Economy

Community banks need profit and diversification opportunities, while marketplace lenders may find mergers to be the easiest route into the banking system.

When retailers first started developing mobile wallet apps, they did so to fight back against Apple Pay and the banks. Today, they are working against a bigger threat: Amazon.com.

California Bank of Commerce in Lafayette has hired a veteran credit administrator to help expand its small-business lending.

Goldman Sachs' newly launched consumer lending website is aimed at some of the very same customers that big banks and marketplace lenders covet, yet there are plenty of questions about its business plan, its ability to manage credit risk and the prospects of online lenders in general.

West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.

As Fannie Mae and Freddie Mac continue to experiment with upfront risk-sharing deals, some small mortgage lenders fear they will be left out of the action.

It's official: Goldman Sachs, the Wall Street investment banking titan, now offers consumer loans.

The head of the international Basel Committee on Banking Supervision underscored the importance of international consistency in banking standards in comments Wednesday before the European Parliament.

A top Wells Fargo executive and a former employee painted very different pictures of the culture and oversight at the San Francisco bank during a hearing by a California Assembly committee on Tuesday that probed the opening of 2 million phony accounts.

The new prepaid rules make it harder for bad actors to enter the industry while also being broad enough to apply to future digital products.