Banking

Citigroup's Russian consumer banking franchise that has been put up for sale had first quarter revenue of $32 million, down 6% from a year earlier, the bank disclosed in a quarterly securities filing on Monday.

Goldman Sachs and JPMorgan Chase are both mulling the possibility of covering the travel cost for employees seeking an abortion, according to a new report.

HSBC kicked off its planned $1 billion share buyback on Wednesday, as it seeks to redeploy excess capital and reward shareholders.

Citigroup Inc is in "active dialog" to carry out the sale of its Russia consumer business that it announced a year ago, Chief Executive Jane Fraser said on Monday.

The largest U.S. banks, securities firms and custodians are waking up to the investment potential of cryptocurrencies, not as a utility but as a new moneymaking market.

United Bank for Africa Chairman Tony Elumelu on what Russia's invasion of Ukraine means for the continent.

Users of buy now, pay later said they are confused about how the service providers make money and reported being dissatisfied with the product, according to a survey.

The Russian economy achieved some stability and recovered the value of its currency, but the ever-changing economic landscape indicates the real crunch is yet to strike.

More than 75 groups sent a letter the CFPB, urging it to begin regulating buy now, pay later providers like credit card companies.

Buy now, pay later services are becoming more popular, but many users are falling victim to fraud, according to a new study.

Banking advocates have encouraged the CFPB to look into several recommendations to regulate buy now, pay later providers.

Bank of America Corp reported a fall in first-quarter profit on Monday, as a slowdown in global deal making weighed on its investment banking businesses.

JPMorgan Chase & Co. announced a major investment in New York City office space Thursday, with plans to build a 60-story building to be its global headquarters.

JPMorgan Chase & Co reported a fall in first-quarter earnings on Wednesday, hurt by a slowdown in dealmaking brought on by the Ukraine conflict and a decline in trading revenue.

Citigroup Inc. has named Angel Ng, currently a chief executive for Hong Kong and Macau, the new head of wealth management for the Asia Pacific.

U.S. banks have a streak of increasing deposits as a group every year since at least World War II but this year could break it.

Lawmakers held a hearing last month to discuss overdraft fees, of which regulators have become increasingly critical.

More than three dozen House Republicans are calling for the chamber to drop Citigroup as its credit card provider over its decision to fund employees who travel to get an abortion.

With the rise of buy now, pay later, BNPL providers are expanding their services to allow consumers to use this financing option in person.

Buy now, pay later services could be doing more harm than good, according to a U.S. PIRG analysis of complaints submitted to the CFPB. Here's what consumers are saying.