Economy

Even before Tim Sloan stepped down as chief executive of the scandal-stung Wells Fargo, the bank had already gotten back into the good graces of the biggest U.S. state.

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud.

The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank.

Under the plan, large banks would have to hold additional capital if they purchase another bank's "loss-absorbing" debt that is used to contain fallout from a collapse.

New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.

Financial startups are becoming important partners for community banks and credit unions, despite lobbying efforts to limit their growth.

The mortgage industry is stepping up its fight against a bill that would raise the Department of Veterans Affairs' mortgage fees to cover medical costs for Vietnam vets.

The central bank will hold an open meeting April 8 to consider revisions to "living will" standards and the tailoring of rules for overseas banks.

The Office of the Comptroller of the Currency has promoted Maryann Kennedy to oversee about 800 OCC examiners who supervise the largest banks.

On Dec. 31, 2018. Dollars in thousands, except for average loan amount.

While regulators now seem eager to help, organizers are discovering that they must raise more capital and have diverse business models to get charters approved.

The board of the Federal Deposit Insurance Corp. on Friday made several proposals meant to simplify post-crisis rules, prompting opposition from its most recent former chairman.

Under the hood of U.S. Bank's new mobile app; BofA, Wells Fargo sour on blockchain; are Fannie and Freddie too big?; and more from this week's most-read stories.

Linda McMahon is planning to step down from leading the Small Business Administration to help raise money for President Donald Trump’s re-election campaign, according to people familiar with the matter.

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis.

The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.

Some institutions have benefited from revitalization in the Motor City but just as consumers fled for the suburbs decades ago, most CUs in the area are headquartered outside the city itself.

The central bank said the supplemental document “provides significantly more information on the stress test models that are used to project bank losses, compared to disclosures from past years.”

Freddie Mac exchanged existing bonds from its portfolio for mirror certificates for the first time, completing a key test that is central to the creation of a uniform mortgage-backed security.

As more national banks leave smaller communities and focus on large customers, fintechs are creating an "Uber effect" with an easier experience. Small businesses are increasingly looking to borrow money and fund their growth initiatives, and need a partner who can deliver, argues William Phelan, president of PayNet.