Economy

Loyal Trust Bank will have a large number of Asian-American investors and board members.

Royal Bank of Canada's Dave McKay told investors on Tuesday that he's increasingly worried about the so-called FANG companies — Facebook, Amazon.com, Netflix and Google parent Alphabet — getting into banking.

Women are being driven from high-technology jobs by lingering male-dominated culture, and Christine Lee is calling on colleagues with high-profile positions to take responsibility for changing that.

Over five years as CEO of WEX, Melissa Smith has led the international corporate payments company through several quarters of growth through organic expansion and acquisitions. One of her signature moves is the artful use of partnerships to extend WEX’s payments technology in the fuel card, health care and travel sectors.

Apps that let people access their pay on demand have become wildly popular. Do they solve a problem, or are they Band-Aids?

It took less than six months to hammer out the biggest bank merger in more than a decade, and the price was one of the last things discussed, according to a new federal filing.

The Nusenda Credit Union Foundation, which is being honored with a Wegner Award, works with its partners to find creative solutions to unmet needs, including its mircolending program, Co-op Capital.

Mark Calabria, who could be confirmed as early as this month, is expected to focus on changes to Fannie Mae and Freddie Mac’s conservatorships to let the mortgage giants keep more of their profits.

Until now, Toyota Financial Services has offered banking services to its dealers. But as it builds its digital bank, that will soon change, according to its newly appointed chief information officer.

SIFMA approval could bring new competitors and housing finance reform; number of applications rose but amount borrowed still lags other firms.

Direct blockchain transfer of relief goods can help organizations navigate government bureaucracy quickly, avoid the potential mishandling of funds by intermediaries, and expedite aid to exactly where it is most needed, according to David Uhryniak, a blockchain services leader at Crowe LLP, and Brian T. Zygmunt, a partner at Crowe.

Readers consider Square's bid to become an industrial loan company, weigh the Federal Deposit Insurance Corp.'s oversight of brokered deposits and debate reforms to the Consumer Financial Protection Bureau.

The bank will fund community development financial institutions that lend to women-owned businesses backed by the fashion designer's foundation.

Adding new mobile payment methods and integrated platforms can take some of the sting out of processing issues for small to medium sized businesses, according to Tina Hsiao, vice president of risk and chargeback operations at WePay.

Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.

The revisions would emphasize activities-based regulation over labeling individual firms as systemically risky.

The Federal Reserve voted Wednesday to keep the countercyclical capital buffer at its current level of zero, ending some speculation that the board could be looking at a possible increase.

The central bank is limiting the use of its qualitative objection in this year’s stress tests, the agency announced Wednesday.

After converting to a mutual savings bank in 2013, the former CU is set to become a fully stock-owned company.

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.