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The amount of money that investors are parking at a major Federal Reserve facility climbed to yet another all-time high as funds sought out places to stash short-term cash.

Victims of Bernard Madoff's massive Ponzi scheme will soon get another $372 million in payouts, bringing the total amount distributed from a government fund to more than $4 billion since the collapse of the fraudster's company in 2008.

The trade groups, including the American Bankers Association, allege the Consumer Financial Protection Bureau exceeded its authority by claiming discrimination in any financial product violates the federal prohibition on "unfair, deceptive or abusive acts or practices."

The comptroller, Brad Lander, asked U.S. Bank to outline the number of fake accounts the bank opened for New Yorkers.

Federal Reserve Gov. Michelle Bowman said a shifting landscape has made it difficult for community banks to compete. She called for bank merger reform to make community bank M&A easier.

Republicans from the Senate Banking and House Financial Services committee argue the crypto bank should have been granted access to the Fed's payment systems, warn of 'dangerous precedent' on state banking regulation.

JPMorgan Chase's U.K. digital lender has attracted 1 million customers in its first year of operation, making it one of the U.K.'s most popular neobanks.

The Biden administration's decision to fill the Republican seats on the Federal Deposit Insurance Corp. board only makes sense if it was a mistake.

Investor activity in the housing market has had a nominal impact on the cost of housing, the head of the National Rental Home Council writes, citing research by one of the government-sponsored enterprises. Supply-demand imbalance is the primary driver of price appreciation, he argues.

Citigroup appointed Grant Carson to manage its operations in Russia as a stand-alone entity as the U.S. bank reduces its business in the country following President Vladimir Putin's invasion of Ukraine.

Financial institutions continue to push back against efforts to be held liable when a consumer is tricked into sending a payment that later turns out to be a scam.

Most Americans are more indebted than ever, underscoring a persistent and widening wealth divide in the U.S.

A new proposal calls for systemically important transaction clearing firms to update their practices on handling risks related to cyberattacks and climate change.

Citigroup is seeking a second and perhaps final round of bids for its Mexican retail arm Banamex by the end of October in what could be one of the year's biggest banking deals, according to people familiar with the matter. 

Two new academic research papers consider what the Fed is trying to communicate and what it means.

The White House's unexpected choice of two Republican members of the Federal Deposit Insurance Corp. this week has called the agency's future leadership into question.

Some of the Revlon creditors that were accidentally sent more than $900 million by Citigroup asked a federal appeals court for a rehearing, after it ruled that they had to give the money back.

The middle of a housing market downturn is no time to experiment with untested underwriting tools.

Citigroup is targeting India as one of its top markets to expand in globally as risks mount in China and other regions, the bank's global co-head of investment banking said.

Though quantum computing is not quite ready, banks are testing it for portfolio optimization, index tracking, options pricing and other tough mathematical problems.