Financials

ProPublica says the loans were disbursed through an Atlanta-based fintech lending platform launched in 2009 called Kabbage, which processed nearly 300,000 Paycheck Protection Program loans before the first round of funds ran out in August 2020, just behind Bank of America.

The shock to the U.S. economy as a result of COVID-19 was harder on millennials and Gen Xers, who were more likely to have had their financial situations worsen due to the effects of the pandemic, according to the survey.

Some of the largest U.S. banks plan to start sharing data on customers' deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.

The Big Apple has taken a back seat to Beijing as the world’s billionaire capital, and that’s before a new state tax hike possibly pushes more fat cats to leave

U.S. Special Presidential Envoy for Climate John Kerry and GOP senators continued to butt heads over allegations the Biden administration directed banks to make energy-related lending commitments.

Deutsche Bank more than delivered in the latest quarter putting the lender's rocky past in the rearview mirror.

Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world's biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending.

The battering to Wall Street banks from Archegos Capital Management topped $10 billion after UBS Group AG and Nomura Holdings Inc. reported fresh hits caused by the fund’s collapse.

The NFT market has soared to $1.5 billion investors pile into digital collectibles.

American Express saw its first-quarter profits rise sharply, but the company saw a significant drop in revenue as fewer customers used their credit cards and those with balances paid down debt.

JPMorgan said on Friday it regretted supporting soccer clubs in launching a breakaway European Super League after the plan collapsed earlier this week due to a storm of protest from fans and politicians

JPMorgan Chase has hired approximately 90 junior bankers and support staff and will hire an additional 100 more globally in an effort to take on the bank's record volumes of activity and to help combat employee burnout, a source familiar with the matter told FOX Business.

Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions, according to people familiar with the matter.

NYSE staff will be contacting media outlets that have a presence on the floor about the possible reopening in the coming weeks.

Senate Republicans wrote a letter to Special Presidential Envoy for Climate John Kerry warning him to stop pressuring banks to make energy-related lending commitments.

Morgan Stanley's first-quarter profit more than doubled from a year earlier, reporting a profit of $4.1 billion, despite the bank's record performance being offset by Archegos losses.

The virtual hearings scheduled for May 26 and 27 could determine how much legislative and political risk the biggest banks will face through 2022

Until Bernie Madoff’s scheme came crashing down and the biggest Ponzi scheme in Wall Street’s history came to light, he appeared as a charming wizard with a Midas touch.

PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter, betting on higher soda sales from restaurants that are gradually reopening following the speedy rollout of coronavirus vaccines.

Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had set aside to cover potential coronavirus loan losses.