U.S. audit firms need to know just how heavily their clients are involved in cryptocurrencies and other digital tokens before they agree to take on their financial statement audits, according to guidance from the American Institute of CPAs.

At least a quarter-million coronavirus relief loans may be listed in the wrong U.S. congressional district in data the Trump administration released for the Paycheck Protection Program, hampering efforts to determine how effective the initiative to help small businesses is.

Banca Transilvania is throttling down its appetite for acquisitions, which have pushed it to the top of Romania’s financial industry. Instead, the lender will use its surplus liquidity as a buffer to face the economic fallout from the coronavirus pandemic.

Bank of America Corp.’s profit slid 52% as it joined rivals in preparing for an onslaught of consumer defaults spurred by the pandemic’s economic fallout.

The Chinese banking and insurance regulator issued draft rules on Thursday to govern operations and financial services in the event of an emergency like a natural disaster or public-health incident.

The riskiest parts of the $700 billion collateralized loan obligation market are signaling a tough road ahead for U.S. companies, with a wave of bankruptcies potentially spanning years.