Territorial Bank rejected a third all-cash offer from the investor group Blue Hill Advisors, instead sticking with its planned acquisition by California’s Hope Bancorp.

To address that, lenders need to be more transparent about their artificial intelligence use and educate customers on the benefits and safeguards involved, analysts said.

Fiserv will receive an unspecified cash payment from the bank. The payments processor will also take a $400 million to $600 million impairment charge this year related to the joint venture.

The $6.1 billion-asset Five Star is hardly the first lender to back away from BaaS. Wyoming-based Mode Eleven Bancorp said in April that it would voluntarily retreat from the space after the Federal ...

Federal Reserve Vice Chair for Supervision Michael Barr emphasized the discount window's importance and revealed plans to potentially require larger banks to maintain minimum readily available ...

Germany-based Commerzbank's CEO-in-waiting, Bettina Orlopp, met virtually Friday with bankers from Italy’s UniCredit, Reuters reported, citing two people with knowledge of the matter. The discussions ...

PNC Financial Services Group and data aggregator Plaid have partnered to help the lender’s customers share financial data with their chosen financial application through the fintech — ending ...

One House Democrat called a subcommittee hearing “premature,” given that a reproposal is not yet concrete. A witness, meanwhile, called the U.S.’s Basel work more “Infinity War” than endgame. Still, ...

A lawsuit filed Tuesday accused the lender of underpaying interest “to enrich itself at its customers’ expense.” ...

YouGov’s US consumer bank rankings report 2024 finds that Chase has the most satisfied customers among major US banks. Based ...