The ECB said it would raise its key rate to 2% from 1.5%, the highest level since 2009. The bank also said it would reduce its multitrillion-dollar bondholdings starting in March

A judge recommends three ex-Wells Fargo executives pay a combined $18.5 million in fines over their alleged roles in the mega-bank's fake accounts scandal.

Dick Durbin's Credit Card Competition Act purports to increase competition in the credit card industry. In reality, it would do the opposite.

A bipartisan group of United States senators led by Chuck Schumer is reportedly working to attach marijuana legislation to “must-pass” bills at the end of the year.

Companies that are thinking outside the box of traditional ways to raise capital include Lordstown Motors, Foxconn, Bright Health Group, and JPMorgan Chase.

Citigroup is in talks to recoup a $500 million loan payment made for Revlon that was made by mistake.

Witnesses told the Senate Banking Committee that only those policies that are explicitly discriminatory should be rooted out to make the financial system fair.

The PMMS 30-year mortgage rate released by Freddie Mac dropped for the third week in a row after reaching a 20-year high this year caused by Fed rate hikes.

Founded by fintech executive-turned-crypto entrepreneur Zac Prince, the company said its bankruptcy stemmed from its substantial exposure to FTX and broader turmoil in crypto markets.

The pandemic supercharged money-transfer services. Zelle recorded some 1.8 billion transactions in 2021 totaling $490 billion, more than double prepandemic levels.

Women who allege they were abused by Jeffrey Epstein filed a lawsuit against two banks they claim benefited financially from his sex trafficking system.

Credit Suisse, racked with issues since it lost billions from the default of Archegos in March 2021, decided to issue stock after $1.6 billion in withdrawals.

Crypto lender Genesis sought $1 billion in emergency loan to fend off a bank run, caused by FTX collapse, before suspending redemptions and loan issuance.

Republicans in the House of Representatives, working through the Oversight Committee, are seeking to obtain extensive banking records of the Biden family.

Bonus season may not be as merry as in past years as a new estimate from compensation experts say bonuses could drop as much as 15%.

ECB President Christine Lagarde said central bankers must be "prepared to take the necessary decisions, however difficult, to bring inflation back down.

The bank boosted its key rate by three-quarters of a percentage point Thursday, to 3%, after consumer price inflation returned to a 40-year high in September.

Toomey, a Republican, has requested information from a dozen firms including proxy advisors and ratings agencies on how they come up with scores that rank how various corporations adhere to ESG.

The Consumer Financial Protection Bureau (CFPB) issued guidance last week to stop banks from charging surprise overdraft and bounced check fees.

Credit Suisse Group AG is reducing its workforce by 5% in the fourth quarter and plans to trim its headcount even more by 2025, the company said Thursday.