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Flaws in testing may be real source of Wells Fargo's tech failure

Sign posted on a Wells Fargo ATM alerted customers to potential transaction delays.
The bank says it has restored access, but it hasn't explained how a fire-suppression system at one facility could cause a nationwide outage across all of its channels, or how its system as a whole could have been left so vulnerable to the incident.

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Citi rolls out new personal loan, online savings account

Signage is displayed outside a Citibank branch in New York.
The moves are aimed at beefing up consumer lending and attracting deposits in markets where Citi has no branch presence.

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Talent, deposits up for grabs after BB&T-SunTrust deal

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Regional and community banks are eager to buy branches and hire top performers from the merging companies.

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Return of the barbell? How BB&T-SunTrust threatens banking's middle tier

Sketch of a barbell
The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.

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Fed, not FDIC, should regulate a merged BB&T-SunTrust

Federal Reserve building in Washington, D.C.
The Marriner S. Eccles Federal Reserve building in Washington, D.C., in October 2012.
Andrew Harrer/Bloomberg
The Federal Deposit Insurance Corp., BB&T's primary regulator, has a history of going easy on the bank. The combined entity would be better supervised by the central bank, which already oversees SunTrust.

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ADA lawsuits tied to websites mount: Should banks fix, or fight?

ADA lawsuits over corporate websites
At least 14 suits have been filed this year alone accusing banks of operating websites that violate the Americans with Disabilities Act. Some banks prefer settlements to investments in technological overhauls, but experts say that strategy could be costlier in the long run.

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Can JPMorgan Chase's JPM Coin knock off Ripple and Swift?

Signage is displayed outside a JPMorgan Chase bank branch in Chicago.
JPMorgan is prototyping its own digital currency to be used for cross-border payments and, later, other purposes. Will banks find this a palatable alternative to today's most well-known options?

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Pot banking goes to Washington: 3 takeaways

Marijuana plants stand in a flower room at the grow facility for Sense of Healing dispensary in Denver, Colorado.
Marijuana plants stand in a flower room at the grow facility for Sense of Healing dispensary in Denver, Colorado, U.S., on Wednesday, Dec. 9, 2015. The $3.5 billion U.S. cannabis market is emerging as one of the nation's most power-hungry industries, with the 24-hour demands of thousands of indoor growing sites taxing aging electricity grids and unraveling hard-earned gains in energy conservation. Photographer: Matthew Staver/Bloomberg
Matthew Staver/Bloomberg
Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal.

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Closing many branches, but keeping most customers

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OceanFirst in New Jersey shuttered more than a third of its branches but says nearly all the customers stuck with the bank because it trained employees to show customers how to go digital.

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Square's banking bid avoids backlash that doomed Walmart's

Square
A customer inserts a credit card into Square Inc. device while making a payment in San Francisco, California, U.S., on Tuesday, March 27, 2018. The mobile payment market is anticipated to grow reaching a market value of $4,574 billion by 2023, according to data provided by Allied Market Research (AMR). The growth projections are attributed to an increasing demand for hassle-free purchase of goods and services, as well as an increased preference of consumers toward digital and cashless payments. Photographer: David Paul Morris/Bloomberg
David Paul Morris/Bloomberg
The vast majority of comment letters to the FDIC support the fintech's banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

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