Fed moves to ease cash shortage; Citi looks to make connections


The Fed’s injects funds into the repo market for first time in more than a decade; bank trying to partner firms with cash with those with market share.


PNC on M&A, API call uptick, next in GSE reform: Top stories of the week


The Pittsburgh company is not interested in bank acquisitions, CEO Demchak says; why Citi, Wells, JPMorgan are seeing a spike in API calls; FHFA's Mark Calabria details next steps on GSE reform; and more from this week's most-read stories.


O'Rourke urges credit card lenders to stop backing gun sales


The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."


Why Citi, Wells, JPMorgan are seeing a spike in API calls


Hint: For their e-commerce clients, it's all about faster payments.


Citi raises minimum wage after prod from Maxine Waters


Citigroup quietly boosted its minimum wage to $15 an hour in June, joining competitors in awarding raises to rank-and-file staff.


Big banks need more diversity in leadership ranks: House Democrats


With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.


Card issuers’ new focus on installment lending misses the point


Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.


Bank stocks take big hit as trade war fears escalate


China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.


Capital One hacked; job cuts and a reorg on tap for Citi


In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.


JPMorgan, Citi among banks facing $1 billion FX-rigging suit


It’s the latest development in a foreign-exchange-related case that has triggered regulatory probes around the world, and it's one of the first cases to be brought under 2015 U.K. legislation that paves the way for U.S.-style class actions.