The Latest

The administration faces a slew of immediate financial policy tasks, such as passing a new round of small-business aid, charting a course for Fannie Mae and Freddie Mac and filling vacant agency leadership posts.

Payoneer, an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter. FTAC rose as much as 29% on the news.

Providence, R.I.-based Citizens Financial has largely focused on nonbank deals in recent years, but CEO Bruce Van Saun said the race for scale in the industry is prompting more banks — including his own — to consider mergers.

The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says.

Citigroup will reduce bonuses for dozens of its top executives after the bank was reprimanded by regulators last year.

Hundreds of branches temporarily shuttered during the pandemic are now permanently closed.

The agency used a notation vote to advance the final measure, the third time it has used that method in a month.

European digital investment platform Bitpanda is launching its first plastic product, a Visa debit card that combines currency, cryptocurrency and precious metal assets into one card.

ByteDance, owner of short video sharing platform services Douyin (China) and TikTok (U.S.), has reportedly launched a payment service for the 600 million users of the Douyin platform.

After a pivotal Supreme Court ruling last year, the Trump administration’s handpicked leader of the Consumer Financial Protection Bureau was widely expected to leave voluntarily or be fired by the new president.