Citi’s chief lending officer to take over HSBC’s U.S. business; Pittsburgh banks brace for incursion of industry heavyweights; borrowing by nonbank leveraged lenders is growing (maybe too much); and more from this week’s most-read stories.

Vehicle payment technology startup Car IQ raised $5 million in a Series A funding round that included Citi Ventures as an investor.

Sensing a profitable opportunity in an underserved market, a variety of companies — ranging from traditional banks to fintech startups and even Amazon — are rushing into selling secured credit cards and other products designed for consumers with poor or thin credit.

The banking industry has some work to do to improve its overall reputation, but the good news is that most customers have positive feelings about their own banks. Here are 10 banks that made big strides.

Banks clear both rounds of stress tests (though two of them needed a do-over); BNY Mellon goes all-in on digital; bank industry struggles to stop slide in latest reputation survey; and more from this week's most-read stories.

In a year where most of the 18 institutions taking the second round of the Federal Reserve's stress tests showed improvements over last year, JPMorgan Chase and Capital One were both forced to adjust their capital plans in order to meet the central bank's minimum thresholds.

Once a poster child for corporate wrongdoing, Citi has bolstered its reputation by taking bold stands on polarizing social issues, such as climate change and gun control, and declaring its commitment to move more women and minorities into managerial roles. Here's how it aims to do even better.

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

Citigroup will be the first major issuer to use Mastercard technology to give U.S. credit card holders the ability to instantly redeem points on eligible purchases online and through a mobile app.

A new set of tougher scenarios did little to keep large banks from passing the most recent stress tests mandated by the Dodd-Frank Act.

Goldman Sachs and Citigroup are among global firms postponing the transfer of several billion euros of capital outside the U.K. despite regulatory pressure to complete the move.

The large credit card issuers are becoming more selective about who they are extending credit to and how much they are willing to lend, their CEOs said Tuesday.

The two U.S. banks and Barclays have agreed to pay $91 million to settle claims that traders colluded to manipulate rates over a six-year span.

A former Wall Street lawyer who worked on bank bailouts is behind the idea; threatened tariffs are only one of the country’s problems, Citi CEO says.

Citigroup can beat consensus expectations in 2020 regardless of higher interest rates or stronger global growth, and is well positioned for potential supply chain shifts in Asia, Goldman Sachs said in an upgrade of the stock to buy from neutral.

A burgeoning trade war, the U.K.’s planned exit from the European Union and escalating tension between the U.S. and Iran have weighed on market sentiment in recent weeks, Citigroup CEO Michael Corbat said Wednesday.

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security officer.

In the past few years, APIs have become a surprisingly hot topic, considered by many as a golden key to open banking and innovation.

They’re communicators, bridge builders and young moms. Here’s what they might do differently from the older bosses they have had in their careers.

Royal Bank of Scotland and JPMorgan Chase were also among the five banks that agreed to pay fines for colluding on foreign-exchange trading strategies.