Financials

The Justice Department is investigating whether Visa Inc. is engaging in anticompetitive practices in the debit-card market, according to people familiar with the matter.

The Federal Reserve tells banks capital requirement rules eased during COVID-19 will end.

The Hartford is being chased by Chubb for a potential takeover.

On Wednesday top Goldman Sachs partners met with consultants about plotting a return to the office and how it might include new technology, like Zoom, which allows people more freedom to work remotely as well as in the office.  

Though 2020 was a year most people would like to forget, many Americans managed to significantly cut credit card debt.

Some of the hedge funds hardest hit by January’s populist short squeeze have already begun recovering from the pain inflicted by retail traders looking to topple Wall Street, The Post has learned.

Goldman Sachs and Caterpillar are leading the Dow to a new record.

The cryptocurrency business wants to convince the Biden administration it does more than “finance criminal enterprises.”

Citigroup has some of the deepest business relationships with the Kingdom and its massive business empire.

Omer Ismail, a Goldman partner and the head of its Marcus consumer unit, is leaving the bank to run a recently announced Walmart financial-technology startup.

Citigroup Inc said on Friday it recorded an additional $390 million in operating expenses in the 2020 fourth quarter after a U.S. federal judge ruled it was not entitled to recoup money it mistakenly wired to lenders of Revlon Inc last year.

Chick-fil-A experienced a nationwide outage of its credit card system, according to an update on its Facebook page.

The rally in bank stocks that has been propelled by inflation fears and a steepening yield curve has come too far, too fast, according to one Wall Street analyst.

The Federal Reserve experienced a major technical outage.

The average contract interest rate for 30-year fixed-rate mortgages increased to 3.08% from 2.98%.

Square Inc raised the bets on bitcoin by investing $170 million more and Chief Executive Jack Dorsey promised on Tuesday to “double down” on the payment firm’s commitment to the world’s biggest cryptocurrency.

The company has launched a search for Bell's permanent replacement, noting that they are seeking a CFO with "the capabilities and qualifications to help accelerate GameStop’s transformation." The search, which will evaluated both internal and external candidates, is being conducted by a "leading executive search firm." 

JPMorgan Chase has announced a series of new initiatives Tuesday to support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs) as part of a $30 billion commitment to advancing racial equity over the next five years, especially for Black and Latinx Communities. 

The VA delivers approximately $118 billion annually in benefits and services for veterans and their families, ranging from disability compensation, pension and fiduciary, education, home loan guaranty, vocational rehabilitation and employment, life insurance, and transition and economic development.

Billionaire Mark Cuban talks about what he believes is wrong with financial markets.