Banking

First Data has secured a partnership with Silicon Valley Bank, giving the payments technology provider and processor a front seat to take notes on all of the technology development taking place among the bank's clients.

Wirecard AG has agreed to buy Citigroup’s institutional prepaid card business, giving Germany-based Wirecard its first market foothold in North America.

The Little Rock, Ark., bank got the final regulatory approval it needed to buy C&S and C1, but not before agreeing to address some community reinvestment concerns in the Atlanta market and elsewhere.

Although intended to protect investors from market volatility, a decision by Betterment to temporarily suspend trading the morning after the British referendum has the wealth management industry wondering aloud if the robo-adviser harmed its reputation instead.

A new survey reveals challenges and opportunities for banks looking to serve younger entrepreneurs. Hint: they crave financial guidance and are in it for the long haul.

Iberiabank in Lafayette, La., has added a retired investment banker to its board. The $20 billion-asset company said in a press release Tuesday that Rick Maples, who once was head of investment banking at Stifel Financial, had become a director.

The Federal Housing Finance Agency is soliciting industry input on how to improve Fannie Mae and Freddie Mac's credit risk transfer transactions, for the first time saying it is considering front-end transactions rather than back-end deals.

The Canadian company is determined to rely on low-cost deposits, lending prowess and cross-selling to justify the price it will pay for PrivateBancorp. Each of those strategies could backfire, highlighting why most acquirers emphasize cost-cutting when pitching a deal.

The Depository Trust & Clearing Corp.'s Mark Wetjen has joined the board of advisors of the Chamber of Digital Commerce.

Ever since the financial crisis, starting a bank from scratch has been hard. But opening a digital-only de novo bank is an especially tall order.

London has emerged as a mecca for fintech in the last few years, with more than half of top startups there in financial services or payments. When the U.K. voted in a national referendum on Thursday to leave the European Union, it created a lot of uncertainty for these startups. Here FemTech leaders share their views on how the referendum affects the relationship between banks and fintech and their appetites for collaboration.

WASHINGTON -- The Federal Deposit Insurance Corp. is launching a survey this month to collect data on the small business lending practices of insured banks.

The cryptocurrency ecosystem operates on the fringes of tradition, with "initial coin offerings" announced, discussed and carried out largely via online forums and without regulation. The phenomenon is high-risk and should be treated as such.

The Federal Housing Finance Agency wants mortgage servicers reaching out to delinquent borrowers to be exempt from tough restrictions on robo-calling. But the idea is being panned by consumer groups, who say it would give a free pass to mortgage servicers that have a record of consumer-protection violations.

Columbia Credit Union in Vancouver, Wash., has expanded into neighboring Oregon as the CU continues to eye other opportunities to offer its services beyond its 12 branches in Clark County.

Credit scores are useful in predicting the likelihood of whether someone will repay a loan. However, banks and others need to provide customers with another number that more accurately assesses their financial health.

The credit card industry's switch to microchips has improved security, but fraudulent online purchases remain a big vulnerability. A new credit card company called Final, which launches Wednesday, is aiming to fix that problem.

Canadian Imperial Bank of Commerce in Toronto has agreed to buy PrivateBancorp in Chicago for $3.8 billion, finally giving the Canadian bank a meaningful retail presence in the United States.

First Midwest Bancorp in Itasca, Ill., has agreed to buy Standard Bancshares in Hickory Hills, Ill.

The U.S. Supreme Court in its upcoming term will hear a fight over automated-teller-machine fees that pits the interests of independent cash machine operators and consumers on one hand against two major card networks and several megabanks on the other.