Bankings News & Updates | Fox Business
U.S. consumers have more debt and are starting to pull back on spending as they're trying to "maintain a lifestyle," says Bank of America's Brian Moynihan.
A group of 20 state attorneys general are accusing the Treasury Department of stoking "unfounded fear" in opposition to state laws banning de-banking practices.
Former President Trump is reportedly open to JPMorgan CEO Jamie Dimon serving as secretary of the U.S. Treasury if he wins a second term in the White House.
Morgan Stanley's net income rose to $3.1 billion, or $1.82 per share, in the three months ended June 30. That compares with $2.2 billion, or $1.24 per share, a year earlier.
Bank of America earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents per share, a year earlier.
Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said on Monday.
AI and online-only perks aren't what some bank customers wants, but satisfaction with brick-and-mortar banks is declining.
It can be very exciting to receive an email, direct-mail letter or phone call letting you know you’ve won a "free cruise" or an "all-expenses-paid-vacation to a tropical island."
More than a dozen Wells Fargo employees found themselves out of a job last month after the bank investigated allegations of "simulation of keyboard activity."
Former President Trump called Bitcoin a key route to energy dominance, as well as the "last line of defense" against a centralized digital currency controlled by the U.S. government.
A high-yield savings account offers a higher interest rate than a traditional account. This allows you to make more on the money you deposit.
Numisma, a small bank founded by former Fed official Randal Quarles, received conditional approval for a master account, a highly sought-after service denied to most uninsured institutions.
FDIC Chair Martin Gruenberg says he will step down once he is replaced after growing calls from federal lawmakers for him to resign over the agency's toxic work environment.
JPMorgan Chase CEO Jamie Dimon told analysts and investors at the firm's annual investor day that he expects to depart from his role within the next five years.
Democrat Senate Banking Committee Chair Sherrod Brown is calling on President Biden to replace embattled FDIC Chair Martin Gruenberg over the agency's "toxic culture."
Visa says it has "reinvented" the card, and Americans will soon be able to make payments from multiple credit and debit account options using a single card.
Baltimore's CFG Bank created a special bank account for depositors to give 0.05% of their interest to a relief fund for families and workers affected by the Key Bridge collapse.
A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023.
The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.
Jefferies disclosed Rich Handler's stock transaction and said its CEO had offloaded shares "to facilitate the purchase of a personal boat and to pay tax obligations."
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