News Topic:

Citigroup's made some strides after the battering its share price took last year, but it still trails JPMorgan Chase and Bank of America; chiefs at the top U.S. global banks own on average more than 15 times the amount of their own firm's stock ... Read full article

The mortgage industry was caught off guard by regulators’ decision to cease special treatment for Fannie Mae and Freddie Mac in complying with underwriting rules. But how big of an impact will the new policy have? ... Read full article

During a slow summer, a handful of banks managed to hire away multiple executives from competitors and introduce new leadership. ... Read full article

House lawmakers go light on BB&T-SunTrust merger; Santander Bank names longtime MUFG Union executive its CEO; the fintechs trying to solve America's retirement problem; and more from this week's most-read stories. ... Read full article

The industry trade group said Rakuten's non-financial activities raise questions about its pursuit of a banking charter. ... Read full article

Thanks to its newly launched bank, Ameriprise's 10,000 financial advisers will soon start offering direct services like deposits and mortgages. ... Read full article

Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements. ... Read full article

OFX is used by 7,000 banks while FDX is used by 2 million consumers. The two standards are converging. ... Read full article

The conglomerate run by Warren Buffett has tried in the past to keep its holdings below the 10% threshold in order to avoid heightened regulatory scrutiny. ... Read full article

Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles. ... Read full article

The Alabama bank, which is spending hundreds of millions on technology, says the ability to make faster credit decisions is one reason digital metrics such as checking account openings are soaring. ... Read full article

Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more. ... Read full article

The San Antonio bank has had little trouble hiring retail bankers to staff its new Houston branches, but it’s having a harder time filling IT and cybersecurity jobs at its headquarters, said CEO Phil Green. ... Read full article

The agency’s director said it will let a temporary GSE exemption from the “qualified mortgage” regulation expire. ... Read full article

The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles. ... Read full article

The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020. ... Read full article

Jewelry maker Alex and Ani LLC demanded $1.1 billion in damages from Bank of America in a lawsuit alleging lending discrimination against a women-led company that was once featured in advertisements promoting the bank's commitment to diversity. ... Read full article

State and federal authorities say the network of firms in upstate New York sought debts that consumers weren't obligated to pay and impersonated government officials, among other things. ... Read full article