Investments

TIAA, the nearly 100-year-old retirement and insurance company, is starting an online robo-adviser this week, making it the latest firm to use automated advice to win customers in a rapidly changing asset-management industry.

Contrary to others’ opinion, interest on excess reserves is part of the Federal Reserve’s monetary policy that serves to reduce volatility and encourage growth.

Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are typically looking to cut costs. Here is a roundup of such deals this year.

The Silicon Valley lender that caters to affluent millennials has ambitions to become a one-stop shopping destination for financial services.

Fintech has upended parts of the banking industry and made old ways of doing business obsolete. But that's also what makes it an exciting time to be a banker, says Citizens Bank CEO Bruce Van Saun.

Noah Breslow, who drew opposition from a hedge fund that wants the online small-business lender to pursue a new course, won 84% of the vote Tuesday.

The London-based bank overbilled customers by nearly $50 million through violations including collecting excess mutual fund fees.

Kreditech will deliver its artificial intelligence and machine-learning credit underwriting and loan management technology to PayU’s network of 300,000 merchants

Banks have warmed up to digital wealth management tools but will need to use their human advisers, too, to beat fintechs.

The consumer banking experience still needs work. But instead of investing money in consumer-facing products, we must invest in critical yet less sexy infrastructure improvements.

The post-election rally in banking stocks has given certain buyers the ability to make acquisitions that would add to tangible book value, perhaps making it easier for them to pursue more deals.

The investors suing PayPal, who seek class-action status, say the company served as the payment processor for about $134 million in investments in Traffic Monsoon. They’re seeking at least $5 million in damages.

Second settlement of the week pushes recoveries by the regulator from MBS suits to $5.1 billion.

Regulator now has recovered nearly $4.8 billion in various suits related to the mortgage meltdown in 2008.

In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry.

Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.

After such a period of collective euphoria following the November election, how does the manager of a large institution explain a declining stock price to investors?

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.

Mariner Kemper, UMB's chief executive, said he struggled with the decision to sell Scout Investments to Raymond James. Selling made more sense than pumping more capital into the beleaguered business.

The payout for 2016 brings CO-OP's total patronage to nearly $400 million since 1996.