An unexpectedly rosy economic picture may have left some Fed officials saddled by uncertainty. Yet they are expected to wait for at least a few months before they start reducing rates.
The parent company of Fidelity Investments had announced the spin-off of Akoya as an independent company that will be jointly owned by Fidelity, The Clearing House Payments Co. and 11 of its member banks.
The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc. and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.
Citigroup Inc. reported a higher-than-expected quarterly profit on Friday, driven by strength in its consumer banking business and a surge in equities trading.
Citigroup Inc. added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida.
In perhaps another sign that the conversation around fintech is shifting, MIT recently brought fintech together with traditional financial services companies in its first-ever fintech hackathon.
The nation’s first offshore wind farm, which plans to launch commercial operations in November, has received investments from GE Energy Financial Services and the global bank Citi, the companies announced Tuesday.
When Citi admitted it was pulling its retail operations out of the Massachusetts market early next year, it was careful to say it wasn’t abandoning mortgage lending in the Bay State.
But will having no personal touch with customers hurt the bank’s chances of fending off competing lenders?
