Citigroup estimates the economy would see a $5 trillion boost over the next five years if the U.S. were to tackle key areas of discrimination against African Americans.
The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.
The Federal Reserve is proposing rules that would force banks to add another layer of protection in case of a financial crisis. It wants to be sure taxpayers don't get stuck bailing out banks again.
Regulators in Mexico said Banamex should have spotted red flags that resulted in a $400 million fraud. Earlier this week, Citigroup announced it had discovered a $15 million fraud.