Economy

Synovus has given CFO Kevin Blair the additional title of COO. He will oversee three business lines, plus tech, operations and product and treasury management.

The U.S. subsidiary of the Royal Bank of Canada has added bankers from MUFG Union Bank and Bank of America to its Orange County, Calif., team that serves the aerospace and defense industry.

Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015.

The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency.

An agency report said servicing portfolios have shrunk by nearly half in 10 years as much of the mortgage market has shifted to nonbanks.

With Brexit on the horizon, the volatility of the U.K. financial market has created an increased demand for more flexible financing among small and medium-sized enterprises. But a decade on from the 2008 financial crisis, the loans available for SMEs are still restricted by regulations on the total amount of capital that banks must hold.

Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.

Jason Brown explains why his company, Tally, helps consumers by paying their monthly balances, providing advice and offering a lower-rate credit line.

The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.

Ninety million Americans have an adversarial relationship with their finances, says Dee Choubey, CEO and founder of MoneyLion.

The regional bank is working with customers to help develop and launch new products, including a small-business credit card.

Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process.

Men on Wall Street take a cue from Vice President Mike Pence in refusing to dine one-on-one with women; Coinbase adds fertility benefits; and the CFPB has a new leader. Plus, Bank of America's Katy Knox gets promoted.

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.

The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.

A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams.

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.

Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.