Banking

Here's a look at how political action committees in five industries have been contributing to federal candidates ahead of the midterms, according to OpenSecrets data.

Carlos Hernandez, a veteran at JPMorgan is retiring at the end of Q1 next year. He currently leads the struggling corporate investment banking division.

The second-largest U.S. bank, led by Brian Moynihan, earned 81 cents a share vs. analysts' expectations of 77 cents per share in the third quarter of the year.

Goldman Sachs is planning to restructure its biggest businesses into three divisions, which include combining investment banking and trading businesses into one unit.

Odeon Capital Group chief financial strategist Dick Bove predicts big bank earnings won't continue to be "very strong" if the economy slows down and loan demand slides.

The bank set aside $808 million in reserves, as the U.S. Federal Reserve's efforts to cool the economy through interest rate hikes have stoked fears of an economic downturn.

Kanye West, know known as Ye, has severed ties with JPMorgan Chase. The bank notified his company Yeezy of the change on Sept. 20, weeks before the designer's most recent controversies.

JPMorgan, Wells Fargo, Citigroup and Morgan Stanley will begin earnings season for the major banks on Friday morning.

JPMorgan Chase allegedly closed the bank account of the National Committee for Religious Freedom and demanded a list of political donors from the bipartisan, multi-faith nonprofit.

Defined benefit pensions have to make sure that their assets, such as stocks and bonds, can generate enough cash to meet liabilities - the monthly payouts guaranteed to pensioners.

The Swiss bank's debt buyback plans come in an effort to calm market jitters related to its financial health. Credit Suisse shares jumped more than 10% on Friday.

Edward Jones' parent has scrapped plans to create a new bank as market turmoil looms and banking crises in the U.K. and at Credit Suisse threaten a Lehman moment.

Online forums, including Twitter and Reddit, have been playing an outsized role in affecting the value of companies like GameStop, AMC and Credit Suisse.

A report from Democratic Massachusetts Sen. Elizabeth Warren's office alleged fraud and scam incidents are becoming more frequent on the payment service Zelle.

Andrew Bailey, the Governor of the Bank of England, stemmed a bond crisis last week by purchasing government debt, calming the markets but increasing inflationary pressure.

Credit Suisse Group AG tried to assuage fears about its health in a memo to employees and in a round of phone calls to investors and clients over the weekend.

JPMorgan Chase & Co. told Reuters the megabank plans on hiring roughly 2,000 engineers worldwide by the end of 2022 despite the slowing global economy.

The Federal Reserve Board announced Thursday that it will conduct a climate risk analysis involving six of the largest U.S. banks beginning next year.

Bankruptcy Judge Chapman closed the brokerage's estate on Wednesday and awarded final payments to the trustee and his law firm who oversaw the liquidation.

Apple Pay Later was not released with the iOS 16 update as expected, and the company has not given a new date for its release.