Retail & Commercial

The Cleveland company also had a record quarter for its investment banking business.

Profit surged at BB&T in Winston-Salem, N.C., during the fourth quarter, driven by various acquisitions and growth in business lending.

A 9% increase in interest revenue helped to offset relatively flat growth in fee revenue.

BorrowersFirst said its new financing will come from Waterfall Asset Management, a New York firm that focuses on high-yield investments.

A consortium of fintech companies have formed a new industry group to advocate for better data sharing via open APIs.

The Pittsburgh company was aided by high-single-digit organic loan growth in addition to an acquisition that was completed in February.

The Consumer Financial Protection Bureau and two states on Wednesday sued the nation's largest student loan servicer, Navient, for allegedly systematic failures in processing loan payments and failing to enroll borrowers in less expensive repayment plans.

Michael Corbat told analysts Tuesday that Citi will no longer report Citi Holdings, its erstwhile "bad bank," as a separate entity.

The company is selling common and preferred stock in a private placement.

The Justice Department claims the bank, which has received “satisfactory” ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.