FDIC cancels planned board meeting after WSJ reports of toxic workplace
The FDIC board called off a scheduled meeting to complete a plan to reimburse a federal deposit insurance fund for billions in losses tied to the collapse of two large banks in March.
WNBA's Napheesa Collier appreciates US Bank's financial literacy program: 'It is so important'
U.S. Bank's partnership with the WNBA isn't just writing a check but rather helping all 144 players with their financial literacy program tailored just for them.
Hackers hit Wall Street arm of Chinese banking giant ICBC
A U.S. subsidiary of China’s ICBC Financial Services was hacked this week, threatening a temporary logjam for some trades in the Treasury bond market.
Goldman Sachs issues memo to 2024 campaigns warning of under-the-radar regulation harming small businesses
FIRST ON FOX: A Goldman Sachs small business initiative is calling on 2024 political candidates to oppose efforts to restrict small business owners' access to capital.
Goldman moves to unload GM credit card
The credit-card program is largely marketed toward people who buy and own General Motors cars. Goldman is also the issuer for the Apple credit card, which is much larger.
Visa launches consulting practice to advise clients on implementing AI
Visa launched its new AI Advisory Practice as a way to add value for clients by offering insights and recommendations on implementing AI to boost business performance.
Customers at major US banks hit with deposit delays
Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue.
JPMorgan's Jamie Dimon warns business-friendly Texas over laws aimed at Wall Street firms
JPMorgan Chase CEO Jamie Dimon warned Texas it risks damaging its business-friendly image with laws aimed at punishing major Wall Street firms.
Homebuyers nationwide feeling the impacts of rising interest rates
Homebuyers nationwide are experiencing rising interest rates while sellers and lenders work through declining mortgage applications as both categories hit levels not seen in decades.
JPMorgan Chase CEO Jamie Dimon to sell company stock for first time
JPMorgan CEO Jamie Dimon plans to sell a portion of his family’s holdings in the bank for the first time, offloading 1 million of the 8.6 million shares, according to an SEC filing.
Citigroup fires employee over 'revolting' antisemitic social media post
Citigroup has terminated the employment of a personal banker who went viral after posting on Instagram, "No wonder why Hitler wanted to get rid of all" the Jews.
Biden called upon by pro-growth groups to withdraw CFPB’s late fees rule
A coalition of pro-growth groups are calling on the Biden administration to withdraw its credit card late fees rule, arguing the regulation will hurt responsible consumers.
Bank of America CEO says tight lending environment will lead to a slowdown in the US economy
With lending conditions "tight" and consumer temperature on inflation concerns still hot, Bank of America Chairman and CEO Brian Moynihan reveals timing of an economic slowdown.
Morgan Stanley profit shrinks as deal slump lingers
Profit for the three months ended Sept. 30 was $2.4 billion, the bank reported on Wednesday. That compares with the $2.6 billion recorded a year earlier.
Goldman Sachs CEO gives up high-profile DJ gigs
Goldman Sachs chief executive David Solomon has stopped DJing at high-profile events because of the attention the gigs grab, the company has confirmed.
Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
The Wall Street giant's net profit slumped 33% to $2.06 billion, or $5.47 per share, it said on Tuesday. Analysts on average had expected a profit of $5.31 per share.
Charles Schwab posts profit beat on robust asset management growth
Charles Schwab recorded a smaller-than-expected drop in quarterly profit on Monday as growth in asset management fees softened the blow from a fall in its net interest revenue.
Limiting credit card rates means credit won’t be everywhere you want to be
Limiting credit card rates means credit won’t be everywhere you want to be. Capping rates will mean banks and financial companies will restrict credit cards for less risk.
Wells Fargo raises interest income forecast as third-quarter profit beats estimates
The lender now expects 2023 net interest income – the difference between what the bank earns on loans and pays out on deposits – to be about 16% higher than a year earlier.
JPMorgan profit rises on interest income boost
Profit was $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. That compares with $9.74 billion, or $3.12 per share, a year earlier.