Behind Citi’s Fraser pick; payments companies’ strong quarter

10/25/19

Banks have been pressured to improve diversity in leadership; Visa reports higher volume while PayPal says Venmo now contributing.

[more]

14 years after Walmart, banks face a new ILC bogeyman

10/24/19

The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks.

[more]

Citigroup promotes Fraser to president, setting stage to be Corbat's successor

10/24/19

Citigroup promoted Jane Fraser to president, its second-highest post, making her a likely candidate to succeed CEO Michael Corbat and someday become the first woman to run one of the largest U.S. banks.

[more]

'May the odds be ever in your favor': Comments of the week

10/24/19

Readers react to Regions Financial's plan to replace it core deposit system, a House bill meant to curb jobs moved overseas, a resurgence of consumer complaints against the credit bureaus and more.

[more]

City National bolsters its East Coast presence

10/24/19

The Los Angeles bank is taking its wealth management and entertainment financing businesses to Miami and Long Island as part of its effort to expand nationally.

[more]

Credit union regulator moves to quiet redlining fears

10/24/19

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

[more]

Huntington counts on consumers to drive loan growth

10/24/19

The combination of low unemployment, rising wages and falling interest rates means more households are taking out loans for big-ticket items like speedboats and mobile homes.

[more]

Fiserv updates online bill pay for banks, plans real-time payments

10/24/19

Leveraging new technology and APIs, Fiserv has rolled out CheckFree Next, a major update of the core CheckFree bill payment technology Fiserv acquired in 2007.

[more]

OnDeck raises earnings guidance following strong 3Q

10/24/19

The online lender posted a profit for the sixth consecutive quarter, as higher margins helped offset a decline in loan originations.

[more]

Senators ask FTC to probe Amazon actions in Capital One breach

10/24/19

The Federal Trade Commission should look into whether Amazon’s failure to secure its services “constitutes an unfair business practice,” which would violate federal law, Sens. Elizabeth Warren and Ron Wyden wrote the agency's chairman.

[more]