Banking

Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped billions off its market value and piled pressure on management.

President Biden had to decide between competing demands for the titanic sum of frozen assets the U.S. government sat on.

One bank stood above the rest in customer satisfaction for the second year in a row, according to J.D. Power.

The Amex Rewards Checking account offers wide range of benefits, including an annual percentage yield rate of 0.5% and no maintenance or minimum balance fees.

University Credit Union announced it is eliminating overdraft fees as the CFPB weighs the effects of such fees on consumers.

The banks largely worry about shocks to the market that would result from Russia cutting oil and gas exports in reaction to sanctions, which would impact the global market.

Sen. Pat Toomey, the ranking member of the Senate Banking Committee, warned Thursday that two Biden nominees for financial regulator jobs could abuse the Fed's power.

Goldman Sachs Chief Executive David Solomon has been clear that he thinks working from home is an aberration. But the bank he runs has quietly allowed people to continue to telecommute, On the Money has learned.

The CFPB has been investigating "abusive overdraft fees," but five trade organizations warn that eliminating them could harm consumers.

Lisa Cook, President Biden's latest nominee for governor of the Federal Reserve, said repeatedly in recent years that she supports reparations.

Just a couple of months after blocking Saule Omarova's nomination to be the comptroller of the currency, Banking Committee Republicans have their next target in Sarah Bloom Raskin.

Goldman Sachs and JPMorgan Chase, Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking.

Amid increased scrutiny from the CFPB towards banks' overdraft fees, Bank of America announced it is reducing these consumer charges.

As Buy Now, Pay Later options grow more popular, international BNPL provider APEXX Global announces its launch in the United States.

Credit Suisse said late Sunday that Antonio Horta-Osório had resigned following an investigation commissioned by the board that examined his conduct, including travel that breached COVID-19-related government rules and his personal use of corporate aircraft.

Credit Suisse Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the bank said on Monday, raising questions over the embattled lender's new strategy as it tries to recover from a string of scandals.

JPMorgan Chase’s fourth-quarter profit fell 14%, the bank said Friday, but the bank set a record for annual profit.

Citigroup plans to meet a Friday vaccination deadline, despite the Supreme Court ruling blocking the Biden administration's enforcement of a COVID-19 mandate for businesses with 100 or more employees.

Bank of America is joining JPMorgan and Capital One in cutting overdraft fees.

Mexico ended 2021 with an annualized inflation rate of 7.36%, the highest in 20 years, the national statistics institute said Friday.