Government finance

The report from the commission created to monitor the government's response to the pandemic comes as Congress begins negotiations over another round of stimulus.

Under Monaco's leadership, Citi has ranked as the top investment bank to governments and governmental organizations in four out of the past five years.

Its move into new states will allow the nation’s largest bank to pursue the loan and deposit business of more state and local governments.

As Congress races to fund the government, a criminal justice reform bill could also include the STATES Act, which would provide safe harbor for credit unions serving the legal marijuana industry.

Even with more than 30 years of experience in banking, Julie Monaco still finds value in the advice a mentor passed on to her as a young, rising executive.

The city wanted to sever its relationship with the bank, but it ran into a big obstacle.

There were no sighs of relief from bankers, who realize their planning could still prove useful as the potential for another shutdown looms.

A measure passed by the city council, which still needs final approval, would require banks that want city contracts to disclose whether they set individual or branch-level sales requirements. It comes in response to the Wells Fargo fake account scandal.

In the coming year, bankers in Puerto Rico will need to keep an eye on how steep cuts in government spending will affect the island’s consumers, says José Rafael Fernández, CEO of OFG Bancorp.