Banking

Custodia Bank's application for Federal Reserve System membership was declined, according to officials, due to concerns with cryptocurrency and safety risks.

Goldman Sachs CEO joins Apple’s Tim Cook as latest industry CEO hit with pay cut.

Bed Bath & Beyond has filed with the SEC stating they do not have available resources to pay outstanding debt and will consider a variety of strategic alternatives including further cost reductions and bankruptcy.

The iShares Core MSCI Emerging Markets ETF (IEMG) manages $72.5 billion in assets and has received $4.1 billion in cash inflows year-to-date.

Chase is closing some of its New York City ATM vestibules earlier due to rising crime at the locations, frustrating customers who complained on social media about the limited access.

One goal of the new service is to compete with third-party wallet operators such as PayPal Holdings Inc. and Apple Inc.’s Apple Pay, according to people familiar with the matter.

The Federal Reserve has launched a probe into Goldman Sachs' consumer business known as Marcus, reportedly over concerns that the bank did not have proper safeguards in place.

Nearly half of Americans who are paying checking account fees every month say they are sacrificing their level of preparedness for a recession in doing so, according to a new report.

After a flurry of complaints about missing funds on social media, Bank of America said "there was a delay in posting Zelle transactions" that has now been resolved.

Investors are selling shares of Goldman Sachs after the bank reported a drop in quarterly profits.

Trading has been a surprise bright spot for Morgan Stanley, with the unit's revenue jumping 26% to $3.02 billion in the fourth quarter, as clients look to hedge against market risks.

Fidelity is pledging $250 million as part of an effort to give Black, Latino and historically underserved students access to post-secondary education and support.

Disney is taking off the gloves in its battle with activist Nelson Peltz, who says the media giant needs to restore its magic.

Central-bank digital currencies could lead to big changes in the most basic activity of any banking system: making and distributing money.

The U.S. economy is likely headed for a recession in 2023, according to Bank of America CEO Brian Moynihan, who is preparing for a mild downturn this year.

JPMorgan Chase, Citibank, Wells Fargo, and Bank of America earnings reports on Friday beat expectations

Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.

The New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.

Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.

LendingClub Corporation is slashing its headcount by 14%, the financial services firm announced on Thursday. That will equate to 225 workers losing their jobs.