Financials

The bank set aside $808 million in reserves, as the U.S. Federal Reserve's efforts to cool the economy through interest rate hikes have stoked fears of an economic downturn.

The Swiss bank's debt buyback plans come in an effort to calm market jitters related to its financial health. Credit Suisse shares jumped more than 10% on Friday.

Global fintech investment fell from $111.2 billion in the second half of 2021 to $107.8 billion in the first half of 2022, according to KPMG's Pulse of Fintech report

Treasury Secretary Janet Yellen sees inflation coming under control next year due to a variety of factors. Those factors include investments in clean energy.

KeyBank says that mortgage customers have become the victims of a hacker who grabbed personal information from a third-party provider.

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.

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.

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 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.

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'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.

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%.

Regions Financial has been accused in a lawsuit of allegedly overcharging fees and mismanaging a trust.

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.

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.

The tech giant is bringing lending and credit assessment in-house for the first time through Apple Financing LLC.

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 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 foreign bonds for the first time since the years following the 1917 Bolshevik revolution.

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.