A group of ultrawealthy Citigroup clients clamoring for big returns on U.S. real estate have entered into funding commitments for a new commercial and multifamily development on Sunset Boulevard in West Hollywood, Calif. It is one of several co-investment projects the firm is offering through its private bank.

While the Federal Deposit Insurance Corp.'s reporting of growing use of prepaid products among the underserved stokes concerns about high costs, some note they can be a bridge to more traditional accounts.

A Brooklyn, N.Y., startup wants to eliminate fees long hated by ATM customers and replace the lost income with revenue from ads that play on teller-machine screens. Yet questions have been raised about whether that is easier said than done.

Pennant Management, which says it bought $179 million in bogus USDA-backed loans, claims the agency put up barriers to verifying the loans that indirectly enabled the alleged fraud.

BB&T completed more than 100 acquisitions under now-retired Chief Executive John A. Allison. In an excerpt from his latest book, Allison discusses his reasoning for M&A, while providing a blueprint for scouting targets. This is part 1 of 5.

DBA International has announced the addition of Helen Mac Murray as its attorney general consultant and Perry Communications Group Inc. as its new public affairs agency.

CVB Financial in Ontario, Calif., will have a new chairman starting Jan. 1.

Consumer borrowing jumped to $3.28 trillion in September, up approximately $15.9 billion, according to the Federal Reserve’s monthly report on auto and student loans and credit card debt.

Connecticut and New York are the only states to have established institutions specifically called green banks to stimulate lending on clean energy projects, but others could soon join them following the election of green bank-friendly governors in nine states.

Debt buyer PRA Group on Monday reported third quarter net income increased 8% to $51.2 million on cash collections of $372.7 million, a 28% jump. Revenue in the quarter rose 21% compared to a year ago to $239 million.

New York's top banking regulator Benjamin Lawsky, who used his leverage to stiffen penalties against some of the world's largest financial institutions, will probably step down next year to take a job in the private sector, said a person familiar with the matter.

Nacha CEO Janet Estep discusses how her organization polices bad actors on the automated clearing house network, why it doesn't single out specific merchant categories as risky, and how nudging the industry toward "push" payments will help.

Banc of California has completed its acquisition of the Southern California branch network of Popular Community Bank.

First Niagara Financial Group raised to $1.1 billion the amount of the goodwill impairment charge it recorded in the third quarter, as the Buffalo, N.Y., company cuts the value of assets acquired since 2009.

WASHINGTON — The Consumer Financial Protection Bureau has made some key changes to its compliance guide for the three major mortgage rules that took effect earlier this year.

Harvard Illinois Bancorp in Harvard, Ill., which recently disclosed that it had been exposed to a fraud scheme involving certain investments, has hired an investment bank to help it "evaluate strategic alternatives."

MUFG Union Bank in New York has promoted Mike Feldman to head of branch and private banking.

Central Bancshares in Muscatine, Iowa, has agreed to buy Buffalo Prairie State Bank in Buffalo Prairie, Ill.

Former President Bill Clinton addressed a crowd of thousands of Southern California kids Sunday at the largest-ever gathering for financial literacy education.

Bay Commercial Bank in Walnut Creek, Calif., has stepped in to outbid a rival to buy Valley Community Bank in Pleasanton, Calif.