What to know about Mazars USA, Trump's accounting firm
Mazars USA holds Trump's tax returns that Manhattan District Attorney Cy Vance and others are trying to obtain.
Banks poised to reap billions in fees from small business loans
The Paycheck Protection Program helped small businesses avert mass layoffs and kept small businesses afloat during the coronavirus pandemic. It may also be a revenue windfall for banks.
Deutsche Bank penalized $150M for Jeffrey Epstein relationship
The bank, which is said to have had a major role in Epstein’s financial affairs, previously said it regretted its ties to the deceased, accused sex-trafficker.
Lemonade shares squeeze higher in stock market debut
The New York-based insurance startup backed by Japanese tech giant SoftBank opened for trading at $50.06 a share and reached as high as $67.45
Citigroup pulls back on office return plans as coronavirus cases rise
Citigroup Inc said on Wednesday it was delaying plans for U.S. employees returning to offices as COVID-19 cases rise in several states.
Wells Fargo to cut dividend while other big banks hold payouts steady
Nation’s fourth-largest bank has cited weak earnings during the pandemic
Supreme Court orders restructuring of Consumer Financial Protection Bureau
The Supreme Court on Monday ordered changes to a government consumer-finance watchdog created in the wake of the 2008 financial crisis.
Fed caps bank dividends, suspends stock buybacks in 3Q stress test coronavirus pause
The Fed's stress tests are adding some temporary 3Q restrictions so banks can remain healthy post the pandemic.
Community banks shine during PPP loan rush as big banks fall short: FBN investigation
Unlike big, “money-center banks” headquartered in New York City such as JPMorgan Chase, Citigroup and in Wells’ case, San Francisco, community banks are locally owned and operated. You won't see their branch offices on every street corner and they don't conduct glitzy advertising campaigns.
Coronavirus caused surge in online fraud, TransUnion finds
The report found the uptick in fraudulent activity may be linked to the increase in "card not present" activity amid a 250 percent surge in digital transactions since the pandemic began.
5 biggest US banks
JPMorgan Chase and Bank of America are among the five biggest U.S. banks.
Wirecard says missing $2.1B likely did not exist; withdraws forecasts
Chief Executive Officer Markus Braun quit on Friday
Wirecard seeks new financing strategy after Moody's junk downgrade
The scandal-hit company, whose CEO resigned on Friday, is desperately seeking to reassure investors after its search for the missing cash hit a dead end in the Philippines, prompting ratings agencies to react.
These US companies are observing Juneteenth as a work holiday this year
Nearly every state and Washington, D.C. recognizes the day as a holiday or observance, although it is not a federal holiday.
Wirecard slumps 40% as search for missing billions turns to Philippines
It is the second day of declines for shares of the company
Ex-Morgan Stanley diversity officer says bank cut her budget by 71%
A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71 percent from the time she started in wealth management to 2019.
HSBC revives plan to axe 35,000 jobs
In March, HSBC had postponed the job cuts due to the coronavirus
Morgan Stanley's ex-diversity chief suing firm, alleges racial discrimination
Morgan Stanley’s former global head of diversity is suing the finance firm, accusing it of racial discrimination, illegal retaliation and violating the Equal Pay Act.
Raymond James employee fired after confronting Black Lives Matter supporter writing message in chalk
The employee and a woman were captured on video questioning a man painting the Black Lives Matter slogan on what he says is his home.
The early coronavirus warning that woke up Wall Street
Before COVID-19 upended American life, the head of a $33 billion U.K. foundation told a collection of money managers how bad it was going to get. The alarm spread through the worlds of finance and business.