Economy

HUD Secretary-designate Ben Carson is all but certain to get confirmed to his post—unless he makes a major mistake during his confirmation hearing.

The OCC's limited-purpose fintech charter will separate the healthiest fintech companies from the unhealthy ones — leading fintech one step closer to disrupting the incumbents.

Simple innovations -- such as those that would bring the underbanked into the financial mainstream -- are often stymied by regulation, says Bank of America CEO Brian Moynihan.

Nondepository lenders are beating their bank competitors when it comes to both digital innovation and market share in the mortgage industry. As interest rates rise, banks will need to move toward electronic closings and adopt other innovations if they want to stay competitive.

Wells Fargo has separated the roles of chairman and CEO and, as annual meeting season approaches, other large and regional banks could find themselves under pressure to follow suit.

An influx of new people to the Pacific Northwest and Southeast could have big implications for banking, from M&A to de novo efforts.

It's tougher for women-led technology companies to raise money from venture capitalists—or any investor—than it is for men. But the challenge is deeper than overt sexism.

Integrations with software as a service providers are enabling small online retailers to partner with and compete against the mega-retailers across all major channels.

Gov. Andrew Cuomo wants to give the state's banking regulator the power to ban "bad actors" from working in financial services, allowing it to step in when federal agencies refuse to act.

F.N.B., Iberiabank and Simmons First are among the banks entering new regions. A growing need for scale and increased use of technology are among the reasons for their aggressive moves.

Regions Financial in Birmingham has named José S. Suquet, the president and CEO at Pan-American Life Insurance in New Orleans, to its board of directors.

The dominance of the sector by the Big Four accounting firms poses its own systemic-risk concerns and prompts questions about how other mega-companies are audited.

The Department of Housing and Urban Development has charged Bank of America with discriminating against prospective Hispanic mortgage borrowers at a branch in Charleston, S.C.

American Express has prevailed in its latest round of legal sparring with the Justice Department.

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.

WASHINGTON — The Senate Banking Committee is scheduled to hold a hearing Jan. 12 on the nomination of Dr. Ben Carson as secretary of the Department of Housing and Urban Development.

2016 was very good to these financial services executives, who succeeded where others failed, sold their businesses for large sums, felt the love of regulators or could finally breathe a sigh of relief.

Any method for unwinding too-big-to-fail institutions that tries to avoid bailouts is a fool's errand. A more effective path may be reducing the size of TBTF banks or regulating them as utilities.

Loan modification activity has fallen dramatically at national banks over the past year, according to a report released Wednesday by the Office of the Comptroller of the Currency.

F&M Bank Corp. in Timberville, Va., has acquired Valley Southern Title in Harrisonburg, Va.