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Investors had grown increasingly concerned that Russia’s invasion of Ukraine — and the ensuing financial sanctions thrust upon many of Russia’s largest banks — would thwart Citigroup’s efforts to exit its operations in the country, a push the New York-based lender first announced last year.

The wealth programs in the channel are going through a significant shift amid major recruiting moves and consolidation, according to a consultant’s report.

A former JPMorgan Chase currency trader must spend eight months behind bars after a federal appeals court on Monday refused to overturn his sentence for plotting to manipulate European, Middle Eastern and African currencies. 

After failing to win funding for a direct-lending program last year, Small Business Administration chief Isabella Casillas Guzman says the agency continues to study the option because banks and credit unions are making fewer small-dollar 7(a) loans than several years ago.

Citigroup’s London trading desk was behind a flash crash in Europe that sent shares across the Continent tumbling after a sudden 8% decline in Swedish stocks.

Ana Botin, the chair of Banco Santander, called Mexico a “growth engine” for the bank but cautioned that the lender would only seek to buy Citigroup’s retail business in the country if certain requirements are met.

Naveed Anwar, global head of digital for Treasury & Trade Solutions, is upgrading the bank’s self-service portal and expanding its embedded banking offerings for large tech and fintech clients.

"Apple may have restricted competition, to the benefit of its own solution Apple Pay," Margrethe Vestagar of the European Commission said. It's an accusation Apple's fought many times across the globe.

Richard Helber stepped down after 12 years as Tropical's chief executive. He will hold an advisory position through the end of the year.

About two dozen banks in the U.S. and Europe, including ABN Amro and Bank of America, are working with The Clearing House and EBA Clearing, using technology from SWIFT, to make instant international transactions ubiquitous for business and e-commerce sales.