The Latest

The integration with Goldman Sachs Transaction Banking could position Amex to capture more commercial card spending from the largest global corporations.

The payment company has agreed to buy the India-based reconciliation company in its latest investment in back-office technology for internet businesses.

At Fifth Third, Synovus and Zions, third-quarter loan growth and improved outlooks indicate that businesses are finally more open to borrowing. Industrywide data further suggests “a much hoped-for rebound” has begun, according to analysts at Piper Sandler.

The Indiana company told investors that it’s ready to complete its combination with First Midwest Bancorp but that it’s unclear whether a recently filed mortgage discrimination lawsuit will get in the way of Fed approval.

Strong growth in loans to private equity and venture capital firms fueled a 74% increase in third-quarter profits — and helped the New York bank hit a new milestone.

Democrats proposed raising the account threshold and exempting certain transactions from a measure enlisting financial institutions’ help in catching tax cheats. But opponents say the changes are insufficient and centrist lawmakers — whose support is crucial to enact the plan — were mum.

The bank says it's an investor in and will refer clients to Trovata, which gathers transaction data directly from multiple banks to automate cash reporting, forecasting and analysis for midsize and large companies.

Finastra, a technology vendor to credit unions and small banks, is adding the Bakkt digital asset app to its platform. This will allow clients' customers to buy, sell and hold digital assets like Bitcoin.

Citigroup told staff to avoid scheduling calls and meetings from noon to 1 p.m., another step in CEO Jane Fraser’s push to ease workers back into the office. 

Goldman Sachs CEO David Solomon said the Wall Street firm wouldn’t abruptly stop working with fossil fuel companies, stressing the need for a balanced transition to green energy that avoids higher energy prices.