Banking

FDIC survey finds record number of American households obtained a bank account in 2019

The FDIC noted that the decline by nearly half in unbanked households between 2017 and 2019 was associated with improvements in household's socioeconomic circumstances, including higher annual income, lower monthly income volatility, low unemployment and higher rates of home ownership status and educational attainment that came as a result of a strong economy. 

Citi's new CEO Jane Fraser: 5 things to know

Citibank is tapping Jane Fraser to take over as chief executive, marking the first time a female will lead one of the largest U.S. banks. Here is what you should know about her.