US Bancorp splits payments biz; Flagstar ups tech and risk oversight

Financial News

US Bancorp splits payments biz; Flagstar ups tech and risk oversight

  U.S. Bancorp is splitting its payment services business in half; Flagstar Financial continues to fill out its leadership with an eye toward tech and risk management; First Horizon authorized an additional $350 million in stock buybacks for its $1 billion share repurchase plan; and more in this week’s banking news roundup. 

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  Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show. 

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Financial News

  Los Angeles-based Dave got sued Tuesday by the Federal Trade Commission. Its stock price briefly plunged before soaring in the wake of Donald Trump's election. 

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Financial News

  The U.K. international money transfer firm posted strong earnings and said its regional diversification can offset the rise of isolationism in specific markets. Ingenico adds technology to enable cryptocurrency payments, and more. Here's what's happening in the world of payments. 

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Financial News

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