KeyBank customer info taken by hackers of third-party provider
KeyBank says that mortgage customers have become the victims of a hacker who grabbed personal information from a third-party provider.
Seattle CEO who made headlines for pay cut so workers could earn $70K resigns
Dan Price announced on Twitter that he was stepping down as CEO of credit card processing company Gravity Payments so he could fight "false accusations" of assault.
Ex-JPMorgan traders cleared of racketeering, found guilty of fraud
Three former JPMorgan Chase were acquitted of racketeering and conspiracy charges in a futures manipulation trial. Two were found guilty on other charges including fraud.
US economy remains one of the ‘most resilient’ in the world despite ‘headwinds’: BNP Paribas USA CEO
Jean-Yves Fillion, BNP Paribas USA CEO, detailed the economic "headwinds" facing his bank and other companies amid an inflationary environment and the conflict overseas.
Bitcoin bounce-back could take longer than you think
Bitcoin has been sliding since May, dipping below it's 200-week moving average. Financial specialists believe it will take up to a year for the cryptocurrency to recover.
Tuesday's trading: 5 things to know
Second-quarter earning reports for big financial firms were mixed as Goldman Sachs reported a better-than-expected $7.39, or a 2.5% gain
Bank of America posts revenue beat despite quarterly earnings miss
Bank of America's second quarter profit fell to $6.2 billion, or 73 cents per diluted share, compared to $9.2 billion, or $1.03 per share, during the same period a year ago.
Goldman profit halves but beats estimates as fixed-income trading shines
Revenue at the global markets unit, which houses Goldman's trading desks, jumped 32% to $6.47 billion, with fixed income, commodities and trading revenue surging 55% and equities revenue adding 11%.
Alabama lawsuit accuses Regions Bank, trustees of mismanaging trust founded by late secretary of state
Regions Financial has been accused in a lawsuit of allegedly overcharging fees and mismanaging a trust.
Crypto crashes show need for tougher rules: Bank of England
The Bank of England is warning about the cryptocurrency meltdown that's taken place this year, and the need for tougher financial regulations on the industry.
JPMorgan's mortgage business lays off, reassigns hundreds of employees as rates climb
Hundreds of employees in the bank's mortgage business have been caught in the crosshairs as the Federal Reserve has driven mortgage rates higher as it works to bring down inflation.
Apple 'Pay Later' to leverage new in-house credit assessment, lending company
The tech giant is bringing lending and credit assessment in-house for the first time through Apple Financing LLC.
How to build back your emergency fund in a tight budget
An emergency fund allows you to pay for unexpected expenses, like providing a cushion if you lose your job or face sudden financial obligations. Without savings, you may have to use credit cards.
Bank of America beats profit estimates on strength in consumer lending
Bank of America Corp reported a fall in first-quarter profit on Monday, as a slowdown in global deal making weighed on its investment banking businesses.
Russia may have defaulted on its debt for first time in 100 years: Moody's
Russia may have defaulted on foreign bonds for the first time since the years following the 1917 Bolshevik revolution.
JPMorgan profit falls 42% on slowdown in deals, trading
JPMorgan Chase & Co reported a fall in first-quarter earnings on Wednesday, hurt by a slowdown in dealmaking brought on by the Ukraine conflict and a decline in trading revenue.
Clock ticks toward Russia default after S&P downgrade
Standard & Poor's issued a downgrade of Russia's foreign currency rating increasing the prospect of defaulting on external loans for the first time in more than a century.
Student loan borrowers rip Biden’s extension: ‘It’s very unfair’
Student loan borrowers sound off on Biden extending the pause on federal student loan repayments, saying it's "unfair" for those who have payed debts and are still actively paying.
Deutsche Bank winding down Russia business
Deutsche Bank has joined JPMorgan Chase and Goldman Sachs in winding down its business in Russia following the country's invasion of Ukraine.
Goldman Sachs becomes first Wall St. firm to exit Russia
Goldman Sachs has become the first Wall Street firm to suspend its operations in Russia following the country's invasion of Ukraine.