New York

UBS agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion.

Financial Institutions, the parent of Five Star Bank, was hit with a "needs to improve" rating after a review of its activities from 2011 to 2013.

Juntosavanzamos.org is designed to help consumers locate credit unions that participate in the rapidly growing Juntos Avanzamos program.

Doubling down on its surprise pivot to blockchain technology, the former parent company of Long Island Iced Tea—now Long Blockchain Corp.—is buying a U.K. tech firm specializing in distributed ledger technology and cryptocurrency.

The company received bad news about the commercial loan after it reported a narrow profit in mid-February.

Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.

Sterling would gain $458 million in loans and an origination platform by acquiring Advantage Funding Management.

WorldRemit has launched international remittance services in New York, one of the last big U.S. markets where it lacked a money transmitter license, positioning the company for a growth surge this year.

The company will still use the building for its main office, but it will move its administrative staff to another building.

Former banker Eric Hepkins will take over from Ann Hood Feb. 28, the $422 million credit union reported.