Banking

Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue.

JPMorgan Chase CEO Jamie Dimon warned Texas it risks damaging its business-friendly image with laws aimed at punishing major Wall Street firms.

Homebuyers nationwide are experiencing rising interest rates while sellers and lenders work through declining mortgage applications as both categories hit levels not seen in decades.

JPMorgan CEO Jamie Dimon plans to sell a portion of his family’s holdings in the bank for the first time, offloading 1 million of the 8.6 million shares, according to an SEC filing.

Citigroup has terminated the employment of a personal banker who went viral after posting on Instagram, "No wonder why Hitler wanted to get rid of all" the Jews.

A coalition of pro-growth groups are calling on the Biden administration to withdraw its credit card late fees rule, arguing the regulation will hurt responsible consumers.

With lending conditions "tight" and consumer temperature on inflation concerns still hot, Bank of America Chairman and CEO Brian Moynihan reveals timing of an economic slowdown.

Profit for the three months ended Sept. 30 was $2.4 billion, the bank reported on Wednesday. That compares with the $2.6 billion recorded a year earlier.

Goldman Sachs chief executive David Solomon has stopped DJing at high-profile events because of the attention the gigs grab, the company has confirmed.

The Wall Street giant's net profit slumped 33% to $2.06 billion, or $5.47 per share, it said on Tuesday. Analysts on average had expected a profit of $5.31 per share.

Charles Schwab recorded a smaller-than-expected drop in quarterly profit on Monday as growth in asset management fees softened the blow from a fall in its net interest revenue.

Limiting credit card rates means credit won’t be everywhere you want to be. Capping rates will mean banks and financial companies will restrict credit cards for less risk.

The lender now expects 2023 net interest income – the difference between what the bank earns on loans and pays out on deposits – to be about 16% higher than a year earlier.

Profit was $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. That compares with $9.74 billion, or $3.12 per share, a year earlier.

The collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's former gal pal, in the firm's implosion.

The Supreme Court will hear arguments in a case challenging the constitutionality of the Consumer Financial Protection Bureau's funding mechanism that could create uncertainty around the regulatory agency's future.

Jamie Dimon recently discussed artificial intelligence (AI) with Bloomberg, weighing in on how it could affect jobs and how it could get utilized at the bank.

"Shark Tank" star Kevin O'Leary warns that commercial real estate buildings have become "uneconomic" as the threat of a sector crash still looms over markets.

JPMorgan Chase settled with the U.S. Virgin Islands for $75 million in a case alleging the company enabled Jeffrey Epstein's sex trafficking.

O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary discusses the looming commercial real estate collapse and its impact on banks and small businesses.