Investments

Menusifu receives a $3 million round to boost a system that integrates with Alipay and WeChat Pay, enabling Chinese travelers to make direct payments with renminbi from Chinese bank accounts and digital wallets.

An internal CFPB memo says it was considering a $10 billion fine before settling on $100 million; state suit against credit bureau is likely to be the first of many.

The Dutch government sold a third stake in ABN Amro Group NV, taking advantage of a rally in the shares of the nationalized lender.

CU in Vancouver announces distribution via redemption, dividend on shares.

The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have signed off on an abbreviation of the settlement cycle for securities to two days from three days.

An ex-banker running for governor has proposed the idea. It's a political perennial, but industry officials are nonetheless raising concerns.

It’s not clear whether syndicated credit agreements require 100% investor consent before adopting a new benchmark. The industry trade group suggests giving new loans the flexibility to change indexes without unanimous approval, but investor advocates are balking.

Bryn Mawr Bank has launched a mutual fund at a time when heightened competition and regulatory oversight are the norm.

In an in-depth Q&A, early bitcoin adopter Erik Voorhees, founder of the crypto exchange ShapeShift, discusses a new acquisition, an experimental investment product and the future of his industry.

KeyBank is the latest to join the robo-adviser trend. Its investment services unit just announced a partnership with Jemstep, which is eager to do more such deals with banks now that it is owned by Invesco.

Synchrony completed its spinoff in 2015 from General Electric Co., a company that Warren Buffett helped prop up during the financial crisis.

Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get.

Credit risk transfers have emerged as more than just a method for mitigating taxpayer exposure. They could be a key component of comprehensive housing finance reform.

So-called transitional lending has traditionally been kept on balance sheet; but it’s become attractive to bundle the loans for transactions called (take a deep breath) commercial real estate collateralized loan obligations. Can investors stomach the features these deals sported before the crisis?

The regulatory agency is expected to start asking for public feedback on changing the rule on proprietary trading by banks; bitcoin offshoot is worth about a tenth of the original.

Through the partnership, Clarity Money customers can use Acorns’ automated investing features, while Acorns users can see a snapshot of their investing activity in the Clarity app.

Atlantic Bay Mortgage Group has agreed to buy a majority stake in Virginia Community Bank in a rare instance of a nondepository mortgage company buying a bank, rather than the reverse.

Now that the Federal Reserve has raised short-term rates four times in the past 18 months, all eyes are on deposit costs as banks seek to keep pricing low and fatten margins. But that effort is complicated by the fact that banks must prepare for the unwinding of the Fed's balance sheet and consumers' rapid adoption of mobile deposits.

Payments company rises as hot premium cards fly under its banner; despite the improvements, analysts have concerns about growing credit quality issues.

On March 31, 2017. Dollars in thousands