watch now LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source of funding, CNBC has learned. LendingClub is paying $185 million in cash and stock for Radius Bancorp, according to documents viewed by CNBC. Radius, a Boston-based online bank with about $1.4 billion in assets, is among a cohort of small lenders that have partnered with fintech firms who need the services of an FDIC-regulated...

Cathy Bessant, chief operations and technology officer for Bank of America Corp., speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, April 20, 2016. For half a decade, Bank of America has quietly been preparing for a future in which the world of finance migrates to the blockchain. Under tech and operations chief Cathy Bessant, the giant bank has accumulated the most patents for the technology of any financial services company, for inventions ranging from...

Bank regulators are renewing efforts to require Wall Street executives to defer more compensation and claw back bonuses if losses happen, according to The Wall Street Journal. U.S. regulators are hoping to finish rules called for in the sweeping post-financial crisis banking regulation known as the Dodd-Frank Act, the Journal said. The thrust of the rules would be to more closely match pay with the long-term health of financial institutions. Talks are in an early stage and involve the Federal...

A man walks past Deutsche Bank offices. Embattled German lender Deutsche Bank lost $1.6 billion on a single bond trade that involved insurance from Warren Buffett's Berkshire Hathaway, according to The Wall Street Journal. The bank bought a $7.8 billion portfolio of municipal bonds in 2007, according to the report. Deutsche Bank bought default protection on the bonds from Berkshire the following year, paying $140 million in the transaction. In the decade after its purchase, Deutsche Bank...

The first cryptocurrency created by a major U.S. bank is here — and it's from J.P. Morgan Chase. The lender moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction of that will happen over something called "JPM Coin," the digital token created by engineers at the New York-based bank to instantly settle payments between clients. J.P. Morgan is preparing for a future in which...