Tanaya Macheel

Citigroup has launched a unit in its global consumer bank dedicated to the development of its mobile banking services and promoted Heather Cox to be its CEO.

Webster Financial in Waterbury, Conn., reported a higher third-quarter profit on growth in deposit and loan fees related to its acquisition of health savings accounts.

Bank of America's Cathy Bessant contends banks are fintech companies; Citi's Heather Cox says no way are startups ever going to be the 'Uber of banking;' and is Elizabeth Warren a tyrant? Also, don't miss our coverage of the celebration for the Most Powerful Women in Banking and Finance. Maybe someone you know is in the photos.

FIDO, the payments security consortium dedicated to improving authentication, has added American Express to the alliance and to its board of directors, with existing members Infineon and VASCO also joining the board.

PrivateBancorp in Chicago reported higher third-quarter profit on loan growth.

IDology, an Atlanta provider of fraud-prevention and identity verification, has made an equity investment in the mobile identity authentication provider Payfone.

Buyers of securitized loans sue Lynn Tilton, the Pittsburgh Home Loan bank's Kristina Williams advises women executives on leveling the playing field, ex-Ally Bank chief Barbara Yastine joins a wealth management firm and Google's Ruth Porat warns about the economic threat posed by mounting student loan debt.

The $1.5 billion-asset bank issued $25 million of subordinated notes due 2025 in a private placement. WashingtonFirst used the proceeds to redeem $8.9 million in SBLF preferred shares, which it issued to the Treasury Department in 2011.

CFPB Oversight, Arbitration Rules; Pandit's Latest Fintech Venture

Santander Group, the Spanish banking giant, has invested several million dollars in Ripple, one of the most prominent startups in the hotly discussed field of distributed-ledger technology.