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Federal Reserve Chair Janet Yellen has promised to serve out her term heading the central bank until it expires in 2018, ending speculation that she could resign earlier and give President-elect Donald Trump another important appointment to make when he assumes office in January.

Two consumer advocacy groups in California have accused CIT Group's OneWest Bank of failing to provide mortgages and other financial services in minority neighborhoods.

Google has launched Android Pay in Poland, nearly six months after the mobile wallet made its debut in the U.K. and Australia.

The complexity for large banks trying to improve culture is they are made up of different entities with competing missions and therefore competing cultures.

Wells Fargo & Co. said retail customers opened 44 percent fewer new accounts in October compared with the same period a year earlier following the bank’s record-setting settlement with regulators over its cross-selling scandal.

CHICAGO – Member Loyalty Group recently celebrated two milestones – the CUSO now serves more than 100 credit unions, and it has collected more than 3 million member surveys on behalf of those CUs.

JPMorgan Chase has agreed to pay about $264 million to settle U.S. allegations that it hired children of Chinese decision makers to win business in violation of anti-bribery laws.

Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.

A long-awaited report by the Federal Reserve’s Office of Inspector General found “significant variability” between regional banks’ willingness to consider dissenting supervisory views, and said the challenges facing the New York Fed are especially daunting.

The Home Equity Mortgage Conversion program experienced a huge swing in its net worth during the fiscal 2016 year, plummeting from a value of $6.8 billion in fiscal 2015 to negative $7.7 billion.