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New financial advisors hired, new board members appointed and other CU people in the news.

The recapitalization will allow City National Bank to continue as a certified Community Development Financial Institution, the bank said.

Four former Citigroup currency traders are suing the bank for unfair dismissal after they were let go amid a global probe into foreign-exchange rate rigging.

Critics of the Consumer Financial Protection Bureau's data collection haven't bothered to learn the basic facts about the data the regulator collects before veering off into black helicopter paranoia.

Citigroup agreed to sell its Alternative Investor Services business to SS&C Technologies, a provider of software and investment services to the finance industry, for about $425 million.

Dallas Fed's New Head; Greenspan vs. Dodd-Frank

Otero Federal Credit Union said Juanita Whiteside, its longtime CEO and employee for 37 years, died on Aug. 13 after a long battle with breast cancer.

Two research associations have filed a joint motion to intervene in a court case against new telephone rules issued by the Federal Communications Commission.

Rather than simply considering whether a prospective borrower's business contributes to climate change, banks are slowly turning their attention to making sure borrowers in a variety of industries account for how climate change could affect them.

The London-based bank payment network Earthport is expanding its application of distributed ledger technology (a system best known for its use with Bitcoin) to enable real-time cross-border payments and potentially reduce risk.