Banco Popular de Puerto Rico

Ripple Labs Inc., the blockchain startup whose digital money is often used as a proxy for other cryptocurrency payments, is gaining new customers because financial firms are seeking faster, more up-to-date technology than the Swift banking network, Chief Executive Officer Brad Garlinghouse said.

American Express Co. said the U.S. Department of Justice and several regulators have sought information on its foreign-exchange international payments business.

Bank of America plans to raise its minimum wage to $20 an hour over two years. The baseline will rise to $17 on May 1 and then climb to $20 in 2021, the company said.

The business, which has $827 billion in assets under administration, includes operations in the U.S., the Philippines and India, according to the buyer, Principal Financial Group.

The agreement with U.S. and U.K. regulators is on top of the $667 million it paid to U.S. authorities in 2012 for its handling of transactions that violated economic sanctions against Iran.

U.S. court filings on Tuesday revealed how little some Standard Chartered employees heeded U.S. sanctions, and how they dissembled in order to hold on to profitable clients.

Jamie Forese, long considered the potential successor to Citigroup Chief Executive Officer Michael Corbat, is departing after 34 years at the firm.

Chief executives of Wall Street's largest banks were awarded record pay packages last year as profits soared. Nearly 2,500 miles away, the CEO of a little-known online lender, born at the height of the dot-com bubble, quietly outearned them all.

A fourth Senate Republican said he'd vote against businessman Herman Cain joining the Federal Reserve Board, all but sinking any chances that he'd get through the confirmation process if Democrats stay united in their opposition.

The Fed may have stopped raising borrowing costs for now, but the biggest U.S. bank is still reaping benefits from higher interest rates.