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.
Banking regulator warns financial firms about AI risks
The Comptroller of the Currency's National Risk Committee flagged the emergence of artificial intelligence as a risk for banks to be aware of as they deploy the emerging technology.
Texas bank overdraws its own accounts after messy tech update
Regulators are probing Comerica after a botched technology upgrade left the Dallas, Texas-based bank’s wealth-management unit short millions of dollars.
Wall Street banks warn lawmakers about new regulations
The CEOs of the eight largest U.S. banks planned to push back on pending banking regulations as burdensome at Tuesday's hearing before the Senate Banking Committee.
Apple Pulls Plug on Goldman Credit-Card Partnership
Apple is ending its credit-card partnership with Goldman Sachs, marking the final blow to the Wall Street bank’s bid to expand into consumer lending.
Paper check fraud is on the rise: What to know
Many Americans still write paper checks for bills, purchases and services. However, bad actors are making a comeback and ripping off customers and U.S. banks.
FDIC cancels planned board meeting after WSJ reports of toxic workplace
The FDIC board called off a scheduled meeting to complete a plan to reimburse a federal deposit insurance fund for billions in losses tied to the collapse of two large banks in March.
WNBA's Napheesa Collier appreciates US Bank's financial literacy program: 'It is so important'
U.S. Bank's partnership with the WNBA isn't just writing a check but rather helping all 144 players with their financial literacy program tailored just for them.
Hackers hit Wall Street arm of Chinese banking giant ICBC
A U.S. subsidiary of China’s ICBC Financial Services was hacked this week, threatening a temporary logjam for some trades in the Treasury bond market.
Goldman Sachs issues memo to 2024 campaigns warning of under-the-radar regulation harming small businesses
FIRST ON FOX: A Goldman Sachs small business initiative is calling on 2024 political candidates to oppose efforts to restrict small business owners' access to capital.
Goldman moves to unload GM credit card
The credit-card program is largely marketed toward people who buy and own General Motors cars. Goldman is also the issuer for the Apple credit card, which is much larger.
Visa launches consulting practice to advise clients on implementing AI
Visa launched its new AI Advisory Practice as a way to add value for clients by offering insights and recommendations on implementing AI to boost business performance.
Customers at major US banks hit with deposit delays
Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue.
JPMorgan's Jamie Dimon warns business-friendly Texas over laws aimed at Wall Street firms
JPMorgan Chase CEO Jamie Dimon warned Texas it risks damaging its business-friendly image with laws aimed at punishing major Wall Street firms.
Homebuyers nationwide feeling the impacts of rising interest rates
Homebuyers nationwide are experiencing rising interest rates while sellers and lenders work through declining mortgage applications as both categories hit levels not seen in decades.
JPMorgan Chase CEO Jamie Dimon to sell company stock for first time
JPMorgan CEO Jamie Dimon plans to sell a portion of his family’s holdings in the bank for the first time, offloading 1 million of the 8.6 million shares, according to an SEC filing.
Citigroup fires employee over 'revolting' antisemitic social media post
Citigroup has terminated the employment of a personal banker who went viral after posting on Instagram, "No wonder why Hitler wanted to get rid of all" the Jews.
Biden called upon by pro-growth groups to withdraw CFPB’s late fees rule
A coalition of pro-growth groups are calling on the Biden administration to withdraw its credit card late fees rule, arguing the regulation will hurt responsible consumers.