on Ethereum's blockchain should finally put an end to a decentralization charade.

Santander Consumer USA Holdings again delayed its second-quarter results and financial statement due to ongoing discussions with federal regulators about accounting issues.

United Bankshares in West Virginia has quietly become a $14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer.

Democratic presidential nominee Hillary Clinton again pledged Tuesday to grant relief to small banks and credit unions if elected president, making her most high-profile commitment to the idea yet — but analysts were skeptical of her ability to get it across the finish line.