Software for detecting financial crime is in high demand. Here’s why.


Banks' fear of big penalties, the changing tactics of nimble criminals and a greater openness among regulators to new approaches are among the factors driving big investments.


With virus hastening online push, does Amazon-like future await banks?


Ezequiel Szafir, CEO of Banco Santander's digital-only Openbank, sees banks of the future looking increasingly like — with online storefronts for financial products.


Bank stocks slump on Fed forecast; Quicken going public


Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.


Virus delays First BanCorp’s acquisition of Santander’s Puerto Rico unit


The deal was expected to close this summer, but First BanCorp said a regulatory review is hitting snags.


HSBC, Santander outpace rivals in boosting loan-loss provisions


The two lenders are being more aggressive than other European banks in putting a price on the economic devastation caused by the coronavirus outbreak.


Fed goes all in; Santander chief takes pay cut


The Fed announced several new lending facilities and virtually “unlimited” purchases of Treasury bonds; Ana Botín will donate the money to a coronavirus fund.


Santander names Habis head of consumer, business banking


Habis, who joins the bank from MUFG Union Bank, will replace Michael Cleary, who left Santander last fall and recently joined Wells Fargo.


Santander acquiring Elavon’s Mexican operation


Banco Santander’s global digital transformation has led it to Mexico, where the bank has agreed to acquire U.S. Bancorp’s Elavon Mexico merchant acquiring unit for about $84 million.


Wells Fargo's latest high-level hire will oversee sales practices


Michael Cleary will report to Scott Powell, who had been his boss at Santander Bank.


Will earnings season bring surprises?; Wells Fargo’s tech troubles


Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.