The trustee charged with winding down Lehman Brothers Holdings Inc.'s U.S. broker-dealer business Friday sued Citigroup Inc. seeking the return of some $1.3 billion the bank seized in the days following Lehman's Chapter 11 bankruptcy filing on Sept. 15, 2008.

Bill Gross is starting a new version of his PIMCO Total Return Fund that will rely less on derivatives and leverage, two of the tools that he used to build Total Return into the largest mutual fund.

Japan's unfolding nuclear predicament has hammered some narrowly targeted exchange-traded funds, but not always the ones investors might think.

A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision.

The administration’s choice to regulate the government-sponsored enterprises appeared to distance himself from speculation that the White House may try to overhaul housing finance without legislation.

The private equity acquisition of the fintech vendor Ellie Mae will give it some breathing room in a declining originations market because it will have a more patient and strategic investor than its myriad shareholders as a public company.

He faces critics from both the left and the right, which is why he’s the right person for the job.

Properly designed public banks would be safer than private banks while promoting economic growth.

Financial institutions need to begin sharing profiles of fraudsters posing as legitimate customers. The technology to do it securely is already available.