Capital One to acquire Discover Financial
Capital One is planning to buy Discover Financial Services that would bring the two large credit card issuers and lenders together, the company announced Monday.
Commercial real estate trouble could trigger systemic credit crash, fund managers say
A Bank of America survey of fund managers found that a growing percentage are worried commercial real estate woes could cause a credit crisis in the U.S.
Fed's Barr says regulators more aggressive with banks, focused on interest rate risk
Federal Reserve vice chair for supervision Michael Barr said the Fed's supervisors are working with banks to manage commercial real estate risk amid the high interest rate environment.
JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning move
JPMorgan Chase, BlackRock and State Street confirmed they are exiting the world's largest climate alliance which seeks to push investors away from funding the fossil fuel sector.
Real estate pain for US regional banks is piling up, investors warn
New York Community Bank's commercial real estate exposure has raised concerns among investors after the regional bank was hit with downgrades of its credit ratings in recent weeks.
Regional bank hit with 3rd credit downgrade as crisis concerns linger
New York Community Bank was hit with its third credit downgrade in a week amid investors' concerns about its exposure to the struggling commercial real estate market.
With check fraud on the rise, new AI-powered platform helps banks fight back
With check fraud on the rise, banks are scrambling to find ways to prevent mounting losses from the crime. Now, a financial crime prevention firm is fighting back using AI.
Bank that purchased failed community bank close to credit downgrade
New York Community Bank's stock continued to slide Thursday after a downgrade threat from Moody's in the wake of a surprise earnings miss and as NYCB moves to bolster its balance sheet.
Dozen state GOP agriculture commissioners launch probe of US banks over ESG investing: 'It must be stopped'
FIRST ON FOX: A dozen state departments of agriculture are pressuring six of the nation's top banks to reveal information about their net-zero ambitions.
Manhattan DA Alvin Bragg calls for cash apps to crack down on fraudsters
Manhattan District Attorney Alvin Bragg calls for leading digital payment apps, including Venmo, Zelle and Cash App, to strengthen user's security safeguards amid an uptick in crime.
Full effect of Fed rate hikes have not been seen, Bank of America CEO warns
Bank of America CEO Brian Moynihan details the impact of the Fed's handling of inflation on Americans and why it's important for the central bank not to 'overshoot'
Biden unveils new proposal to slash bank overdraft fees
The Biden administration proposed a new rule that would limit overdraft fees charged by banks to as little as $3, saving households $3.5 billion annually.
Ukraine’s Zelenskyy meets with JPMorgan’s Dimon in Davos in another pitch for economic aid
JPMorgan Chase CEO Jamie Dimon hosted a meeting with Volodymyr Zelenskyy on Tuesday afternoon in Davos, Switzerland, as both attended the World Economic Forum.
Jamie Dimon weighs in on AI, says only ‘God knows’ what the tech will do for humanity
Banking industry leader Jamie Dimon reveals his most pressing concerns regarding artificial intelligence and its predicted impact on the banking sector.
Biden announces plan to bail out students for loan debts under $12K
Student borrowers enrolled in the Saving on Valuable Education (SAVE) plan will have their remaining debts canceled next month as part of a plan announced by President Biden on Friday.
JPMorgan profit shrinks as it sets aside $3B for deposit insurance fund
The largest U.S. lender has benefited from its acquisition of failed First Republic Bank in May that brought in billions of dollars of loans and bolstered its net interest income.
Bank of America profit falls on $3.7B in charges
The U.S. lender posted net income of $3.1 billion, or 35 cents a share, for the three months ended Dec. 31. That compares with $7.1 billion, or 85 cents a share, a year earlier.
US economy starting to look 'more like the 1970s,' JPMorgan Chase's Jamie Dimon says
JPMorgan Chase CEO Jamie Dimon expresses concerns over whether Americans are ready for a 70s stagflation state with high inflation and zero economic growth.
Krispy Kreme, Morgan Stanley and Sherwin-Williams welcome new CEOs in 2024
New Year's Day marks the official start date for several CEOs of prominent companies to begin their new role, including Krispy Kreme, Morgan Stanley and Sherwin-Williams.
Biden administration snoops around big banks to assess climate risk plans for investments and loans
The Biden administration has conducted a "discovery review" of more than two dozen large banks with assets totalling over $100 billion to determine their plans to manage climate risk.