Lawsuit from survivors of Hamas' Oct. 7 attack sue crypto firm Binance for allegedly funding terror group
A lawsuit filed by survivors of the Hamas Oct. 7 attack on Israel are suing a cryptocurrency firm for allowing the terror group to raise money on its platform.
China's economy is sick and could infect the US
China's economic slowdown looks likely to worsen, a reality that could inflict some pain on U.S. companies highly reliant on their business with the country.
JPMorgan, US Virgin Islands trade allegations over enabling Jeffrey Epstein's sex trafficking of girls
JPMorgan Chase and the U.S. Virgin Islands are battling in court over allegations of condoning Jeffrey Epstein's sex trafficking of young girls.
Chase Bank warned on religious discrimination by 19 GOP attorneys general
19 Republican attorneys general sent a letter to JPMorgan Chase & Co., on Tuesday demanding the company stop discrimination against customers with certain religious or political affiliations.
FDIC looks to change deposit insurance policy following First Republic Bank failure
The Federal Deposit Insurance Corporation (FDIC) released a report this week seeking reform of its deposit insurance system due to recent instability in multiple U.S. banks.
Kevin McCarthy: There are a lot of 'different problems' under Biden
House Speaker Kevin McCarthy aid out the various domestic and world problems facing President Joe Biden.
Federal Reserve sounded alarm about Silicon Valley Bank's risk management in 2019: report
The Federal Reserve reportedly issued multiple warning about Silicon Valley Bank's risk management starting at least four years before the bank's implosion.
Musk responds to $100B credit line in $2B UBS-Credit Suisse deal: 'Wow'
Twitter CEO Elon Musk responded to the news that UBS would get a $100 billion credit line in the buyout of Credit Suisse for $2 billion, with one word: wow.
Biden backs tougher penalties for executives of failed banks in wake of collapses
President Biden released a statement Friday encouraging harsher penalties on bank executives who mismanage their institutions into financial collapse.
Fed’s Williams says restrictive policy needed for a few years to bring down inflation
The New York Fed president on the central bank’s efforts to bring down inflation using interest rate hikes and scenarios where high prices could be persistent.
Goldman Sachs’ David Solomon latest CEO hit with pay cut
Goldman Sachs CEO joins Apple’s Tim Cook as latest industry CEO hit with pay cut.
UK bank issues pronoun nametags, tells customers who do not approve to close their account
Halifax, a bank based in the United Kingdom, recently unveiled a new design for nametags that includes the option for the wearer to display their preferred pronouns.
Biden administration to impose new Russia sanctions banning all new investment in Russia
President Biden's administration is set to announce a slew of sanctions against Russia on Wednesday as the country's invasion of Ukraine continues.
Florida fishing accident kills Venezuelan billionaire's banker son who leapt overboard to save fiancée
A Florida banker, the son of a Venezuelan billionaire, jumped off a 60-foot fishing boat Saturday to try and save his fiancée, who had fallen overboard.
Russia hikes key rate to 20%, tells companies to sell FX
The Russian central bank on Monday raised its key interest rate to 20% from 9.5% to counter risks of rouble depreciation and higher inflation.
Biden administration and US allies aim to seize Russian yachts and mansions
The Biden administration and its allies announced a fresh round of Russian sanctions on Saturday that will not only target the banking system, but the physical assets of sanctioned oligarchs — including their yachts and mansions.
Canadian 'Freedom Convoy': TD Bank freezes accounts with $1.1M for trucker protest
Toronto-Dominion Bank froze two personal bank accounts to support ‘Freedom Convoy' protesters in Canada who are pushing back against vaccine mandates and other COVID-19 procedures.
Eric Adams scolds NYC big banks for remote work amid COVID surge: 'Can't run New York City from home'
New York City Mayor Eric Adams scolded big banks for sending their Big Apple-based employees back to remote work amid the spread of the highly contagious omicron variant, asserting that the financial powerhouses "can't run New York City from home."
Bank of America CEO warns 'bottlenecks have to get straightened out' to ensure continued economic growth
Bank of America CEO Brian Moynihan noted that his customers currently have more money in the bank and are spending more, but warned that supply chain issues, labor shortages and inflation could have an impact on economic growth.
ECB seen laying out plans in Q4 to end emergency asset purchases: Reuters poll
The European Central Bank is likely to announce long-awaited plans to reduce its pandemic-related asset purchases in the next quarter, according to a Reuters poll of economists, most of whom expected the programme to be wrapped up by the end of March.