Retail & Commercial

Citigroup (NYSE:C) has joined the growing number of banks that have hired chief digital officers.

A recent survey shows that two-third of mutual savings banks have considered mergers and that 40% give it even odds that they will participate in consolidation in the next five years.

The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.

Christopher Whalen, an outspoken analyst of the banking and mortgage industries, has joined the advisory board of Weiss Residential Research, a developer of home price indexes.

The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.

Nearly 150 million U.S. adults are expected to be banking on their mobile devices by 2018, and lenders can roll out the red carpet with user-friendly apps and modernized branches.

Delinquent first mortgages totaled 5.65 percent of outstanding balances, down more than 22 percent year-over-year in February, according to a new report.

Ratings for the opening weekend of the NCAA Men's Basketball Tournament rose 8% from a year earlier. Several financial firms benefited from the visibility of having their names on venues that hosted games.

Washington Federal (WAFD) in Seattle has shifted a number of executive titles and responsibilities.

The CFPB says it is in the late stages of formulating new regulations for the payday lending business.