Corporate finance

Several firms are betting they will be able to help banks create platforms that allow customers to design their banking services.

The Federal Deposit Insurance Corp. is set to release its quarterly barometer of the banking industry on May 24.

China’s internet titans are set to supply ample evidence that online spending continues to defy a slowdown in the world’s second largest economy.

Wells said slowing loan growth had hurt its aggressive efforts to lower its efficiency ratio, so it is doubling the expenses it aims to cut by 2019.

The Pasadena, Calif., firm also reported growth in the number of active prepaid cards for the first time since the second quarter of 2015. Profits rose by 24%.

Once focused mainly on growth, the New York-based small-business lender said it will lay off employees and cut other expenses in an effort to become profitable. The moves are a sign of waning patience among investors in the once-frothy sector.

By banding together, banks can negotiate better terms with startups and other tech companies, FIS' chief operating officer says.

The card network and the aid organization have also worked together in China and Myanmar.

Readers weigh in the effect of Federal Reserve actions on wealth distribution, how a new startup could reduce overdraft fees, Watson's attempts to catch rogue traders, and more.

The online consumer lender has struggled to bounce back from a scandal that turned its fortunes a year ago.

First Financial in Ohio says financial health tools for its clients’ employees will build more lasting commercial banking relationships.

Square Inc. is on a roll, proving that it’s not just a niche payments player but rather an all-inclusive business management platform for small companies.

In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures it says regulators have deemed "inappropriate."

The Federal Reserve’s next policy actions will have profound impact on whether the U.S. income and wealth gap grows even wider.

Greig, who orchestrated FirstMerit's sale to Huntington Bancshares, joined Opus' board last month.

The company's earnings fell 20% from a year earlier, reflecting $5 million in restructuring charges and a higher loan-loss provision.

A one-time capital gain in last year’s first quarter obscured strong loan and deposit growth at BNP Paribas' U.S. subsidiary.

Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter profit by $441,000.

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

Mastercard is trying very hard to get people to use "Masterpass" as a verb, and there is more to this mindset than promoting the card network's digital wallet.