Financial institutions

Not only did Walmart's bid for an industrial loan company galvanize bankers, it also turned the ILC world upside down.

Financial institutions increasingly depend on large tech companies such as Google and Apple for infrastructure, said the group that runs the World Economic Forum, stopping well short of recommending regulatory changes.

It is the largest equity investment that Clearinghouse CDFI has received in its two-decade history.

How do you restore profits after a banking scandal that victimized both customers and employees — without inflicting more pain on either side?

Sanger is out at Wells Fargo and so it is a crisis that gives us our first female board chair at a major U.S. bank. Women lead two major tech initiatives at JPMorgan Chase, which is also adding a fourth woman to its executive committee.

Prudential Financial is laying the groundwork to escape the government's label that it's too big to fail, a move that would dramatically reduce federal oversight of the largest U.S. life insurer.

More than a decade after Walmart’s unsuccessful banking bid, the core reasons to oppose nonbank conglomerates owning banks remain the same.

After a long dry spell in the industry, de novo banks are coming back, thanks to renewed interest from both investors and regulatory agencies, according to Tom Michaud, CEO of Keefe, Bruyette & Woods.

In the midst of a public feud between federal regulators on the right process for chartering new banks, Federal Financial Analytics argues that regulators should instead focus on loosening capital standards for new industry entrants.

Duke, currently vice chairman, was rumored to be a likely contender for the chairman spot last week.