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Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions.  Legal Statement.

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Wells Fargo raises interest income forecast as third-quarter profit beats estimates
October 13, 2023

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
October 13, 2023

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.

FTX's Sam Bankman-Fried's ex-Caroline Ellison to take stand
October 10, 2023

FTX's Sam Bankman-Fried's ex-Caroline Ellison to take stand

The collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's former gal pal, in the firm's implosion.

Supreme Court takes up case that could determine CFPB's fate
October 3, 2023

Supreme Court takes up case that could determine CFPB's fate

The Supreme Court will hear arguments in a case challenging the constitutionality of the Consumer Financial Protection Bureau's funding mechanism that could create uncertainty around the regulatory agency's future.

JPMorgan Chase CEO Jamie Dimon on whether AI will replace some jobs: 'Of course, yeah'
October 2, 2023

JPMorgan Chase CEO Jamie Dimon on whether AI will replace some jobs: 'Of course, yeah'

Jamie Dimon recently discussed artificial intelligence (AI) with Bloomberg, weighing in on how it could affect jobs and how it could get utilized at the bank.

'Shark Tank' star reveals the stocks showing 'more cracks' in the market
September 29, 2023

'Shark Tank' star reveals the stocks showing 'more cracks' in the market

"Shark Tank" star Kevin O'Leary warns that commercial real estate buildings have become "uneconomic" as the threat of a sector crash still looms over markets.

JPMorgan Chase agrees to $75M settlement in US Virgin Islands case alleging bank enabled Jeffrey Epstein abuse
September 26, 2023

JPMorgan Chase agrees to $75M settlement in US Virgin Islands case alleging bank enabled Jeffrey Epstein abuse

JPMorgan Chase settled with the U.S. Virgin Islands for $75 million in a case alleging the company enabled Jeffrey Epstein's sex trafficking.

‘Shark Tank’ star warns real estate doom loop has 'not improved'
September 18, 2023

‘Shark Tank’ star warns real estate doom loop has 'not improved'

O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary discusses the looming commercial real estate collapse and its impact on banks and small businesses.

Citi NYC headquarters blocked by climate protesters; police arrest over 20 people
September 14, 2023

Citi NYC headquarters blocked by climate protesters; police arrest over 20 people

Entrances at Citigroup's headquarters in New York City were blocked by climate protesters Thursday. Police made multiple arrests, and people were eventually able to enter the building.

Citigroup reorganizes business model to streamline operations
September 13, 2023

Citigroup reorganizes business model to streamline operations

Citigroup is making "significant changes" to streamline its organizational model. The flatter structure will eliminate management layers and speed up decision-making.

Federal judge rules against CFPB's anti-discrimination effort
September 11, 2023

Federal judge rules against CFPB's anti-discrimination effort

A federal judge ruled that the Consumer Financial Protection Bureau overstepped its authority by looking to pursue regulatory actions related to anti-discrimination efforts.

UBS to absorb Credit Suisse's Securities Research offering
September 5, 2023

UBS to absorb Credit Suisse's Securities Research offering

UBS will absorb Credit Suisse's Securities Research service later in September, wrapping the business into its own research operations, the bank said in a letter.

Fed increasing demands for corrective actions by regional banks: report
August 30, 2023

Fed increasing demands for corrective actions by regional banks: report

The Federal Reserve has issued a number of private warnings to regional lenders as it seeks to tighten supervision following a spate of bank collapses.

Regulators propose changes to ‘living wills’ and debt rules for big banks in wake of crisis
August 29, 2023

Regulators propose changes to ‘living wills’ and debt rules for big banks in wake of crisis

Federal financial regulators proposed new rules for large banks that aren't classified as systemically important related to their long-term debt holdings and their "living wills."

'Shark Tank' star Kevin O'Leary warns soaring interest rates will cause 'real chaos' for US economy
August 27, 2023

'Shark Tank' star Kevin O'Leary warns soaring interest rates will cause 'real chaos' for US economy

"Shark Tank" star and multi-millionaire investor Kevin O'Leary discuss the U.S.'s feeble economy as mortgage rates continue to skyrocket year-over-year.

Credit card mistakes even high-credit score mavens make
August 27, 2023

Credit card mistakes even high-credit score mavens make

Using credit cards for everyday spending, travel and to even pay monthly bills is a great way to build your credit score but there are some dos and don'ts even the most seasoned spenders need to know.

Consumers want AI to help manage their personal finances: study
August 25, 2023

Consumers want AI to help manage their personal finances: study

A new study by Intuit Credit Karma via Qualtrics found that American consumers want generative artificial intelligence tools to help them manage their personal finances.

Wells Fargo says customers are experiencing 'issues with certain transactions' amid possible outage
August 24, 2023

Wells Fargo says customers are experiencing 'issues with certain transactions' amid possible outage

Wells Fargo said that customers are experiencing issues with some transactions Thursday, according to a company spokesperson, amid reports of people being unable to access certain account features.

S&P downgrades multiple US banks citing 'tough' lending environment
August 22, 2023

S&P downgrades multiple US banks citing 'tough' lending environment

S&P Global Ratings downgraded five regional U.S. banks by one notch and lowered its outlook for several other lenders, following a similar move by Moody's.

Bank app glitch allows customers with no funds to withdraw cash
August 15, 2023

Bank app glitch allows customers with no funds to withdraw cash

A massive glitch with an app from the Bank of Ireland allowed customers with no funds in their account to withdraw money from ATMs across the country.

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