Banking

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.

Bonus season may not be as merry as in past years as a new estimate from compensation experts say bonuses could drop as much as 15%.

ECB President Christine Lagarde said central bankers must be "prepared to take the necessary decisions, however difficult, to bring inflation back down.

The bank boosted its key rate by three-quarters of a percentage point Thursday, to 3%, after consumer price inflation returned to a 40-year high in September.

Toomey, a Republican, has requested information from a dozen firms including proxy advisors and ratings agencies on how they come up with scores that rank how various corporations adhere to ESG.

The Consumer Financial Protection Bureau (CFPB) issued guidance last week to stop banks from charging surprise overdraft and bounced check fees.

Credit Suisse Group AG is reducing its workforce by 5% in the fourth quarter and plans to trim its headcount even more by 2025, the company said Thursday.

A record number of American households had bank accounts in 2021, according to a survey released Tuesday by the Federal Deposit Insurance Corporation.

Certain customers of Chase, the consumer and commercial banking arm of JPMorgan Chase, can now get assess to their directly deposited paychecks sooner.

19 states are serving top banks in the U.S. for information regarding their involvement in the United Nations' net-zero ESG policies, saying it is harmful to American businesses.

Here's a look at how political action committees in five industries have been contributing to federal candidates ahead of the midterms, according to OpenSecrets data.

Carlos Hernandez, a veteran at JPMorgan is retiring at the end of Q1 next year. He currently leads the struggling corporate investment banking division.

The second-largest U.S. bank, led by Brian Moynihan, earned 81 cents a share vs. analysts' expectations of 77 cents per share in the third quarter of the year.

Goldman Sachs is planning to restructure its biggest businesses into three divisions, which include combining investment banking and trading businesses into one unit.