The Wisconsin-based institution has returned more than $11.7 million to members over the past six years.

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements.

Completing the deal before the new year would let the merged company avoid an earnings hit in complying with the Current Expected Credit Loss accounting standard and give it more flexibility on capital adjustments.

Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees.

The credit union retains a strong net worth position and saw a nearly 5% increase in members during the first three quarters of this year.

The Honolulu-based credit union saw a nearly 7% increase in new members, thanks in part to an expanded branch presence in West Oahu.

Square Cash generates a lot of revenue – and the road to Square’s success is the Cash P2P app, along with Seller tools, as its two curated ecosystems that are cross-selling their way to profitability.

The Las Vegas-based institution reported that its net interest margin rose during the third quarter of 2019 as consumer loan balances increased.

The Dallas company said it should be able to avoid restating past financial results. It also reported higher quarterly earnings helped by increased mortgage activity.

The San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years.

Issuance of securities backed by the ostensible Libor replacement hit by money market turmoil; Jho Low will surrender luxury assets.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

The credit they received in the third quarter is helping to soften the blow from falling net interest margins and weakening loan demand.

Treasury secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.

Bank of America plans to pay its employees special bonuses for a third straight year after reporting record earnings in four of the past five quarters.

Mastercard is aggressively building a business payments ecosystem as it keeps an eye on political headwinds it has little control over.

Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months.

The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings.

The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.