Economy

A horrific tragedy unfolded at Fifth Third's main building in downtown Cincinnati, when a man opened fire on bystanders in and around the lobby-level branch. Three were killed, and the gunman died in a shootout with police.

The French banking giant will lower its stake in First Hawaiian below 20% when the secondary offering is completed.

There are more credit unions in the Community Development Financial Institution Fund program than banks, but advocates are pressing for even greater involvement.

Blockchain technology has the potential to change the healthcare industry, placing the patient, at the center of the system by providing added security, privacy and interoperability to health data and payments, writes Donika Kraeva, strategic communications manager for Dentacoin.

Freddie Mac is promoting Executive Vice President David Brickman to president and will consider him among possible candidates to be the agency's next CEO after Don Layton retires next year.

As the demand for home rentals continues to rise, regulatory burdens could decrease the multifamily housing supply and drive up costs, witnesses said at a congressional hearing.

The Treasury Department and a key housing regulator are preparing to fill a second possible vacancy atop a U.S.-controlled mortgage giant, a move that could strengthen the Trump administration's hand in addressing unfinished business from the 2008 credit crisis.

The OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening.

While there are automated reconciliation and straight-through processing (STP) solutions for large businesses, small businesses, in particular, continue to be underserved due to their smaller and less frequent invoices, contends Blair Jeffery, COO of Noventis.

Maybe political winds or another downturn will spark housing finance reform. But 10 years after the conservatorships began, the companies are still in perpetual limbo.

From on-site clinics to 24-hour access to doctors, many of the 85 banks on our annual list provide unique health benefits to employees.

Finance students at Marquette University will make loans to small businesses in Milwaukee from a revolving fund seeded by Town Bank and held on the books of a local CDFI.

Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019.

The North Dakota Democrat bucked members of her own party in pushing for a bill reforming Dodd-Frank. She faces another uphill battle in November.

Readers weigh in on bank overdraft policies, react to megabank capital standards, respond to Sen. Heidi Heitkamp's tough re-election bid and more.

Doug Bass had been one of the South Dakota company's regional presidents. He succeeded Ken Karels, who remains chairman and CEO.

Wells Fargo is investigating employees in its investment bank for alleged violations of its expense policy after they tried to get the company to pay for ineligible evening meals.

The Detroit bank wants to focus on its core business instead, but other institutions have seen rapid growth in loans for recreational vehicles and other large pieces of transportation equipment.

Ismat Aziz is the Minneapolis bank's new chief human resources officer, the same position she held for the telecommunications company.

The Ohio regional will start offering advisory services to professional athletes after it buys Franklin Street Partners.