Economy

The startup Rho argues that small firms still have unmet needs, especially tracking cash flow in real time.

Brendan Coughlin will succeed Brad Conner as head of consumer banking, and Beth Johnson will be the bank's first chief experience officer.

BB&T and SunTrust showed that big-bank mergers are still possible, but top executives at other large regional banks say that a knee-jerk response would be a mistake.

Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.

Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.

Big Tech’s entry into the financial services space and changes in consumer behavior patterns could push some institutions away from Facebook and Twitter, but a host of new platforms are vying for the industry's attention.

The sale comes just three years after the San Francisco bank bought the platform.

The international regulatory group said that despite some benefits from tech firms' incursion, the companies' efforts may present operational and disruption risks.

Credit unions today regularly receive monies from the CDFI Fund, but it wasn't always that way. Here's a look back at the last quarter-century and the progres that still needs to be made.

Cost cutting and systems integrations are short-term priorities, but over time CEO Kelly King and his heir apparent, Bill Rogers, will have to exploit the combined BB&T-SunTrust's revenue potential and prove the biggest post-crisis merger was a good idea.

The company will merge Fidelity Savings and Loan and Washington Savings Bank into its own bank.

The percentage of farm lenders losing money hit a six-year high in the third quarter, according to the FDIC.

A day after House Democrats urged the banking agencies to unite behind a joint plan to update the Community Reinvestment Act, Senate Democrats worried that an impending proposal from the OCC and FDIC will reduce access to credit.

The largest U.S. bank will share data through application programming interfaces with a sometimes-controversial data aggregator.

A report from the Financial Stability Oversight Council cited a bigger share of originations and servicing by nonbanks as a potential vulnerability in the financial system.

Her comments signaled cooperation between the two agencies on a coming proposal to revamp the Community Reinvestment Act, but she raised questions about CRA assessment areas and developing a single compliance metric.

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet.

In some ways, the moves are natural for tech startups with financial ambitions. Despite the growing success of fintech upstarts hailing from San Francisco, Wall Street institutions remain on top of the financial world.