Investments

The coming year will bring a wave of data-sharing deals between banks and fintechs, increased bank use of automated advice, marked changes to financial jobs as a result of automation, and much more.

The $25.5 billion-asset company has also restructured its securities portfolio as part of a broader effort to reduce costs and improve profits.

KKR, which has a substantial financial services portfolio, has made a $75 million equity investment in Cross River Bank, part of an overall $100 million capital raise. Cross River will use the funds to expand the technology and compliance infrastructure that it provides to fintech organizations.

Many digital-only robos are slowly adding human advisors.

The New Jersey bank is offering fintechs ways to stay compliant with consumer protection regulations.

Ninety million Americans have an adversarial relationship with their finances, says Dee Choubey, CEO and founder of MoneyLion.

The CFTC's plan to walk back rules for swap-trading platforms will give big banks a leg up and hurt asset managers looking for better prices and more transparency, according to Citadel Securities, one of the world's biggest trading firms.

The Fed wants more information on Treasury and mortgage-backed securities; will overlook compliance failures resulting from pilot programs.

The House Financial Services Committee chairman said "so far, the United States Senate has done nothing" on a bill that passed the House with over 400 votes.

A 2016 law expanded credit union powers in the Great Lakes State, but it also capped how CUs can invest in GSEs – a move that nearly cost one institution $6 million.

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options.

Tom Walker will retire at the end of next year. The company is currently considering two internal candidates to take over.

The National Credit Union Administration on Thursday approved a two-year budget as the board credited the merger of two funds with helping CUs stave off assessments amid a surge in liquidations.

The National Credit Union Administration is expected to approve its proposed 2019-2020 budget this week, while Congress holds several hearings of interest to CUs.

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks and credit unions rally and fend off the insurgents?

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks rally and fend off the insurgents?

The results won’t do much to stimulate loan growth but could still provide the boost that investors have been waiting for.

The unique approach Fannie Mae and Freddie Mac are each taking with their credit-risk transfer products is quickly becoming a key point of differentiation that's rekindling competition between the government-sponsored enterprises.

Legacy players cannot copy an upstart because legacy players have existing footprints and customers and are anchored by valuable business models, writes Ken Krupa, CTO of MarkLogic.

The financial system is safer than it was 10 years ago, says John Taft, vice chairman of Baird. But there are still risks lurking unseen in areas like ETFs,