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The project will deploy $20 million as secondary capital to expand economic relief and financial inclusion, and follows a $1 million project last summer aimed at helping low-income consumers in Rust Belt cities.January 14
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Walmart's fintech venture with Ribbit Capital gives it a way to influence more technological developments in the retail industry.January 12
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Flush with excess capital, Bank of Montreal, TD Bank and others say they might be in the market to do a cross-border deal.January 11
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Bank stocks have climbed because of expectations that the change of power in Washington will hasten vaccine distribution and speed the economic recovery. The boost could give executives more flexibility to pursue acquisitions or make other strategic moves.January 11
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Organizers of First Bank of Central Ohio will need to raise $20 million before it opens.January 11
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After nine months of stockpiling capital to ensure they could withstand the strains of the pandemic, Canada's biggest banks are facing a new problem: how to spend all that extra money.January 8
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The company is also looking to hire more senior lenders as it expands in markets around Los Angeles and San Diego.December 24
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Organizers of the proposed Legacy Bank must raise $25 million before opening.December 24
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Venture capitalists will shift their focus to fintechs that support financial inclusion, according to Emmalyn Shaw, managing partner of the VC firm Flourish. Meanwhile, challenger banks will continue to grow, she says.December 21
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The rule change will allow credit unions to raise more capital to help their members, not line the pockets of investors, as bank lobbyists claim.December 18
President and CEONational Association of Federally-Insured Credit Unions
