Capital markets

Murphy Capital Management in Gladstone, N.J., focuses on high-net-worth individuals, businesses and nonprofits.

Royal Bank of Canada got an earnings boost from its U.S. capital markets business and its ownership of City National Bank in Los Angeles, helping to offset softer growth at home.

Long Game uses behavioral economics and the mass popularity of lottery games to redirect lottery spending toward savings.

Diebold Nixdorf, on a mission to expand its omnichannel banking and retail offerings, has formed a strategic partnership with Kony Inc., a maker of white-label mobile applications.

The trend of putting ever-smaller pieces of the same commercial mortgages into multiple securitizations requires investors to be extra careful, and will inevitably make workouts of bad loans more complicated.

Suni Harford is off to UBS, and Shaza Andersen is selling the bank she founded. Also, you should hear how venture capitalists talk about female entrepreneurs.

Paytm, India’s largest digital payments startup, raised $1.4 billion from SoftBank Group Corp. in the largest funding round from a single investor for the country’s technology sector.

Investors have poured $15 million into Nymi to help the Toronto startup commercialize its wearable authentication technology.

JPMorgan Chase, which already made a $10 million investment in mobile payments and loyalty provider LevelUp, renewed its interest in a just-completed $50 million round of funding.

Brendan Dickinson of Canaan Partners says PFM startups have deep relationships with customers, unlike online lenders, but the revenue model isn't as strong.

The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed ledger projects as they try to pick the winners in a young field.

Fifth Third, Huntington Bancshares and KeyCorp are among the companies backing an effort to bring startups to the Buckeye State.

Navient and Nelnet, the two largest student loan servicers, avoided downgrades on some $18 billion of bonds by extending their maturities. Getting the required consents from investors would normally take ages, but recent innovations speeded the process.

Freddie Mac's serious delinquency rate dropped below 1% for the first time since 2008, lending credence to its efforts to expand credit access.

Sweeping new data-sharing rules require a substantial IT revamp at large financial institutions.

After such a period of collective euphoria following the November election, how does the manager of a large institution explain a declining stock price to investors?

Europe's Payment Services Directive, or PSD2, has almost everything a technology vendor would want. It affects an entire continent, and it involves both sweeping new data requirements and a substantial IT revamp for large financial institutions.

The funding comes as the financial services industry continues to search for safer ways for customers to share their account data with third-party apps.

Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing similar proposals related to this goal.

Double-digit gains in assets under management and administration and higher interest rates more than offset rising expenses.