Banking

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.

Matt Machen, who previously served as the company’s president, has been at Bear State since 2011.

A House Republican report, charging that Consumer Financial Protection Bureau Director Richard Cordray "may have broken the law" when the agency cracked down on auto lenders, appeared to escalate the GOP's clash with the agency.

Andy Cecere is the new CEO-in-waiting at the Minneapolis bank, but interest in his future plans took a back seat as investors and others tried to get their heads around why the current boss, Richard Davis, is choosing to leave seven years before the typical retirement age.

Kim Ruth once served as a state president for Bank of America in Texas.

Mastercard’s $920 million acquisition of VocaLink hasn’t cleared all the regulatory hurdles yet, but it’s closer to the finish line now that the U.K. Competition and Markets Authority (CMA) has said it will consider a strategic solution Mastercard has proposed to offset potential threats to competition.

Navient Corp. was sued by a U.S. regulator over allegations that the student loan giant "systematically" cheated borrowers.

While the Trump administration could relax other bank regulations, it is unlikely that it would ease up when it comes to money-laundering compliance.

The $190 million deal would push Renasant above the $10 billion-asset regulatory threshold.

On Sept. 30, 2016. Dollars in thousands.

An improving picture in the energy sector helped Hancock Holding in Gulfport, Miss., report a huge jump in fourth-quarter profit.

The company has been producing solid loan growth in recent quarters.�@9@e

The Obama administration took two last-minute swipes at JPMorgan Chase, accusing the lender in separate lawsuits of discriminating against minorities in home lending and against its own female employees by paying them less than their male counterparts.

NCUA is teaming up with the CFPB to offer guidance related to new Home Mortgage Disclosure Act requirements.

Northern Trust’s fourth-quarter profit surged due to higher trust fees, improved credit quality and the benefit accrued to its profit margin from an increase in short-term interest rates.

Credit unions in Arizona and Texas recently topped major asset milestones – Hughes Federal Credit Union, Tucson, Ariz., said it surpassed $1 billion in total assets, while Texell Credit Union, Temple, Texas, now has more than $300 million in assets

The Office of the Comptroller of the Currency could make the Community Reinvestment Act’s spirit relevant in a digital age so long as it builds the right framework for chartered fintech companies.

Commerce Bancshares in Kansas City, Mo., reported higher quarterly results that reflected great credit quality.