The Latest

A breakdown of M&A announcements in the financial services industry for the week ended September 12.

Banks are closing branches and relying more heavily on technology to serve customers. Concerns that online and mobile banking don't reach all customers could leave banks open to allegations of discrimination.

WASHINGTON — Rep. Jeb Hensarling, R-Texas, has requested a study from the Government Accountability Office on the mandate that banks hold stock in the Federal Reserve System.

Citigroup has agreed to sell its retail banking and credit card businesses in the Czech Republic to Austria's Raiffeisenbank.

CFE Federal Credit Union in Lake Mary, Fla., has added Jack Henry & Associates as its core processor.

Alibaba Group Holding Ltd.'s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial Holding Co.

BATON ROUGE — After more than 34 years at the credit union, Neighbors FCU President and CEO Kathi Gill has announced that she will retire on December 31, 2015.

Deutsche Bank, Germany's largest lender, is considering cutting about 23,000 jobs, or almost one quarter of its workforce, Reuters reported, citing unidentified people in the finance industry.

The rest of the credit card industry continues to be dogged by slow loan growth, but retail-branded cards are bouncing back, thanks largely to a big push by merchants.

Nearly a decade since the Federal Reserve last hiked the key short-term Fed Funds Rate, confusion reigns over what the central bank will do at its next policy meeting later this week, but credit unions have already taken steps to prepare for a rising-rate environment.