Retail & Commercial

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

Loans, deposits and revenue all rose solidly compared to a year earlier.

Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials.

Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.

From frictionless payments to improved underwriting models, connected cars will rewrite the rules for how and where banks interact with their customers.

If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation.

With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line.

Connected cars are going to create new revenue streams, not just for automakers, but also for financial services providers.

The banking trade group confirmed that it has run a formal bidding process to find a partner.

If underwriting standards at other lenders begin to fall, how will CUs respond?