Economy

The acquisition of the Texas-based lender will help Regions expand its offerings to small businesses while adding about $2 billion of loans to the bank's balance sheet.

Credit unions that don't embrace digital retailing as part of their auto lending strategy will end up spinning their wheels.

As the COVID-19 virus spreads globally, many U.S. financial institutions are said to be taking steps to protect employees and minimize disruption. But only a handful are sharing specifics, to avoid contributing to any public panic.

The technology can quickly sift through and analyze contracts, nondisclosure agreements and other legal documents, says InCloudCounsel's Troy Pospisil.

In every segment except people older than 64, a majority would consider banking with Apple, Google, Amazon or Facebook, a new survey finds.

Giving more Community Reinvestment Act credit to such partnerships will help low-income communities, despite industry concerns.

Organizers of Gulf Atlantic Bank must raise $12 million in capital before opening.

The agency plans to conduct a review of how it regulates the 11 Federal Home Loan banks amid concerns that some companies are inappropriately seeking a back door into the Home Loan Bank System.

The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy.

Lawmakers have also criticized the agency's decision to create qualifying standards for farmers and other small businesses.

Freddie Mac elevated Corley to executive vice president and head of its single-family business, putting her permanently in the role she occupied since last October.

The money will help moderate- and low-income communities in Detroit and Cleveland.

Under the partnership with Fundation, Fifth Third will offer loans and credit lines up to $100,000 that can be funded in as little as a day.

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

The game has changed and bank executives will have to do more homework before striking a deal.

London mobile point of sale fintech SumUp has launched a prepaid business Mastercard to its line of small business products.

Long-term success in the adoption of cloud technology requires a focus and integration of cloud within the broader business transformation plan, says Unisys' Maria Allen.

Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.

The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.

Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.