Akila Quinio

HoldCo takes on KeyCorp in its fifth activist campaign of the year

Digital token will aimed at merchants moving large sums and may also be offered to consumers

Head of the Wall Street lender’s US retail bank will become its chief financial officer in March

Swedish group has been diversifying away from its bread-and-butter model of deferred payment loans

Loan type that surges during times of duress makes a comeback amid persistent inflation and benefit cuts

Card companies agree to lower swipe fees further after judge rejects $30bn deal

Asset manager’s move to close Impact Opportunities strategy comes amid broader pullback from ESG

Sprawling lender’s longtime chief will convene the first investor day in 14 years

Bank stood by Andy Sieg, a potential successor to CEO Jane Fraser, after investigation by law firm Paul Weiss

Roles of board leader and CEO will be reunited in move to underscore her leadership amid radical overhaul

Max Levchin says limits on such penalties will force companies to improve their underwriting models

‘Bellwether’ verdict may set stage for potentially far more damages as thousands of victims assert claims

Western Alliance and Zions Bank disclose exposure to alleged fraud

Revival in core Wall Street businesses powers forecast-beating results across America’s biggest banks

Victim claims BofA ‘participated in and financially benefited’ from late financier’s sex-trafficking operation

JPMorgan Chase, Goldman Sachs and Citigroup buoyed by return of dealmaking

JPMorgan banker Vis Raghavan was a surprise pick to run Citigroup’s banking unit. A year in, he sits down with the FT

Growing financial strains at US auto parts supplier pushes group closer to bankruptcy

Financier Fernando Chico Pardo to buy 25% position in lender as Wall Street giant seeks to exit the retail bank

Overhaul comes as lender hones list of candidates to replace longtime leader in the future