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Citigroup Chief Executive Officer Michael Corbat received $23 million in compensation for 2017, a 48 percent increase from a year earlier and the biggest pay package he's received since taking the top job.

Longtime CEO John Radebaugh will retire July 1, at which time EVP/COO Dan Schline will take the helm.

As the debate over housing reform heats up, policymakers should give careful consideration to a plan that recapitalizes the government-sponsored enterprises.

The information you need to start your day, from PaymentsSource and around the Web. Today: FedEx suffers a major data breach; BBVA makes a move into gig economy financial services; CBA bans credit card bitcoin purchases; EU officer defends cash; Coinbase suffers a tech glitch.

Bank’s alleged lax controls enabled a former customer to launder money in a payday lending scheme; digital currency has made back a chunk of its recent decline.

As much as payment companies love to talk about opening up their platforms, there's definite room for improvement.

Grocery has been in Amazon’s sites for years. It’s very appealing because shopping volume and frequency is high, but the margins are low, and the logistics are difficult because of spoilage, writes Tom Caporaso, CEO of Clarus Commerce.

Associated Banc-Corp has agreed to buy an insurance broker in Milwaukee after unveiling agreements to buy a community bank last summer and a Chicagoland wealth management firm in the fall.

The bank’s unsullied image took a hit when it admitted to misleading regulators regarding its efforts to combat money laundering.

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.