Retail & Commercial

Citigroup has gotten rid of almost $500 billion in unwanted assets since the financial crisis, but executives say it still has work to do.

While Comptroller Tom Curry made it clear that regulators will not back down from a push for higher capital levels, he suggested the agencies are considering other ways to reduce the burden of the Basel III proposal for community banks.

Mortgages guaranteed by the Department of Veterans Affairs reached their highest level since 1994 after rising by 50% in the most recent fiscal year.

The payment terminal maker said it's made a pact with Israel's largest card issuer and acquirer, Isracard, to distribute VeriFone's Sail card readers for iPhones and Android devices to Israeli merchants.

TD Bank (TD) says it has misplaced personal information belonging to more than a quarter of a million customers.

The American Civil Liberties Union filed a lawsuit against Morgan Stanley (MS) on Monday, accusing the investment bank of encouraging a subprime lender to make risky loans to African-American borrowers in Detroit.

Visa began offering its V.me digital wallet this week with PNC, the first of more than a dozen bank partners it has lined up.

Grow Financial FCU is trying a novel approach to lure passersby into its branches: an interactive video wall that plays a game with people outside, in which they can win cash.

The complexity of Basel III is irrelevant to 90% of U.S. banks and should not be imposed on them. If rejecting the rules altogether is not considered politically feasible, a sensible alternative would be to simply exempt all community banks from its requirements.

Citigroup Inc., the third-biggest U.S. bank, reported a surprise profit of $468 million for the third quarter, helped by a $582 million tax benefit and bond- trading revenue that beat analysts' estimates.