Banking

TrueCar, Tesla Motors and Uber approach auto lending from sharply different perspectives , but each, in its own way, is dragging the slow-to-adapt industry into the future.

Alibaba Group Holding Ltd., China's largest e-commerce website, will ban the sale of Bitcoin and other virtual currencies after the country's central bank tightened regulations in December.

Some banks in downsizing mode are subleasing branches that are too large. Advocates say subleasing can help banks avoid selling branches for cheap; others warns about the cost-benefit of retrofitting a building.

JPMorgan Chase and UBS are among banks that received federal requests for information about trades in mortgage-backed securities after the financial crisis, two people briefed on the matter said.

Data locked in silos and the lack of a common customer identifier that could link accounts were to blame for JP Morgan Chase's failure to identify Bernard Madoff's massive fraud, according to an article in Wednesday's Wall Street Journal.

Reports of young people's financial behavior often treat millennials as an indistinguishable group, but a new survey from PNC Financial Services Group (PNC) has found that their debt and savings patterns vary greatly by age.

In his first major move as head of the agency that oversees Fannie Mae and Freddie Mac, ex-Rep. Mel Watt said Wednesday that he will delay a planned fee hike that would have raised the cost of most home loans backed by the government-sponsored enterprises.

Regions Bank's newest appointment scheduling feature highlights how banks are using technology to tie online and offline channels and transforming branches into better sales and services hubs.

The new year will bring an end to big regulatory settlements with banks, a sharp drop-off in the number of branches across the industry, increased use of biometric technology and a breakthrough in banks' use of big data. American Banker editors discuss these and other predictions for the year ahead in banking.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., is laying off employees and shutting down branches as it seeks to retool its retail operations.

TriState Capital (TSC) in Pittsburgh has agreed to buy Chartwell Investment Partners, an investment management firm in Berwyn, Pa.

Old National Bancorp (ONB) in Evansville, Ind., has agreed to buy United Bancorp (UBMI) in Ann Arbor, Mich.

Melissa Smith's plans for her first year as Wex's CEO sound a bit like trip around the world, with payment projects in locations as varied as Brazil, Thailand, Canada and Europe.

A plan to inject $50 million into U.S. Century Bank has reportedly been called off, leaving the undercapitalized Doral, Fla., bank in limbo.

Peapack-Gladstone Financial (PGC) in Bedminster, N.J., has hired a president of private wealth management.

Alliance Data Systems Corp. replaced Barclaycard US as the issuer of Virgin America's affinity credit card this week, launching two products that are co-branded with the airline's Elevate frequent flier program through its Alliance Data Retail Services and Comenity Capital Bank divisions.

The Consumer Financial Protection Bureau could consider expanding exemptions for small lenders from its qualified mortgage rule after it goes into effect on Friday, according to Richard Cordray, the agency's director.

The Minneapolis bank's agreement to buy 94 RBS-owned branches in Chicago is the biggest deal that a big bank has pursued in awhile, and observers will watch the approval process closely for any signs that regulators are warming to the idea of acquisitions by large banks.

Despite the risks, lenders have calculated that certain loans that fall outside of QM are worth making and holding on their balance sheets.

Mobile banking services hold serious sway over small business owners, according to a new study.