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Zions Bancorp. in Salt Lake City on Friday named Gary Crittenden, a former chief financial officer at Citigroup, to its board of directors.

Financial regulators issued a long-awaited proposal Friday that would allow institutions with less than $1 billion in assets to file a short-form call report.

Citigroup, the U.S. bank with the most derivatives, purchased a portfolio of credit-default swaps from retreating rival Credit Suisse Group AG, two people with knowledge of the matter said.

The regulatory arm of the Bank of England announced this week that it would exempt excess reserves from its leverage ratio — a move that U.S. banks hope might be a sign of changes to come at the Federal Reserve Board.

Regions Financial, Alabama's biggest bank, reached a preliminary agreement with the U.S. Department of Justice to resolve an investigation into mortgage abuses.

Distributed ledgers have the potential to simplify and strengthen bank regulatory oversight when applied in the appropriate context, such as during the Shared National Credit examination program.

CUs celebrate giving back to schools, festivals and a legacy of helping the community.

Despite ongoing challenges, executives at community banks believe they can boost revenue this year. At the same time, pressure is mounting to build scale, which could mean more consolidation.

Regions Financial has a new chief executive for its insurance business.

Independent mortgage banking and brokerage firms added a whopping 5,900 fulltime employees to their payrolls in June, according to a report issued Friday by the Bureau of Labor Statistics.