Banking

Morgan Stanley Chief Executive Officer James Gorman told the investment bank’s shareholders on Friday that he will step down within the next 12 months.

Deutsche Bank agreed to pay $75 million to settle a lawsuit from women who say they were abused by Jeffrey Epstein. The suit was filed in federal district court in New York.

Regional banks saw their share prices jump Wednesday in the wake of the banking crisis as Western Alliance Bank announced strong growth in its deposit base.

The former heads of Silicon Valley Bank, Signature Bank and First Republic Bank all blamed social media for fueling panic that led to bank runs on their institutions.

Jamie Dimon on Tuesday offered investors his views on the likelihood of JPMorgan Chase doing another purchase of a regional bank facing difficulties, saying it was "unlikely."

Treasury Secretary Janet Yellen will reportedly meet with the CEOs of Bank of America, Citigroup, JPMorgan and other big banks amid debt ceiling threat and bank crisis.

Silicon Valley Bank's former CEO, Greg Becker, gave the Senate Banking Committee his take on what led to the collapse of the institution, blaming "unprecedented" events.

Warren Buffett’s Berkshire Hathaway bought 9.9 million shares valued at $954 million in Capital One Financial Corp, while shedding holdings in other banks.

The board of directors at Chase Bank are urging shareholders to vote against a resolution demanding evaluation of how the bank oversees risk based on political and religious views.

Checking your credit score can help you in many ways, especially if you're about to take out a new line of credit such as new credit card or a new loan from a bank.

Higher interest rates have forced a credit crunch as banks slow lending, creating a backlash in capital and resource-starved business sectors like manufacturing.

The FDIC announced a proposed special assessment on large banks that would recoup the $15.8 billion pulled from an insurance fund following the failures of Silicon Valley Bank and Signature Bank.

Citigroup is scrambling to convince Texas state officials it isn’t the woke bank they say it is and it’s worthy of once again underwriting municipal bonds in the state.

The Swiss Federal Department of Economic Affairs has frozen approximately $8.3 billion in assets owned by the Russian Central Bank, according to a new report.

Goldman Sachs is paying out approximately $215 million to settle a lawsuit filed in September 2010 accusing them of discrimination against women in the company.

Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.

A new Federal Reserve survey released on Monday shows that a growing number of banks are tightening their lending standards amid higher interest rates.

Nearly a third of customers have said they were concerned about the stability of the banking system, according to a recent survey by J.D. Power. Here’s what you need to know.

TD agreed to buy First Horizon in February 2022 in a deal that would have created the sixth-largest U.S. lender. The banks said they expected to complete the transaction by January.

Klarna and Affirm surged in popularity during the pandemic’s online shopping boom, as buyers used them to finance big purchases such as designer bags and daily expenses.