Banking

Citigroup's decision to exit mortgage servicing by the end of 2018 is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

The California bank has hired an outside firm to review its loans and will de-emphasize health care lending.

Mastercard CEO Ajay Banga was among the financial services, payment and technology executives to express worry or opposition to President Trump's travel ban for certain Middle Eastern countries.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

In a sharply worded message to staff, Lloyd Blankfein, Goldman Sachs' longtime head, broke with the Trump administration over its controversial attempt to crack down on immigration.

Credit unions nationwide are aiding the communities they serve in good times and in bad.

For the first time, the chairmen of the American Bankers Association and the Independent Community Bankers of America are women, marking an important milestone for the industry.

By cutting back on paperwork requirements and regulatory red tape, policymakers can unleash the power of community banks to spur lending and economic growth.

Nyca is one of the most active venture capital firms in fintech globally and its second fund should give it plenty of dry powder to pursue further deals.

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

Loans, deposits and revenue all rose solidly compared to a year earlier.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Cash for charitable payments wanes; a new widget for virtual currency; Apple joins AI group; Hans Morris' Nyca raises $125 million for a new fund.

Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials.

Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.

From frictionless payments to improved underwriting models, connected cars will rewrite the rules for how and where banks interact with their customers.

If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation.

With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line.

Connected cars are going to create new revenue streams, not just for automakers, but also for financial services providers.

The failure of Seaway Bank, once the nation's biggest black-owned bank, cost the FDIC $57.2 million.