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Goldman Sachs Group Inc.'s profit tumbled 49 percent as fixed-income trading revenue dropped more than its rivals and litigation expenses rose fivefold.

Citigroup Rebounds; Masters Hired by Santander

Citigroup Inc., the third-largest U.S. bank, posted profit that beat analysts' estimates as Chief Executive Officer Michael Corbat showed progress on cutting costs.

A total of 597,589 U.S. properties with foreclosure filings in the first half of 2015, down 13% from the previous six months and down 3% from the same time period in 2014, according to RealtyTrac's Midyear U.S. Foreclosure Market Report.

With the clock ticking for the Oct. 1 deadline for EMV adoption, acquirers and independent sales organizations have a clear opportunity to become payments consultants.

Remittance provider Transfast is expanding its proprietary bank network across 23 African nations, enabling funds to be transferred directly into recipient bank accounts.

As the path to purchase becomes increasingly more digitized, the act of executing the payment transaction has shifted further and further into the background.

When a restaurant chain's senior marketing manager ran a location-based offer trial this summer, she was quite surprised to see a mobile conversion rate that topped 45% — which meant that almost one out of every two consumers who were pinged by the chain's mobile app drove to the store and made a purchase.

The combination of swelling deposits and weak loan growth continues to be a tough problem for regional banks. U.S. Bancorp's Richard Davis thinks higher loan growth is just around the corner to solve the problem, but PNC's Bill Demchak fears deposits could flee faster than lending will ramp up.

Although overall lending was a bright spot in the Federal Reserve Board's report on economic activity released Wednesday, some bankers surveyed said excessive regulation is crimping commercial lending.