Demographics

The campaign comes in the light of recent research that shows the state to be one of the best for millennials.

Banks are going to great lengths to sign up the so-called mass affluent for their credit cards. How far is too far?

Regulators need a principles-based approach that seeks to position boards as watchtowers for their banks while not subjecting directors to overly burdensome restrictions.

A big part of the reason banks find it tricky to attract millennials is that not all millennials are attracted to the same thing.

Cards, e-wallets and transfers are all necessary for merchants to attract younger consumers to recurring payments, writes Artem Tymoshenko, CEO of MaxPay.

Apologies to those yearning for escapism, but it is hard to escape turmoil — in financial services, in the economy and in civilization — in this year’s reading list. That said, these weighty topics promise to stimulate the mind: How AI will disrupt employment; dystopian imaginings and real-life histories of societal shifts; the necessity of collaboration; bitcoin’s path from obscurity to relevance; the need for leaders to make sacrifices; and more. Recommendations are courtesy of American Banker readers, editorial staff and BankThink contributors.

Lansing, Mich. is working with area financial institutions -- including a local credit union -- to open accounts for people coming out of prison.

The online small-business lender has also announced the hiring of a new U.S. head of capital markets.

The New York-based company saw its fortunes fade after riding an earlier wave of investor enthusiasm about marketplace lending.

Lansing, Mich., is working with area banks to open accounts for people coming out of prison.

Michael Cleary, Santander's head of consumer and business banking, and Robert Rubino, a former executive vice president at Citizens Financial Group, will share duties while overseeing their own business units.

As young people mature, their financial and payment needs mature, as does their use of technology and other emerging innovation.

Millennials already comprise a growing part of the auto market, and they'll gain significant ground by the end of the decade. Is your credit union prepared?

The $1.5 million investment will help Grameen America make more small-dollar loans in the Midwest.

Banks continue to struggle in wooing millennials, but their customer acquisition challenge is about to get even more complicated as Generation Z comes of age.

The online lender, which focuses on high-earning millennials, is offering assurances that it will also serve Americans who make less money. But the company has not convinced critics, who say the plans are inadequate.

The eight winners of an annual fintech competition will receive $250,000 in capital and resources.

One might assume, wrongly, that the successful fintech entrepreneurs are millennials who are only creating lifestyle apps for their age bracket.

The city has spent more than a decade working with nonprofits and banks to encourage people to open deposit accounts. Outreach and special products have lowered the unbanked rate in San Francisco to 2.1% in 2015 from 5.9% in 2011.

The moves could position Christopher Gorman and Don Kimble as potential successors to CEO Beth Mooney.