The Treasury Department may announce plans as early as this week to return American International Group Inc. to independence and recoup taxpayers' bailout money, according to three people with knowledge of the talks.

Morgan Stanley, the sixth-largest U.S. bank by assets, has frozen hiring at its investment banking division for the rest of 2010, a person briefed on the decision said.

Fidelity Investments has expanded independent advisers' access to third-party providers within its WealthCentral custodial platform by integrating a portfolio management solution from Black Diamond Performance Reporting.

The House Financial Services Committee chairman is calling out Fannie Mae and Freddie Mac's regulator for authorizing payments to two housing trust funds while the mortgage giants have their own financial struggles.

Banco Santander joined existing investors JPMorgan and USAA as well as others in raising $25 million in secondary-round financing for Roostify, which seeks to build a paperless mortgage process.

Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.

Sending money should be simple, but fintechs can’t do it alone. By leveraging cutting-edge technology like blockchain, we can solve real problems in payments that impact everyone, everywhere, says RippleNet's Vidya Mani.

Traditional methods have been around a long time and don't meet the current needs of a fintech-heavy market, says Akoya's Stuart Rubinstein.

Several financial tech companies that applied to become national banks are seeking exemptions from many provisions of the Community Reinvestment Act. A consumer advocacy group and the American Bankers Association say the OCC mustn't allow this.