Banking

A blistering report by FTX CEO John J. Ray III accuses ex-CEO Sam Bankman-Fried and former top executives of lying to banks, executing false documents and hiding their wrongdoing.

Longtime JPMorgan Chase & Co. director James Crown died Sunday in a car accident. Chairman and CEO Jamie Dimon said Crown's "heart and his wisdom will be profoundly missed."

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

Tech giant IBM has finalized a deal for the software provider Apptio for $4.6 billion from Vista Equity Partners, giving the tech company greater automation capabilities.

The Federal Reserve will release the results of this year's banking "stress tests" on Wednesday, helping assess the stability of financial instutions.

U.S. Federal Reserve Chair Jerome Powell said the Fed expects to raise interest rates again later this year after pausing rate increases during its June meeting.

JPMorgan Chase has moved its global head of securities services into the role of chief data and analytics officer as the bank continues its artificial intelligence-related efforts.

U.S. Federal Reserve Chair Jerome Powell testified before a House panel on Wednesday, saying more rate hikes are on the way, after the central bank paused hikes last week.

The United Kingdom's Office for National Statistics signaled the inflation rate in May remained unchanged, worrying borrowers who are now expecting borrowing rates to rise.

Federal Reserve Vice Chair for Supervision Michael Barr said Tuesday that the central bank is looking to be more agile in regulating banks before and during financial crises.

More Americans have said they are reaching out to their financial institutions for advice, according to a survey by Morning Consult. Here’s what you need to know.

Silicon Valley Bank customers in Asia having their deposits seized by the Federal Deposit Insurance Corp. and remain indebted to First Citizens Bank for loans.

The Federal Reserve warned in its semi-annual monetary report to Congress that tightening credit conditions could weigh on the U.S. economy this year.

A sensational new federal filing accuses the Virgin Islands government of pandering to then-convicted pedophile Jeffrey Epstein, even soliciting his input on a sex offender bill.

Officials are seeking documents related to Goldman Sachs' role as both buyer of SVB’s securities portfolio and adviser on the company’s capital raise.

JP Morgan has no plans to settle a lawsuit brought by the U.S. Virgin Islands that alleges the bank helped facilitate the alleged sex trafficking of disgraced financier Jeffrey Epstein.

Lawyers for a Jeffrey Epstein accuser want a second chance at deposing JPMorgan Chase CEO Jamie Dimon, arguing the bank took too long to turn over documents.

Lawmakers are pushing legislation that would reform the credit card industry with the purpose of fostering greater competition, prompting widespread outcry from a diverse coalition.

The recent collapses of tech-friendly banks, including Silicon Valley Bank (SVB) and Signature Bank were why 48% of Americans said they were stressed about the safety of the money they have in accounts at banks or other financial institutions, according to a Gallup survey.

The Consumer Financial Protection Bureau's latest advisory warns of potential problems with the use of artificial intelligence bots for customer service in banking.