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After failing to win funding for a direct-lending program last year, Small Business Administration chief Isabella Casillas Guzman says the agency continues to study the option because banks and credit unions are making fewer small-dollar 7(a) loans than several years ago.

Citigroup’s London trading desk was behind a flash crash in Europe that sent shares across the Continent tumbling after a sudden 8% decline in Swedish stocks.

Ana Botin, the chair of Banco Santander, called Mexico a “growth engine” for the bank but cautioned that the lender would only seek to buy Citigroup’s retail business in the country if certain requirements are met.

Naveed Anwar, global head of digital for Treasury & Trade Solutions, is upgrading the bank’s self-service portal and expanding its embedded banking offerings for large tech and fintech clients.

"Apple may have restricted competition, to the benefit of its own solution Apple Pay," Margrethe Vestagar of the European Commission said. It's an accusation Apple's fought many times across the globe.

Richard Helber stepped down after 12 years as Tropical's chief executive. He will hold an advisory position through the end of the year.

About two dozen banks in the U.S. and Europe, including ABN Amro and Bank of America, are working with The Clearing House and EBA Clearing, using technology from SWIFT, to make instant international transactions ubiquitous for business and e-commerce sales.

The Fed waited too long to address inflation. Now we can expect higher borrowing costs as well as inflation.

Citigroup has been released from a 2012 enforcement action that faulted its anti-money-laundering efforts. But company executives are expected to spend a lot of time over the next few years seeking to resolve a pair of more recent consent orders.

First Century Bancorp has terminated its sale to First Internet Bancorp because the two banks were unable to close the transaction on schedule and failed to agree on terms for an extension.