Corporate finance

The California-based institution posted growth in loans but saw net income fall from a year earlier.

During its monthly meeting, the National Credit Union Administration board also approved a proposal to increase CU access to non-member deposits, a move bankers are already railing against.

The two lenders are bucking the trend for the overall industry, which saw year-over-year mortgage growth slide to a 17-year low in March, according to the Bank of Canada.

The McLean, Va.-based institution said that its capital hit a record $2.5 billion last year.

Credit unions on the Corda blockchain platform will be able to make payments via EFT with CU Pay, a product the CUSO plans to roll out next year.

Advancements are bringing improvements to risk and user experience, but global reach remains a top priority, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

IAM Community Federal Credit Union in Enterprise, Ala., voted last year to rebrand as a way to attract more members under its community charter.

The ranking Democrat on the Senate Banking Committee says he wants answers from the Financial Stability Oversight Council on efforts to address corporate debt risks.

To help pull off the biggest media deal of the year, JPMorgan Chase embraced a Wall Street practice that fell out of favor after the financial crisis.

For Western Union and MoneyGram, the threat of digital payments must be transformed into an opportunity if either company is to survive.

The San Francisco-based online lender, which has recorded nearly $450 million in losses since 2016, is taking aggressive steps to achieve adjusted profitability later this year.

Bank 34 will no longer sell mortgages in the secondary market as it looks to reduce its reliance on volatile revenue streams.

The central bank said that while financial markets' desire for higher yields raises the potential for losses, capital and liquidity safeguards temper any concerns about a looming crash.

The Atlanta company reported a first-quarter revenue increase of 22%, and it has established a more aggressive target for the full year.

The Odon, Ind.-based credit union also grew its membership to over 50,000, up more than 9% from a year earlier.

In his first extensive interview since taking the job this year, Javier Rodriguez Soler talks about banking as a service, how to keep customers happy and where he sees AI and other tech innovations heading.

The Maryland company has hired interim CEO Susan Riel to officially take over the post.

Las Vegas-based institution said its first-quarter net income was down about 21% from a year earlier.

Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells.