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Itay Tuchman, who spent the past five years running Citigroup Inc.'s sprawling foreign-exchange trading desk and successfully beat back allegations that he was part of an illegal trading cartel in Australia, is leaving after more than two decades at the firm.

Data as of Jun. 30, 2022. Dollars in thousands.

JPMorgan Chase led U.S. banks increasing direct loans to states and local governments last quarter as the firms filled a void left by mutual fund investors who fled the traditional municipal bond market amid soaring inflation and surging yields.

For a government agency that prefers to move gradually, the change at the top has come fast, thanks in large part to increased pressure in the wake of a national reckoning around diversity. But it has also fallen short in some ways.

A luxury yacht formerly owned by sanctioned Russian businessman Dmitry Pumpyansky will be sold at auction on Tuesday after the billionaire failed to repay JPMorgan Chase a loan, according to an auctioneer's website.

Small-business owners who can't get loans from traditional sources need alternative ways to access capital.

Ryan Frazier is co-founder and CEO of Arrived Homes.

Rising global e-commerce transaction volume is creating an opportunity to expand the options for cross-border payments from businesses to consumers.

Brad Warner will retire as president and CEO of the Chambersburg, Pennsylvania, credit union in early 2023. Patriot has formed a committee and hired Modern Executive Solutions to conduct the search for Warner's successor.

Their chatbots are diverting calls away from call centers and helping bring in deposits, the banks say, as the adoption, maturity and usefulness of the technology improve.