Banking

Standard Chartered CEO Bill Winters walked back remarks about cutting thousands of jobs to replace workers with AI, calling his comments out of context.

Fanatics and American Express announced a new partnership on Wednesday that allows Amex cardholders to engage more deeply with their sports fandom while earning Fanatics rewards.

Expert Anthony Pompliano says investors are pouring billions into AI infrastructure as the U.S. lays the groundwork for the next century.

Federal Reserve Governor Stephen Miran submits resignation, celebrating conservative regulatory victories and the removal of reputational risk guidelines.

A former relationship manager at Santander bank admitted to defrauding a vulnerable 78-year-old customer of over $125,000, the Justice Department said.

World Liberty Financial CEO Zach Witkoff pushes back on bank concerns over stablecoins, saying crypto growth has not led to a deposit flight.

Banking spoof calls are tricking customers into emptying accounts as victims report losing thousands to scammers posing as bank fraud departments.

Senate Banking Chairman Tim Scott says he expects Kevin Warsh to be confirmed as Federal Reserve chair and calls him a fantastic pick for the role.

The Treasury Department said it has evidence that banks in Oman, the UAE, Hong Kong and China have allowed Iranian funds for illicit purposes

JPMorgan Chase's American Dream Initiative aims to support 10 million small businesses over 10 years, with a focus on entrepreneurship and supply chains.

JPMorgan CEO Jamie Dimon says excessive U.S. defense procurement bureaucracy mirrors Europe, holding back the country and limiting military adaptability.

Global banking giant HSBC Holdings Plc is considering significant job reductions thanks to artificial intelligence, a Bloomberg report indicated.

Morgan Stanley cuts 3% of workforce, affecting roughly 2,500 employees across investment banking and wealth management divisions in latest restructuring.

JPMorgan CEO Jamie Dimon warned that current market conditions mirror 2008 financial crisis buildup, citing high asset prices and risky lending practices.

Banks are worried about operational burdens as the Trump administration discusses requiring new documentation like passports from customers to verify citizenship status for accounts.

In a court filing amid a $5 billion lawsuit, JPMorgan Chase admitted to closing bank accounts tied to President Donald Trump after the events at the Capitol on Jan. 6, 2021.

Americans are getting bigger tax refunds this year, with average refunds jumping to $2,290 - up 10.9% from last year, according to the latest IRS data.

Redemption Bank became the 24th Black-owned Minority Depository Institution after Redemption Holding Co. acquired Holladay Bank & Trust with investors including Ally Financial.

JPMorgan Chase announced it will match the federal government’s $1,000 contribution to Trump Accounts belonging to eligible employees’ children.

Bank of America said it will match the federal government’s $1,000 contribution to Trump accounts for eligible U.S. employees with qualifying children.