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The Canadian banking giant cited labor shortages, rising inflation and the economic fallout from Russia’s invasion of Ukraine as reasons for keeping loan-loss allowances above pre-pandemic levels.

Fintech deals totaled $348.5 billion in 2021. Here are the trends causing the record transaction wave.

Tricia Szurgot is joining Securityplus from First Commonwealth Federal Credit Union in Pennsylvania.

Senate Democrats insist the GOP's boycott of President Biden's picks for the Federal Reserve is interfering with the central bank's handling of an economic crisis. But GOP lawmakers say the Fed is functioning fine and their concerns about nominee Sarah Bloom Raskin are material.

Treasury Secretary Janet Yellen outlined steps the department is taking to mitigate climate risk, including a report on the regulatory gaps in the insurance industry.

Sendi Young, the blockchain company's European managing director, discussed how a partnership with fintech Modulr supports its ongoing efforts to streamline money movement in a world where many payment rails predate the modern internet.

The $837 million-asset Commerce State is one of the largest banks ever to agree to be sold to a credit union.

Deutsche Bank is conducting an internal probe into the extent to which staff used private messaging channels such as WhatsApp, amid a crackdown from U.S. regulators on banks that fail to store business-related communication. 

Citigroup said it’s helping some of its workers in Ukraine seek refuge in Poland and sending advances on pay to help them contend with the Russian invasion.

Toronto-Dominion Bank, which earlier this week announced a $13.4 billion acquisition to expand in the U.S., got a lift from loan growth at home.