Banking

Lenders are struggling to deploy deposits into interest-earning assets, and changes to post-secondary education may further limit these options.

The bank said the account is geared to consumers who want better control over their spending or are new to banking.

BBVA and U.S. Bank are fine-tuning the search functions on their sites and apps to improve navigation, sales and customer retention.

The bank's five-year commitment will focus on providing more capital to small businesses and expanding access to affordable housing and homeownership.

Banks that work with the data aggregator will tell it when account updates are ready, so it can refresh fintech (or bank) apps immediately.

CIT inherited the business with its purchase earlier this year of Mutual of Omaha Bank.

Capital One Financial is reining in credit lines to reduce its exposure while the nation’s largest card issuer, JPMorgan Chase, is rolling out a new card designed for travelers and diners.

Gary Elliott will retire at the end of 2020, and the credit union has hired a search firm to help find its next leader.

Central banks “have conspired to destroy returns” with monetary policy and dividend constraints, the FT argues; JPMorgan Chase hired the Vanguard vet to lead its phone and video-based financial advice unit.

CO-OP, a credit union payments firm, has teamed with the fintech to expand usage of digital payments offerings. But it's unclear to what extent members want those services.

The California plan to create a new, tougher state regulatory agency is at the finish line after lawmakers agreed to key exemptions for banks while maintaining strong enforcement measures for payday lenders and other firms.

The deal continues Sound's push into markets north of its Tacoma headquarters.

The bank is making continuous improvements, including integrating Merrill Lynch accounts into its banking app and adding a security feature to Zelle.

Year to date through Jun. 30, 2020. Dollars in thousands.

Year to date through Jun. 30, 2020. Dollars in thousands.

The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators.

The hedge fund being started by the former acting head of the CFBP aims to bet on financial services stocks; large and small institutions are getting hit from all sides by the pandemic.

A variety of new tools and strategies are emerging to manage payroll, billing, balances and cash management, says Bank of America's Karen Ly.

After dropping for the past two years, reputation scores are once again rising, thanks largely to the goodwill banks have earned by helping customers and employees weather the coronavirus outbreak.

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds before the bank's December 2017 collapse.