Bloomberg Citigroup Inc., one of the world’s largest credit-card issuers, said it will refund $335 million to US customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs didn’t properly reflect the full benefit customers should have received for good behaviour, such as paying on time, the New York-based ...

Bloomberg JPMorgan Chase & Co. said that its female employees earn 99 percent of what male employees make globally, making it the fifth large US bank to disclose an adjusted gender pay gap of around one percent. People of color employed by the bank earned more than 99 percent of what white workers made, according to an internal note sent ...

Bloomberg Royal Bank of Canada, the nation’s largest mortgage lender, isn’t hurting from a slowing housing market — yet. The Toronto-based bank reported 6.4 percent growth in Canadian residential mortgages in the fiscal first quarter, with average balances climbing to C$238.5 billion ($187.6 billion). That’s down from the 6.6 percent growth rate in the fourth quarter, though it’s still the ...