Fed master accounts; Citi people moves; why paytech looks good

The Fed's master account list is coming, but banks still want to know more. A provision of last month's defense spending bill requires the Federal Reserve Board to maintain a public database of master account holders and applicants, but with days left on a pre-existing comment period, banks and researchers are hoping for greater transparency.

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Here's more of what we're covering today in banking, credit unions, fintech, payments and regulation:

Citi names COO of U.S. consumer bank as part of management shuffle: Ryan Crowley , previously a 花旗 client-experience executive, replaces the unit's former chief operating officer, Pooja D. (Daswani). The company also picked a CEO for its North America business and launched a search for a new wealth management chief.

City National Bank settles DOJ redlining allegations for $31 million: The U.S. Department of Justice said City National Bank avoided offering home loans in Black and Hispanic neighborhoods in Los Angeles County from 2017 to 2020.

Payments tech could be the bright spot in a broader downturn: Because they have mature revenue streams or can support embedded finance, payment companies may find themselves favored by investors at a time when other tech firms are tightening their belts.

American Express buying invoicing firm to boost B2B payments: American Express signed a deal to buy Nipendo , a Tel Aviv-based startup whose technology reduces business check usage by laying the groundwork to digitize payments between buyers and suppliers.