Mastercard plans to acquire loyalty and marketing company SessionM to help its merchant clients build their brands and grow their businesses.

Ellen Alemany said that CIT's deal for Mutual of Omaha Bank will immediately lower the bank's deposit funding by 20 basis points. She also reiterated that the acquisition would make CIT more attractive to potential buyers.

A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week.

The deal, which is expected to close in mid-2020, would create a company with nearly $18 billion of assets and more than $14 billion of deposits.

BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.

Count Citizens Financial’s Bruce Van Saun among those who think interest rate cuts could halt by mid-2020. The key, he says, is to focus on delivering services customers are willing to pay fees for and to skillfully reprice deposits until then.

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.

The deal will create a nearly $500 million-asset bank.

The acquisition of Farmers & Merchants Bank created a bank with more than $200 million in assets.

The tiny Monarch Federal Credit Union joined Firefighters & Company FCU in order to offer its 1,000 members a wider range of products.

The deal was announced in August and would have created a $1.3 billion-asset institution.

Rapid-fire acquisitions, partnerships and investments in the likes of Uber, Lyft and Grab are transforming these ride-sharing providers. And much of this activity is built on their ability to handle payments seamlessly as part of the experience.

Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more.

The Wisconsin company will have 15 branches in its home state on completing the acquisition.

The company has agreed to buy a portfolio of commercial loans from Santander Bank.

Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls.

As fintechs like Stripe and Square close in on NCR's traditional businesses, the technology company is adding scale in southeastern markets through a purchase of Midwest POS Solutions.

Hawaii Pacific Federal Credit Union merged into the Honolulu-based institution last week.

Once the Pennsylvania Credit Union Association and the New Jersey Credit Union League complete their merger, the group will go by CrossState Credit Union Association.

The merger of Bi-County PTC Federal Credit Union into BlueOx is expected to be completed on Jan. 1.