Trump backs Bitcoin as defense against foreign adversaries, centralized digital currency
Former President Trump called Bitcoin a key route to energy dominance, as well as the "last line of defense" against a centralized digital currency controlled by the U.S. government.
What is a high-yield savings account and how do I set one up?
A high-yield savings account offers a higher interest rate than a traditional account. This allows you to make more on the money you deposit.
Former Fed official's bank set to receive rare master account approval, raising eyebrows
Numisma, a small bank founded by former Fed official Randal Quarles, received conditional approval for a master account, a highly sought-after service denied to most uninsured institutions.
FDIC chair to resign after pressure from lawmakers
FDIC Chair Martin Gruenberg says he will step down once he is replaced after growing calls from federal lawmakers for him to resign over the agency's toxic work environment.
JPMorgan Chase CEO Jamie Dimon signals retirement is closer than ever
JPMorgan Chase CEO Jamie Dimon told analysts and investors at the firm's annual investor day that he expects to depart from his role within the next five years.
Key Democrat calls for FDIC chief's ouster over 'toxic culture' that includes sexual harassment
Democrat Senate Banking Committee Chair Sherrod Brown is calling on President Biden to replace embattled FDIC Chair Martin Gruenberg over the agency's "toxic culture."
Visa changes coming this year will mean fewer cards for Americans
Visa says it has "reinvented" the card, and Americans will soon be able to make payments from multiple credit and debit account options using a single card.
Bank creates mechanism for depositors to contribute to Baltimore bridge collapse recovery
Baltimore's CFG Bank created a special bank account for depositors to give 0.05% of their interest to a relief fund for families and workers affected by the Key Bridge collapse.
Share of gig workers hit a new high in March
A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023.
Republic First seizure signals more bank failures to come, expert warns
The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.
Jefferies CEO Rich Handler cashes in more than $65M in stock to buy yacht
Jefferies disclosed Rich Handler's stock transaction and said its CEO had offloaded shares "to facilitate the purchase of a personal boat and to pay tax obligations."
Conservative group takes aim at Wall Street in report claiming big banks have undercut firearms industry
The American Accountability Foundation has released a report on how big banks have refused to lend money to firearm and ammunition manufacturers in an "asymmetrical attack" on the firearms industry.
Indiana AG blasts Bank of America's alleged discriminatory behavior: 'You can't just pick and choose'
Indiana Attorney General Todd Rokita weighs in on the alleged behavior from Bank of America and its impact of free speech in the U.S.
Jamie Dimon nets $183M after completing planned stock sale
Jamie Dimon offloaded 178,222 shares of JPMorgan Chase stock Monday worth about $33 million, according to a filing with the Securities and Exchange Commission.
Dimon says AI could have similar impact as the printing press, electricity and internet
JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders that artificial intelligence can be as transformational as the printing press, electricity and the internet.
Chase allowing advertisers to target customers based on purchases
Chase has launched a new platform, Chase Media Solutions, that allows marketers to target the bank's 80 million customers with ads based on their purchase histories.
Wyoming crypto bank not backing down in fight to access Federal Reserve
Custodia, one of four crypto banks in Wyoming, tells FOX Business it believes the judge's decision was wrong, and it’s considering all of its options, including an appeal.
Swipe fees cost consumers an estimated $578 million on Valentine’s Day: Study
Swipe fees are growing more costly for retailers and consumers, but the Fed is attempting to lower them.
Bank of Japan hikes interest rates for first time in 17 years
The move still keeps rates stuck around zero as a fragile economic recovery forces the central bank to go slow on further rises in borrowing costs, analysts say.
Americans increasingly upside down on auto loans as used car values fall
As used car prices gradually edge down, more Americans are underwater on their auto loans and the average amount consumers are upside down is at a record high, a new report found.