Bankers look to Asia for glimpse of what U.S. recovery could look like


Top executives from Citigroup and Goldman Sachs offered warnings Wednesday about why the U.S. economy may be slow to bounce back from the coronavirus pandemic.


Digital banking: Once-steady shift now moving at lightning speed


The coronavirus crisis led to "the greatest acceleration of digital banking in history." Here's what to expect next.


Wall Street's best-laid Brexit plans in disarray amid virus


Giant U.S. banks still have to deliver a Brexit plan to get staff across the English Channel before a potential second wave of Covid-19 forces Europe's doors shut again.


BNY Mellon whistleblower gets $50 million; Citi sees an opening in EMEA


The employee assisted authorities in currency trading investigations that cost the bank $714 million; Citi is eyeing an expansion of its commercial banking ops in Europe, Middle East and Africa as other lenders exit on coronavirus fears.


Citi sees surge in corporate online account opening amid pandemic


The quarantine and Citi's shift from hardware to software tokens have led to a 300% spike in commercial clients' opening of accounts online as well as increased digital banking use.


Karen Peetz to join Citi in newly created role


The veteran banker will serve as chief administrative officer, with responsibilities that include strengthening Citi’s data architecture, creating greater consistency in its dealings with regulators and enhancing its efforts to combat money laundering.


Coronavirus response allows banks to ‘change the narrative’: Citi chair


John Dugan says a successful effort by banks to alleviate the economic damage of the pandemic could boost the industry's reputation.


Banks have a mountain of deposits, so they don’t need PPP funding


The Federal Reserve set up a liquidity facility to help banks meet demand for emergency small-business loans through the Paycheck Protection Program, but it's gone largely unused.


Big-bank execs condemn racism after George Floyd death


The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests.


Credit card lenders clamp down to mitigate coronavirus risk


Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults.