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 lender certainly isn’t the first to launch such a product, as the opportunity to grow with Gen Z and Gen Alpha draws more players.

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

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

Executives from BNP Paribas and BBVA weighed in on the state of M&A and offered differing theories about why the continent is falling short globally against Wall Street.

The lender’s expansion will include roughly 40 branch openings this year, including its first location in Louisville, Kentucky.

The central bank is exploring targeted adjustments to the current liquidity framework based on the lessons learned from spring 2023 bank failures, the vice chair for supervision said.

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.

The agreement ends a long-running lawsuit, filed by the bank in 2020, that accused the fintech of trademark infringement and misleading customers into providing their login credentials.

It was already a stretch to get revamped capital requirements across the finish line unobstructed. Now they reportedly face a “‘no”’ vote from an outspoken Democrat.