Banking

Bank of America is utilizing artificial intelligence through its virtual assistant Erica to streamline customers' interactions with the bank while helping to keep expenses in check.

The Duke of York may have dined with convicted pedophile Jeffrey Epstein when he was on house arrest for soliciting a minor for prostitution, court filing suggests.

NatWest chief executive Alison Rose resigned Wednesday after Nigel Farage's account with the U.K. bank Coutts was dropped over his political beliefs.

Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets and The lenders also raised $400 million in equity from investors.

Bank of America announced that its second-quarter profits beat Wall Street's expectations thanks to higher interest income and investment banking gains that beat forecasts.

On Monday, BlackRock announced that U.S. retail investors of its largest exchange-traded fund will now have an opportunity to cast a proxy vote in the 2024 voting season.

The major banks will wrap up earnings next week as investors keep an eye on quarterly reports from Tesla and Netflix as well as economic data housing, including mortgage rates.

JPMorgan Chase said on Friday that the bank’s profits moved 67% higher over the second quarter, as borrowers' interest payments increased from the purchase of First Republic Bank.

Commercial real estate faces a reckoning in the wake of the COVID-related shift to remote work, with $800 billion worth of office space worldwide at risk.

Carl Icahn's has detached his personal loans from Icahn Enterprises reducing risk for investors and addressing short-seller Hindenburg's concerns.

Americans are living paycheck to paycheck as inflation and rising taxes are making it harder to sock away cash for emergencies, according to a new survey.

Barclays Bank agreed to pay more than £20,000 compensation in response to a lawsuit that alleged religious discrimination after they shuttered the bank account of a Christian nonprofit.

Among the top performers were Charles Schwab Corp. and Deutsche Bank's U.S. operations, while regional lenders Citizens Financial Corp. and US Bancorp were the laggards of the pack.

Massachusetts Sen. Elizabeth Warren sent a letter warning Treasury Secretary Janet Yellen and other financial regulators against allowing further bank mergers.

A blistering report by FTX CEO John J. Ray III accuses ex-CEO Sam Bankman-Fried and former top executives of lying to banks, executing false documents and hiding their wrongdoing.

Longtime JPMorgan Chase & Co. director James Crown died Sunday in a car accident. Chairman and CEO Jamie Dimon said Crown's "heart and his wisdom will be profoundly missed."

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

Tech giant IBM has finalized a deal for the software provider Apptio for $4.6 billion from Vista Equity Partners, giving the tech company greater automation capabilities.

The Federal Reserve will release the results of this year's banking "stress tests" on Wednesday, helping assess the stability of financial instutions.

U.S. Federal Reserve Chair Jerome Powell said the Fed expects to raise interest rates again later this year after pausing rate increases during its June meeting.