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JPMorgan Chase is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates drive down demand in what had been a red-hot housing market.

Inter is listing on Nasdaq and plans to offer banking and payment products tailored for immigrants in the States.

The Federal Reserve has started a hiking cycle that's expected to continue with half-point increases in June and July, Marvin Loh, senior macro strategist at State Street Global Markets, will assess the June Federal Open Market Committee meeting and tell what he expects the panel to do in the future.

Democratic senators led by Bob Menendez urged the Federal Reserve to take a more active role in the selection process of the heads of its regional banks so that more diverse candidates would be considered.

The Community Reinvestment Act has failed to reduce anti-Black racial discrimination in financial services, to lower poverty or to lessen environmental destruction.

Missed payments are rising among nonprime credits as higher prices on other goods leave consumers with less money to pay back their car and truck loans. The uptick may be a sign that the stellar credit environment for lenders is starting to turn.

Court-appointed custodian Alfred Putnam is seeking an extension of nearly three weeks to give more groups time to nominate candidates for a vacant board seat at the Philadelphia bank and solicit proxies from investors before a special meeting.

The Federal Deposit Insurance Corp. plans to increase assessment rates by 2 basis points for all insured depository institutions. Banks are expected to object to the hike as too much too soon.

The bank is providing dedicated space within its headquarters for clients to collaborate with product designers to develop new ideas.

Bruce Leighton will step down as president and chief executive in September.