Corporate finance

Legal costs and legacy issues related to previous management continue to weigh on the online lender's results.

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations.

Costs rose at the global bank, profit in North America fell 16% and questions are mounting for new CEO John Flint ahead of the release of his strategic plan.

The bank’s head of global capital markets is joining a private equity firm; Jefferies mortgage bond trader is freed from prison.

Fannie Mae's first-quarter profits were enough for it to rebuild its minimum capital buffer and pay the Treasury Department dividend after being forced to take a draw during the previous fiscal period.

MetLife and Prudential exceed expectations; cybercurrency desk will trade contracts linked to the digital currency’s value.

Mastercard's CEO sang the praises of a single "button" for online purchases, a stance that puts heat on online payment leader PayPal without the whiff of a direct attack.

If Freddie Mac's credit-risk transfer activities continue to grow, mortgage lenders could eventually see a reduction in the guarantee fees they pay to the government-sponsored enterprise, according to CEO Donald Layton.

Because of the Durbin amendment, the once-prized asset has become an albatross. Spinning it off will remove a distraction and let management refocus on business banking.

The U.S. subsidiary of the Spanish banking giant BBVA said Friday that direct consumer loans increased 40% in the first quarter and that its digital strategy is bearing fruit.

The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million.

Record originations on "better-yielding" used-car loans helped drive a 14% increase in its first-quarter profit. But Ally's shares were down Thursday on concerns of rising deposit costs.

Visa CEO Alfred Kelly is less publicly adversarial toward market rival PayPal than his predecessor Charlie Scharf, even as Visa's push for a "single button" for online payments seems to undermine PayPal's business model.

The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said.

Bank’s net income plunges, will focus on Europe growth; FTC says the company charged hidden fees.

Mobile and other technology are changing payments and financial services quickly, leaving legacy systems and processes challenged to keep up, writes Ignacio De Marco, CEO of BairesDev.

Spending on Visa Inc. debit cards — the favored plastic of the younger set — continues to grow at a faster clip than on credit.

Double-digit growth in personal loans and record wealth management revenue also helped the Tulsa, Okla., beat earnings forecasts.

The company, which reported a slight decline in loans, lowered its expenses during the first quarter.

The Florida bank's placement of all taxi loans on nonaccrual status in recent months strengthened its bottom line in the first quarter.