Flagstar Bank launches its next mortgage-tech accelerator while Walmart and Citi partner on a supplier loan program. These stories and more in banking news this week.

The job cuts at Citi are driven by an industry wide slow down in deals and a drop in mortgage demand due to rising interest rates.

Railsbank Technology may be sold of as it faces mounting financial and regulatory problems.

The results came a day after it emerged that Canada's second-largest bank doesn't anticipate regulators will approve its deal for Memphis, Tenn.-based First Horizon Corp. by May 27, as it previously projected.

President Joe Biden's nominee to lead the World Bank said there's sufficient scientific evidence that burning fossil fuels contributes to climate change, seeking to address criticism about the lender's commitment to the issue under its outgoing chief.

In three years as a subsidiary of $3.2 billion-asset MVB Financial, Chartwell Compliance has tripled its headcount and revenues, MVB CEO Larry Mazza said Wednesday, after announcing Chartwell's sale to New York-based Ankura.

The specter of an economic downturn looms, but many companies are still in growth mode, according to Donald McCree, head of commercial banking at the Rhode Island bank. "We continue to hear from a lot of companies that they are doing quite well," he said.

The Ohio-based bank concentrated most of its lending branches in majority-white neighborhoods and did nothing to compensate for its lack of physical presence, the DOJ claims.

The merger of Columbia and Umpqua has created a $52 billion-asset bank rooted in the Pacific Northwest. CEO Clint Stein said the company has room to expand in California, Arizona, Colorado and Utah.

Uncertainty over a proposed merger between TD Bank and First Horizon causes shares to drop 14 percent.

A group including Dr. Bernice King, Martin Luther King Jr.'s daughter, and former SBA Regional Administrator Ashley Bell says the deal struck Tuesday to acquire Holladay Bank & Trust in Utah marks the first time Black investors have acquired a non-Black bank.

The Santander chair said that rising interest rates and an improved operating model will increase the bank's valuation.

The company has agreed to acquire the parent of Peoples Bank in a deal expected to close in the third quarter.

Charlie Javice claimed in a court filing that she was being scapegoated for the bank's faulty due diligence and that it was JPMorgan that asked her to come up with "synthetic data" on Frank users.

A Piper Sandler survey of CEOs found a majority expect to expand their balance sheets this year. They also foresee increases in nonperforming credits, with office loans a key area of weakness, as well as heightened pressure on net interest margins.

Banks with up to $225 billion of assets are making some progress in assessing climate-related financial risks, but they still lag behind bigger banks in taking action, according to a report from the consulting firm Baringa Partners US.

While the recent narrowing of the gap between central banks and markets is encouraging, experts said that governments need to keep fiscal positions sustainable.

Wall Street banks are taking steps to limit or prohibit using ChatGPT, including JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc.

TD Bank gets approval to buy a U.S. brokerage, Western Union adds installment payments, and American Express is awarding $1 million in grants to restaurant operators. These stories and more in banking news this week.

The Fort Wayne-based credit union hired David Shadburne to replace Greg Mohr, who is retiring.