Trump could pick Jamie Dimon for Treasury secretary
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 profit jumps as investment banking recovers
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 profit drops on lower interest income, outlook lifts shares
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.
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
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.
Many consumers stay with their banks for years unless persuaded by other bank incentives
AI and online-only perks aren't what some bank customers wants, but satisfaction with brick-and-mortar banks is declining.
5 sneaky travel scams that target your money and how to avoid them
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."
Wells Fargo fires more than a dozen employees for faking work: report
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."
Trump backs Bitcoin as defense against foreign adversaries, centralized digital currency
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.
What is a high-yield savings account and how do I set one up?
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.
Former Fed official's bank set to receive rare master account approval, raising eyebrows
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 to resign after pressure from lawmakers
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 signals retirement is closer than ever
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.
Key Democrat calls for FDIC chief's ouster over 'toxic culture' that includes sexual harassment
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 changes coming this year will mean fewer cards for Americans
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.
Bank creates mechanism for depositors to contribute to Baltimore bridge collapse recovery
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.
Share of gig workers hit a new high in March
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.
Republic First seizure signals more bank failures to come, expert warns
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 CEO Rich Handler cashes in more than $65M in stock to buy yacht
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."
Conservative group takes aim at Wall Street in report claiming big banks have undercut firearms industry
The American Accountability Foundation has released a report on how big banks have refused to lend money to firearm and ammunition manufacturers in an "asymmetrical attack" on the firearms industry.
Indiana AG blasts Bank of America's alleged discriminatory behavior: 'You can't just pick and choose'
Indiana Attorney General Todd Rokita weighs in on the alleged behavior from Bank of America and its impact of free speech in the U.S.