Industry News
Industry News
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The Consumer Financial Protection Bureau asked a federal judge to force Block to fully comply with a pair of investigative demands related to its Cash App payments tool.
August 21 -
The new Hello Alice Mastercard small-business credit card, MUFG's possible deals to buy two home credit lending units in Southeast Asia, and more in banking news this week.
August 19 -
With financial literacy apps, scholarships and college-team sponsorships, credit unions are fighting for market share among students.
August 19 -
The credit union's CEO said a state judge supported the regulatory opposition to its bid to acquire Premier Bank in Omaha, effectively killing the deal.
August 19 -
Citigroup's markets operation had hundreds of blind spots, allowing for potentially abusive transactions to go unnoticed in almost 900,000 trades processed every day at the bank's Canary Wharf headquarters for more than two years.
August 19 -
U.S. central bankers offered divergent signals over the size of the next interest rate hike, with St. Louis's James Bullard urging another 75-basis-point move while Kansas City's Esther George struck a more cautious tone.
August 18 -
The seller, Farmers Bankshares, has $609 million of assets and eight branches.
August 18 -
Royal Bank of Canada is asking employees to come to the office more often, an early sign that the country's big banks may follow their U.S. rivals in cutting back on remote work.
August 17 -
Bank of America said overdraft-service fees plummeted 90% after it took steps to ease off on the charges, which have been under fire from lawmakers.
August 17 -
Area Federal Credit Union in Aberdeen, South Dakota, has named Stephen Streirer as its new president and CEO. He replaces Robert Goscicki, who resigned last month.
August 17 -
Corporations are navigating shifting geopolitics, and M&A bankers are advising them as they consider selling off faraway units and focusing more on assets closer to home or in friendlier countries.
August 17 -
In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.
August 17 -
Citigroup has sued Revlon in a bid to resolve a nagging legal question that emerged after the bank mistakenly wired $900 million to the cosmetics giant's lenders and intensified after Revlon filed for bankruptcy.
August 15 -
A growing number of Wall Street banks are willing to trade Russian bonds that were once viewed as untouchable.
August 15 -
The Sunshine State has been a hot spot for transactions involving credit unions buying community banks in recent years, and Harvesters Credit Union is furthering this trend with a deal for First National Bank Northwest Florida.
August 15 -
The Pittsburgh-based company is no longer assessing NSF fees to customers whose accounts don't have enough money to cover certain transactions. It is the latest bank to revise portions of its overdraft policy amid a raging debate about the fairness of such charges.
August 12 -
Mitsubishi UJF's direct lending move, a fintech capital raise and more in banking news this week
August 12 -
The West Virginia bank said its acquisition of Integrated Financial Holdings in North Carolina would give it SBA and USDA lending teams that have originated more than $1 billion of loans since 2018.
August 12 -
Marianne Lake, the company's co-chief executive officer of consumer and community banking, will serve a one-year term on the Federal Reserve Board's Federal Advisory Council. She represents the New York Fed.
August 11 -
Harry Madonna, the Philadelphia bank's founder, has taken back the reins after its most recent CEO, Vernon Hill, said he was forced to resign.
August 11





















