The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”
The cash deal would be the second largest in the banking sector since the 2008 financial crisis.
A new report slams the bank for failing to comply with regulatory orders on multiple customer abuse scandals and blasts regulators for inaction.
No, there are simply big banks that get federal subsidies and small banks and nonbanks that don't, thanks to regulatory favoritism: Opinion.
A New York State regulator says the bank's deficient controls facilitated $10 billion in sham trades involving Russian investors.
The bank's fourth-quarter earnings reflect the more optimistic sentiment of investors since the election of Donald Trump.
An FDIC lawsuit alleges the bank may ultimately have underreported its deposit insurance liability by more than $1 billion.
Shareholder groups say the committee would “prevent poor stewardship” and avoid a repeat of mistakes that led to the bank's 2008 bailout.
Due diligence vendors described some of the loans underlying the securities as having the “distinct aroma of default.”
The total loss-absorbing capacity rule is "one of the last critical safeguards that make up the core" of the Fed's post-financial crisis reforms.
Lender EverBank is in talks with a prospective buyer, in what would be one of the largest banking takeovers since the financial crisis.
U.S. regulators allege Citi manipulated key swaps and interest rate benchmark to benefits its own trading positions.
