Banking

U.S. Virgin Islands Attorney General Denise George filed a lawsuit against JPMorgan Chase for allegedly turning "a blind eye" to Jeffrey Epstein's sex crimes.

Wells Fargo bank analysts are predicting the return of Walt Disney CEO Bob Iger will lead to a spinoff of ESPN and ABC.

All three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.

The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion in compensation for illegally assessing fees and unlawful interest rate charges to its customers

The SAFE Banking Act would let marijuana businesses access banking services and carry out transactions using credit cards, reducing the risk of robberies and theft.

The ex-cryptocurrency executive Sam Bankman-Fried reportedly is to reverse course at a Bahamas court hearing Monday and stop fighting extradition back to the US to face federal charges.

The ECB said it would raise its key rate to 2% from 1.5%, the highest level since 2009. The bank also said it would reduce its multitrillion-dollar bondholdings starting in March

A judge recommends three ex-Wells Fargo executives pay a combined $18.5 million in fines over their alleged roles in the mega-bank's fake accounts scandal.

Dick Durbin's Credit Card Competition Act purports to increase competition in the credit card industry. In reality, it would do the opposite.

A bipartisan group of United States senators led by Chuck Schumer is reportedly working to attach marijuana legislation to “must-pass” bills at the end of the year.

Companies that are thinking outside the box of traditional ways to raise capital include Lordstown Motors, Foxconn, Bright Health Group, and JPMorgan Chase.

Citigroup is in talks to recoup a $500 million loan payment made for Revlon that was made by mistake.

Witnesses told the Senate Banking Committee that only those policies that are explicitly discriminatory should be rooted out to make the financial system fair.

The PMMS 30-year mortgage rate released by Freddie Mac dropped for the third week in a row after reaching a 20-year high this year caused by Fed rate hikes.

Founded by fintech executive-turned-crypto entrepreneur Zac Prince, the company said its bankruptcy stemmed from its substantial exposure to FTX and broader turmoil in crypto markets.

The pandemic supercharged money-transfer services. Zelle recorded some 1.8 billion transactions in 2021 totaling $490 billion, more than double prepandemic levels.

Women who allege they were abused by Jeffrey Epstein filed a lawsuit against two banks they claim benefited financially from his sex trafficking system.

Credit Suisse, racked with issues since it lost billions from the default of Archegos in March 2021, decided to issue stock after $1.6 billion in withdrawals.

Crypto lender Genesis sought $1 billion in emergency loan to fend off a bank run, caused by FTX collapse, before suspending redemptions and loan issuance.

Republicans in the House of Representatives, working through the Oversight Committee, are seeking to obtain extensive banking records of the Biden family.