Banking

President Biden's nominee for a key Treasury post said Sen. Joe Manchin blocks important spending bills in a roundtable earlier this year, as her nomination appears in danger of tanking in the Banking Committee.

Jes Staley stepped down as chief executive of Barclays PLC under pressure from regulators about how he characterized his relationship with the convicted sex offender and financier Jeffrey Epstein.

A group of nearly 100 banks and other industry groups urged the Biden administration to drop a plan to force banks to turn over most customers' account information to the Internal Revenue Service.

President Biden's pick to the comptroller of the currency Saule Omarova also previously called the financial services industry the "quintessential a------ industry."

Republican state attorneys general appear poised to challenge the constitutionality of a proposal allowing the federal government to collect data on bank accounts, regardless of how many accounts are privy to the snooping.

A whistleblower whose information helped U.S. and U.K. regulators investigate manipulation of global interest-rate benchmarks by Deutsche Bank AG was awarded nearly $200 million for assisting the probe, according to people familiar with the matter.

A pro-Republican outside group criticizes a proposal by Democrats that forces banks to give the IRS bank account information, to take aim a vulnerable House Democrats

The Biden administration agreed this week to pare back a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service under a barrage of criticism from both industry groups and Republicans – but banks say the measure still goes too far and poses a serious privacy concern.

Average monthly fees for interest checking accounts are up more than 5 percent, hitting a record high.

Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands.

Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has allowed banks to have fewer bad loans and charge-offs.

Republicans say the treasury secretary's comments about the proposed IRS reporting requirement are technically correct but miss the point.

JPMorgan Chase & Co. Chief Executive Jamie Dimon says the economy is healthy and expects it to stay that way.

Group of Seven advanced economies said on Wednesday that any digital currency issued by a central bank must "support and do no harm" to the bank's ability to fulfill its mandate on monetary and financial stability, and must also meet rigorous standards.

JPMorgan Chase & Co.’s third-quarter profit rose 24%, the bank said Wednesday.

Treasury Secretary Janet Yellen continues to defend the Biden administration's proposed requirement for banks to report every transaction of $600 or more to the IRS, saying, "There's a lot of tax fraud and cheating that's going on."

The Sussexes will be "impact partners" and investors at Ethic which focuses on investing in the environmental, social, and governance space.

The Philadelphia Federal Reserve is promoting critical race theory materials on its website.

Sen. Pat Toomey is asking President Biden's nominee to lead the Office of the Comptroller of the Currency to hand over her thesis on Karl Marx.

Banks rushed to work with the Apple Pay mobile wallet when it debuted in 2014. They have some regrets.