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Credit Suisse Group reported its fourth straight loss as its investment bank continued to struggle, wealthy clients fled and the lender booked a charge related to a critical overhaul that's been in the making for months.

Republic Bancorp said it would pay $51 million in cash for CBank and its subsidiary Commercial Industrial Finance.

As with other card companies, the impact of higher prices and a potential recession is not yet showing up in performance, though it is pushing product diversification to reduce reliance on transaction volume — a strategy that helped during the early days of COVID.

Credit Suisse Group said that Michael Klein is expected to become chief executive of the spun-out First Boston unit, as a result of the radical restructuring of the Swiss lender's investment bank. 

Bank of Montreal agreed to buy carbon credits from CarbonCure Technologie, a company backed by investors including Amazon.com.

JPMorgan Chase is building out teams that handle card transactions and other payments for businesses by recruiting staff across key Asian markets amid the boom in digital commerce.

Credit Suisse Group said one or more of its units breached liquidity requirements this month when depositors pulled their money amid speculation about the lender's turnaround plan.

Hong Kong's big financial summit planned for next week to promote the city's reopening lost a key attendee as Citigroup Chief Executive Officer Jane Fraser was diagnosed with COVID.

Sen. Warren on Wednesday sent a letter to Consumer Financial Protection Bureau Director Rohit Chopra, calling for expanded regulations after she collected private data on rising fraud rates on Zelle from some of the country's largest banks.

Even the most passionate workers may need a more flexible schedule, a hybrid office or unique training. Credit unions that want to hire and retain those people need to not only meet those needs, but also know when to help them move on to a new employer, experts say.

The rule, which is not due out until 2024, will promote competition among financial institutions and data aggregators, Consumer Financial Protection Director Rohit Chopra said at a fintech conference.

Eighteen months after the $2.6 billion deal was announced — and five days before the Oct. 31 deadline — New York Community is still waiting for regulatory approval to buy the Michigan bank. On their joint earnings call, the companies wouldn't say where the deal stands.

Michelle Seitz tells attendees at American Banker's Women in Banking NEXT awards to take advantage of the networking and mentoring available to them that she didn't have access to at the start of her own career.

Strong commodity prices and jumps in energy production fuel the Oklahoma bank's upbeat outlook for continued loan demand, despite inflationary pressures and high interest rates.

An appeals court ruling last week found that the Consumer Financial Protection Bureau's funding structure violates the Constitution, but another court filing shows how the agency might fight back.

A former Deutsche Bank credit trader laid off when the lender closed down its bad bank has sued the company in London, saying she was denied hundreds of thousands of pounds in bonuses.

Masons Financial will make it easier for lodges to collect dues and for members to pool money for charity.

New Consumer Financial Protection Bureau guidelines say overdraft fees "that a consumer would not reasonably anticipate" could be illegal. President Biden and CFPB Director Rohit Chopra promoted them at a press briefing Wednesday.

Telhio promoted Derrick Bailey to be its next president and said he'll eventually be CEO, though it did not say when he would succeed Leslie Bumgarner at the helm.

Royal Bank of Canada is targeting cuts in the concentration of emissions from parts of its lending portfolio this decade, while shying away from the stronger, absolute-emissions reductions that other global banks have promised.