Banking

Citigroup's traders underperformed their peers at JPMorgan, and Citi's U.S.-branded card revenue fell. Its global business performed well, but the looming trade war presents uncertainty.

PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments.

Mortgage fees at the nation’s biggest home lender declined by a third in the three months ended June 30 to the lowest in more than five years.

The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes.

The information you need to start your day, from PaymentsSource and around the Web. Nike opens high-tech store; Milan airport deploys contactless payments; Japanese e-payment startup Paidy attracts investors; ICOs perform poorly.

JPMorgan Chase & Co. said its book of core loans expanded 7% in the second quarter and trading revenue jumped 13%.

It will be the third collaboration together for the new CEO and CTO at Pivotus Ventures.

Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost.

While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers.

Credit unions remain committed to their central missions as they grow, says PenFed’s chairman.

To teach its automated advice platform how to help advisers communicate with clients, the company has sought to develop a bank of knowledge about psychology and other expertise beyond traditional wealth management.

The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform.

The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp.

The agency, with others, will work to stop consumer fraud; manager of four Morgan Stanley L.A. offices allegedly ignored harassment allegations.

The information you need to start your day, from PaymentsSource and around the Web: Stripe grabs WordPress share from PayPal; Alipay's travel pay network gets larger; Opera browser supports cryptocurrency; Contactless payments get a test in Norway.

John Best, author of "Breaking Digital Gridlock," explains the obstacles banks hit when they try to innovate and how to overcome them.

The virtual card company is giving customers direct access to their data through an application programming interface to see what they do with it.

The challenge in automating cross-selling to customers online is figuring out how to integrate with the core banking platform.

City National is using digital tools to smooth the transition for clients and advisers. Here’s how the bank's doing it.

The Senate bill, designed to close a loophole in the state's interest rate cap and was closley monitored by the Ohio Credit Union League, must still be reconciled with a similar measure that was passed by the Ohio House of Representatives.