Citigroup's traders underperformed their peers at JPMorgan, and Citi's U.S.-branded card revenue fell. Its global business performed well, but the looming trade war presents uncertainty.
PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments.
Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.
Provident Financial said it increased its allowance against a commercial loan after discovering that the borrower overstated the value of its collateral.