The Latest

JPMorgan Chase executed a novel trade-finance transaction tied to the CME Group’s forward rates for the Secured Overnight Financing Rate, marking an advancement in the use of the Libor replacement.

Citigroup is considering whether to offer its biggest clients trading in Bitcoin futures as Wall Street continues its push into cryptocurrencies.

More than a dozen banks and credit unions in Canada are launching an instant business-to-business payments service. Here’s what U.S. banks and the Federal Reserve could learn from it.

Finance that relies on smartphones and smart contracts can lower costs for banking services and promote financial inclusion, proponents say. But a look at who is using the technology tells a different story.

The banks reported fiscal third-quarter results that topped analysts’ estimates on gains in domestic personal and business loans as well as continued strength in the Canadian housing market.

The price for the 20% stake in Santander Consumer USA Holdings that Santander does not already own is significantly higher than what the buyer first offered in July.

The COVID-19 pandemic has exacerbated income inequality in America, and that has implications for banks and other lenders. Among those suffering most: renters, front-line workers and minority small-business owners.

Seacoast Banking Corp. of Florida, which has bought 10 banks over the past decade, has agreed to acquire community banks in Sarasota and Melbourne.

The Federal Reserve has been circumspect about whether it will issue its own digital currency. Observers are looking to an upcoming report by the central bank for clarity about its intentions and how a digital dollar would work with private stablecoins.

The payments firm Boku is uniting hundreds of fragmented mobile apps to compete with Visa and Mastercard for unbanked consumers in different regions of the world.