Economy

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small-business development and job creation to help future homebuyers.

The international panel issued a consultative document outlining suggested updates to its so-called Pillar III disclosure rules, including simple and comparable metrics for market risk, counterparty credit risk, operational risk and Total Loss Absorbing Capacity.

United Security Bancshares in Thomasville, Ala., has agreed to buy a three-acre parcel near Birmingham, Ala., for a new executive office and retail branch.

Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change."

Nothing accelerates innovation quite like a new car. But before consumers can outfit their vehicles with James Bond gadgetry, they need a way to pay for it all from behind the wheel.

Traditional financial institutions are often seen as the outdated rival to new disruptors, but the idea that a bank can't be a marketplace lender, and vice versa, is a myth.

Startups, including one in the virtual currency field, have approached the Office of the Comptroller of the Currency about applying for banking charters, the agency's chief counsel said Thursday.

Foreign banks including HSBC and Deutsche Bank are pushing back against the Federal Reserve's proposals on implementing rules designed to end too-big-to-fail, saying they are burdensome and unfair to the U.S. units of the world's biggest lenders.

Square is "betting big on Near Field Communication," but not to the point the company would consider bringing back its own Square Wallet app, CEO Jack Dorsey says.

A mature governance framework and risk culture that reaches all employees are among the attributes of a high-functioning "risk organization."

Hillary Clinton said she would consult with Sen. Elizabeth Warren, D-Mass., on any choice for Treasury secretary.

Prosper Marketplace is rebranding a personal-finance app that it acquired last year, a key part of the firm’s efforts to engage more frequently with its borrowers.

Citizens Financial Group will build a new office complex in Johnston, R.I., and consolidate about 3,200 workers at the location.

While this presidential race seems to change by the minute, some bankers are beginning to worry that an increasingly likely Donald Trump nomination could threaten GOP control of the Senate and key industry priorities.

Retirement was good for Pamela Joseph, former head of U.S. Bank's Elavon business, but not enough to overcome the lure of a high-level executive role at Total System Services, a company rapidly transitioning into a new age of digital payments.

The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declared bankruptcy or dies. Because private student loans are often sold and securitized, some companies' promises to eliminate so-called "auto defaults" are not being upheld.

Federal Reserve Board Gov. Lael Brainard's contributions to Hillary Clinton's 2016 presidential campaign is drawing the ire of some members of Congress who already question federal regulators' political autonomy.

The "too big to fail" debate raises a critical question that is seldom asked, much less answered: Do megabanks serve a critical function that justifies their undeniable risk to the financial system?

The Office of Financial Research released a study showing that the Federal Reserve's stress testing models may be undercounting banks' exposures to credit default swaps by not considering indirect exposures.