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Klarna Bank, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation, people familiar with the matter said. 

The Saginaw credit union named Derrick Barber as its new president and chief executive. Barber will succeed Gerald Hutto, who will be retiring.

The White House's unexpected choice of two Republican members of the Federal Deposit Insurance Corp. this week has called the agency's future leadership into question.

Some of the Revlon creditors that were accidentally sent more than $900 million by Citigroup asked a federal appeals court for a rehearing, after it ruled that they had to give the money back.

The middle of a housing market downturn is no time to experiment with untested underwriting tools.

The Federal Reserve's capital requirements came up repeatedly during this week's bank CEO hearings, with leading Republicans taking banks' position that capital requirements are excessive.

The fintech is working with MX Technologies and other firms to help clients reduce their reliance on traditional card networks without scrimping on fraud prevention.

These standout performers all reported a three-year return on average equity above 14%. Two of them topped 20%.

The Federal Housing Finance Agency soon will commence a review of the Federal Home Loan Bank System. For the process to be successful, the actual users of the system and the institutions that will be the most impacted by any changes to its mission, mandate or role need to add their voice to the conversation.

Citigroup is targeting India as one of its top markets to expand in globally as risks mount in China and other regions, the bank's global co-head of investment banking said.