Financial institutions

When Jane Fraser takes the reins of Citigroup in February, she will have to tackle the company’s cards slump, lagging performance metrics and challenges presented by employees’ return to the office.

While employment typically ebbs as home buying slows in the fall, several nonbanks have ambitious hiring plans in the works, which call for them to add thousands of workers by year-end.

When it comes to branch cleanliness and mask-wearing, the San Francisco bank is more diligent than its rivals in helping to reduce the spread of coronavirus, according to a new study.

But federal elections and the pandemic make projections on the sustainability of industry profitability especially tricky.

The new reality for investors and originators accounts for forbearances and ability-to-repay.

The Federal Reserve could ease capital rules, foster the creation of special-purpose banks and take other steps to strengthen minority communities and businesses without legislation being sought in Congress — if it has the will to do so, experts say.

A proposal to expand consumer protections in the state was added to a budget bill after being dropped in June. Financial institutions say the measure conflicts with federal law and are working behind the scenes to stop it.

The rising number of positions appears to reflect an ongoing need to adjust capacity to address rate-driven demand.

After an initial fizzle, the stock at one point was trading above the original expected price range.

The company, which launched last fall, announced a partnership with an organization that aids military families.