Economy

The Democratic presidential candidates sparred over Wall Street reform Tuesday evening, debating how to best tame the banking industry roughly seven years after the financial crisis.

Since the G20 agreed in 2009 to route most over-the-counter derivatives through central counterparties, or CCPs, regulators have been increasingly concerned that those centers could pose a catastrophic risk to financial stability if they fail. But a years-long standoff between the U.S. and Europe is delaying efforts to deal with the risks they pose.

Democratic presidential front runner Hillary Clinton last week became the latest presidential candidate to outline her views on Wall Street reform, taking an incremental approach that tried to strike a balance between pleasing the liberal base while not taking a radical stance on issues. Following is how her plan compares with her competitors, both Republican and Democrat.

Banks are being "unbundled" by challengers in numerous business lines, but they can recapture the relationship with the help of technology and the right mindset.

To identify fintech startups deserving of special recognition this year as part of the FinTech Forward program, a team of American Banker editors, BAI staff and industry members debated the merits of self-nominees and companies we know.

Valley National Bank in Wayne, N.J., has named Bernadette Mueller senior Community Reinvestment Act officer.

Cullen/Frost Bankers will consolidate about 175 employees at a new office tower in Fort Worth, Texas, for which it will also be the anchor tenant.

OnDeck Capital has hired Gary Fearnall as its country manager for Canada.

EMV card acceptance has often been pitched as a catalyst for mobile wallets, since the terminal upgrades needed to accept EMV-chip cards could also enable contactless mobile payments. But mobile and EMV are not always on the same path.

In a new book, PayPal founder and former exec Elon Musk argues that big thinking is missing from PayPal and payment startups. Put another way, NFC and QR codes won't repair the global economy. The problem is Musk's big-picture approach is it would challenge interoperability and ultimately stagnate the very industry he's trying to save.

The British government and a trade association are trying to nationalize open loop contactless payments for transportation, a project of staggering scope designed to provide seamless rider transactions for buses, trains and local mass transit systems.

Democratic presidential front-runner Hillary Clinton’s first major speech on Wall Street reform Thursday is unlikely to persuade skeptics on the left that she is committed to going further than President Obama on the issue. Here’s why.

WASHINGTON — The Consumer Financial Protection Bureau warned lenders Thursday to avoid marketing services agreements where payment for advertising is really just disguising kickbacks.

The digital-age industry sells borrowers on its speed. But it remains captive to outdated technology that can delay the delivery of funds by several days.

Old National said that by owning the branches instead of leasing them, it would have greater control of the properties, classify the branches as assets on its balance sheet and become more efficient.

U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.

WASHINGTON — The House voted 303 to 121 on Wednesday to pass a bill that would delay enforcement of new mortgage disclosures that went into effect on Oct. 3.

Traditional banks avoid the short-term-credit market because its customers demand a level of customer service that is inconsistent with current models of retail banking, the head of a payday lending group writes.

The U.S. version of an international liquidity rule may include additional factors that make it harder to accurately compare between banks or examine the same institution’s liquidity holdings over time, according to a paper issued Wednesday by the Office of Financial Research.

Empowering women to become more financially independent has been a hallmark of Lori Chillingworth's career as a small-business banker. Now she's on an even bigger mission: to help more women in Utah gain seats on corporate boards and compete for political office.