The Latest

Citigroup may record losses of at least $50 million following a London staffer’s fat-finger trade that caused a flash crash in European stocks last month, according to people familiar with the matter.

CEO Bill Demchak said Thursday that the banking industry has become a "political football," and that lawmakers lack the "backbone" to make broader decisions on climate change and various social issues.

California’s Department of Financial Protection and Innovation is seeking public comment to provide guidance, regulatory clarity and supervision of crypto financial products and services.

A challenger bank, an alternative credit score company and a proposed federal credit union are improving access to banking and lending for those who have been in prison.

Edward Shin, the onetime CEO of Noah Bank in Pennsylvania, was found guilty of charges related to loans the bank made to businesses in which he held a stake.

Shanika Sheppard needed funding to turn her Italian ice food cart into a larger business selling Philly cheesesteaks and other comfort foods. She's one of more than 520 small-business owners who’ve received loans of $150,000 or less under the bank's Lift Local program.

Davidson County Chancery Court Judge Patricia Moskal ruled that Orion Federal Credit Union’s acquisition of Financial Federal Bank is legal under Tennessee law. The decision provides a road map for courts in other states to follow for similar M&A deals.

Goldman Sachs Group and its former female employees who sued the company in one of Wall Street’s biggest gender discrimination lawsuits are sparring over whether names of two senior executives mentioned in internal complaints should be exposed.

Consumers share loads of personal information online that scammers can use to break into their bank accounts. But Royal Bank of Canada is betting that users will still keep their PIN codes secure.

F.N.B. will beef up its presence in Raleigh and Durham with the acquisition of UB Bancorp.