Banking

Bill Barhydt, founder of startup Abra, explains how his company's mobile app uses bitcoin as a payment rail for cross-border remittances while solving the foreign exchange risk and last-mile problem that have hampered adoption of the cryptocurrency.

Nonbanking fees are also allowing Community Bank System in New York to be a patient acquirer even though it is creeping up on $10 billion in assets.

The impressive loan growth in the second quarter is surprising in an economy that grew by 1.2% in the second quarter and by only 0.8% in the first quarter.

The age-old fight over whether earnings forecasts are essential for investors or bad for the economy has new legs, and banks are square in the middle of it.

The Bancorp has named Hugh McFadden its chief operating officer, replacing an executive who had joined the Wilmington, Del., company just 16 months earlier.

Fintech firms and millennial-focused advisers are providing advice on student loan refinancing, with the expectation that over time it will eventually lead to new business, in the form of brokerage and retirement accounts.

Returning Fannie Mae and Freddie Mac to their status as privately owned public utilities is consistent with their mandate and makes the most policy sense.

BNP Paribas, France's largest bank, raised $485 million from the sale of a stake in First Hawaiian after fetching prices at the top of the marketed range.

Bank of America, which spends about $1 billion a year handling cash, will save money and require fewer employees as more customers make payments electronically, Chief Executive Officer Brian Moynihan said.

Sandy Spring Bancorp in Olney, Md., said that its insurance unit bought The Advantage Group, which offers personal, business and life insurance to clients in Maryland, northern Virginia and Washington.

In the wake of the Bitfinex heist, protecting consumers must again be at the forefront of the digital currency community.

Cash has been notoriously stubborn in light of the relentless onslaught of new payment methods, and though it has started a very slow decline, it is perhaps decades away from declaring defeat.

Elliptic, a startup that monitors the bitcoin network for suspicious patterns, has introduced anti-money-laundering data into its service through a partnership with LexisNexis Risk Solutions.

WSFS Financial in Wilmington, Del., has agreed to buy the assets of Powdermill Financial Solutions in Wilmington.

The situation turns on whether the CFTC inadvertently pushed Bitfinex to adopt a weaker security system than it had been using. However, the way the bitcoin exchange used the new system was significantly flawed, security experts said.

The startup firm Paymency is seeking to offer an API-driven "banking-as-a-platform" service to the U.S. financial services industry.

David Pollino, deputy chief security officer at Bank of the West, shares insights into the email-based cybertheft attacks he's been tracking and what the bank is doing to shield itself and its customers from email scams.

Unity Bancorp is raking in money from holding and selling 7(a) loans, but don't expect the bank to extend its operations beyond New Jersey and New York. Management learned that lesson the hard way during the financial crisis.

A proposed 50% expansion to the Low Income Housing Tax Credit program would yield new opportunities for banks to finance development projects and meet their Community Reinvestment Act obligations.

Community Bank of the Chesapeake in Waldorf, Md., has handed its chief risk officer some serious additional duties. James Burke became president of the $1.2 billion-asset bank on July 28; he will remain risk chief and an executive vice president, also.