Deal offers more banking services for California pot firms
A state credit union that will provide checking, wire transfers and other banking services for more marijuana companies
Top US banks' tax bill could surge $11B under Biden administration
Top American banks could see their tax bill rise surge if President-elect Joe Biden forges ahead with his campaign pledge to increase the corporate rate.
GM, Goldman Sachs, Mastercard join forces on credit card venture
General Motors, Goldman Sachs and Mastercard are joining forces to create co-branded, rewards-based credit cards this year.
Wells Fargo CEO says bank is ‘capable of much more’ after coronavirus impacts earnings
Wells Fargo & Co. reported fourth-quarter earnings that were mixed, as the company continues to be hampered by the coronavirus pandemic, as well as ongoing issues at the bank.
JPMorgan, Wells Fargo & Citigroup may kick off a banner earnings season
JPMorgan, Wells Fargo and Citigroup report earnings on Friday.
Marijuana stocks boom with new hopes for legalization as Democrats take power
Marijuana stocks are booming this week following the victories of Raphael Warnock and Jon Ossoff in Georgia's Senate election runoffs, which will give Democrats control of the Presidency and both chambers of Congress.
China highly criticizes Ant Group, tells company to switch back to its mainstay payments business
Chinese financial regulators moved to rein in Ant Group Co., the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and rectify problems in faster-growing areas such as personal lending, insurance and wealth management.
JPMorgan CEO Jamie Dimon: 'I thought I heard it' when aorta burst
JPMorgan Chase CEO Jamie Dimon said he "thought he heard it" when his aorta burst in March.
Coronavirus relief: Morgan Stanley commits $2M to NYC street food vendors
Morgan Stanley is giving back in a big way to the street food vendors of New York City
London's financial future at stake over Brexit
Brexit trade negotiations are down to the wire this week. Even if the U.K. and European Union strike an accord, it won’t cover Britain’s most valuable industry, and one coveted by the EU: finance.
Trump admin to auction Arctic Refuge oil leases just before inauguration
The Trump administration has taken another step in its efforts to open up Alaska's Arctic National Wildlife Refuge for drilling, announcing Thursday it would sell oil and gas leases on Jan. 6.
Former Citi exec Ray McGuire launches NYC mayoral run in Spike Lee-narrated video
Wall Street executive Ray McGuire announced his run for New York City mayor on Wednesday with a video narrated by film director Spike Lee.
HSBC considers exit from US retail banking: FT
The bank's senior management aim to present the plan to the board in the coming weeks.
Recovery bumpy until vaccine widespread: Lagarde
European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news about vaccine development.
Banks eye election unrest but plan to keep branches open
Like droves of businesses around the nation, some of the country's largest banks are bracing for the possibility of protests or riots that may occur following the presidential election.
Uber founder turns real-estate mogul for ghost kitchen startup
The former chief executive of Uber Technologies Inc. has been quietly assembling a mini real-estate empire over the past two years, acquiring closed restaurants, auto-body shops and warehouses for use in his new ghost kitchen venture.
FDIC survey finds record number of American households obtained a bank account in 2019
The FDIC noted that the decline by nearly half in unbanked households between 2017 and 2019 was associated with improvements in household's socioeconomic circumstances, including higher annual income, lower monthly income volatility, low unemployment and higher rates of home ownership status and educational attainment that came as a result of a strong economy.
Discover CEO sounds warnings on white collar job loss
Discover Financial Services Chief Executive Officer Roger Hochschild sounded the alarm about the growing loss of white collar jobs.
Citibank's Ray McGuire to run for NYC mayor
NYC Mayoral hopeful Ray McGuire, global head of Citibank’s corporate and investment banking, would inherit a ravaged city left by Bill de Blasio.
Citigroup's third-quarter profits fall 34% but top Wall Street expectations
Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division, as the pandemic continues to make it tough for millions of Americans and businesses to pay their bills.