Citigroup Joins Industry Effort to Lend to People Without Credit Scores

The bank is launching two lending pilots through a government-sponsored program that aims to expand credit in underserved communities. 


 
Visa, Mastercard, Amex Urged to Track Gun Sales

The attorneys general of California and New York said credit-card companies should treat gun stores as a separate merchant category to help flag suspicious patterns of transactions. 


 
UBS, Wealthfront Terminate Their Planned Merger

The deal, announced in January, was for an all-cash transaction valued at $1.4 billion. 


 
Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation

The U.S. Labor Department alleges the bank fired a senior manager after the person reported concerns about falsified customer information, price-fixing and interest-rate collusion. 


 
Bankers Resist Hong Kong's Plan for Quarantine-Free Travel for Summit

Top banking executives who are interested in attending a high-level summit in November don't want exemptions from Hong Kong's strict travel rules, mainly because of the negative optics of being given special treatment. 


 
Blackstone, Carlyle Take Different Sides on Energy Investment

Profits from oil-and-gas production have surged, but volatile returns and a fraught political climate have created a divide among the biggest private-equity firms about whether investing in the sector is worth the headache. 


 
IRS Exposed Some Confidential Taxpayer Data on Website

The IRS revealed it had inadvertently disclosed information about more than 100,000 taxpayers in a database available on its website. 


 
Financial Services Roundup: Market Talk

Find insight on leasebacks, Ashmore's results, Chinese banks and more in the latest Market Talks covering the Financial Services sector. 


 
Barclays Offloads Remaining Absa Shares

Barclays has sold its remaining 7.4% stake in South Africa's Absa for $623 million, booking a modest loss but increasing its CET1 ratio by four basis points. 


 
Short-Term Investors Shouldn't Touch Sterling, BCA Research Says

Foreign investors are shunning U.K. assets, driving an undervalued pound even lower, as soaring inflation, looming recession and uncertainty over fiscal policy leave them unwilling to fund a massive current account deficit, said Chester Ntonifor of BCA Research.


(END) Dow Jones Newswires

09-05-22 0015ET