The money-transfer company's move came after the U.S. State Department last week renewed sanctions against the island nation.

The merger will form a regional financial institution with around $27 billion in assets, improved economies of scale and strong profitability.

Fitch Ratings has said tier-3 banks in Nigeria are more likely to resort to mergers and acquisitions or downgrade their licences as they struggle to meet the Central Bank of Nigeria’s new paid-in ...

FIS's debit-processing bank clients will soon be able to integrate Affirm's pay-over-time-products into existing digital ...

Fifth Third Bank's portfolio includes cash-back and secured credit cards, and even a charge card. But for some of those products, you'll need a relationship with the bank.

While neobanks brought convenience, they remained tethered to legacy infrastructure. Deobanks blend the ease of digital banking with the decentralization of blockchain.

The Federal Deposit Insurance Corporation can cover deposits that are not insured. They did that in 2023, which required authority from the treasury secretary.

Shares of banks and other financial institutions fell after consumer-inflation data spurred volatility in stock and bond markets. Treasury yields had their biggest one-day increase of the year so far ...

Financial institutions need to remain vigilant about managing anti-money laundering and Bank Secrecy Act (AML/BSA) compliance ...

The CFPB has returned more than $17 billion to Americans — and dozens of its workers were laid off on Tuesday night ...