Finance

First-quarter revenue at the scandal-plagued bank missed analysts’ estimates as profit fell in the lender’s troubled retail bank and expenses climbed.

Citigroup Inc. generated the most revenue from fixed-income trading in three years, defying some analysts’ concerns about a slowdown in interest rate and currency activity during the first quarter.

JPMorgan Chase posted earnings that beat analysts’ estimates, fueled by better-than-expected trading revenue and lending margins.

Stakeholders have until May 9 to offer their thoughts on how to design an additional source of capital for credit unions.

The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million.

Anchor's sale agreement comes less than a year after it put a representative of the activist investor Stilwell Group on its board.

The financial press looks at possible ramifications from Jes Staley's attempt to unmask a whistleblower at the British bank; why has the digital currency failed to live up to eight years of hype?

The Little Rock, Ark., bank said first-quarter profits rose slightly and that it plans to dissolve its holding company to trim regulatory costs.

The San Francisco bank is trying to turn the page with a new report that mostly pins blame on executives who have either left the company or been demoted, but the report shows the misconduct went further back than previously acknowledged.

First Data is teaming up with the bank to deepen the pool of knowledge and connections from which startups in the program can benefit.

Ashton Ryan, who had been removed as CEO in December, had been serving as its president. The New Orleans company also agreed to sell preferred stock to directors to help it make payments tied to its subordinated debt.

Business confidence remains high, but Fed data shows commercial borrowing actually decelerated during the first quarter. Fortunately for banks, rate hikes have fattened margins.

Negative interest rate policies have not been shown to speed up spending or borrowing. In some cases, countries with such policies have seen their savings rates continuing to climb.

Upgrade, an online lender started by former Lending Club CEO Renaud Laplanche, will tout credit monitoring and education features to stand out in a crowded field.

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in Southern California.

Amid a rising rate environment, political uncertainty and rising delinquency, credit unions can still take steps to protect their bottom lines.

Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity.

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

The company will sell five branches in Wisconsin to an unnamed buyer. It also plans to close two locations.

Coordinators of a blockchain project backed by the financial industry say they have successfully demonstrated that the distributed ledger technology can be used to syndicate, trade and make payments on leveraged loans.