Banking

U.S. financial institutions are largely prepared to handle a new round of Russia-related sanctions in the wake of the invasion of Ukraine, given the steady ratcheting up of pressure against Russia over the past eight years and recent warnings of such measures from the Biden administration, according to experts with knowledge of the U.S. banking sector.

Britain's biggest domestic lender Lloyds said on Thursday it was on "heightened alert" for cyberattacks from Russia as the crisis in Ukraine has worsened.

Russia’s central bank said Thursday that it ordered brokers to stop allowing traders to place bets against Russian shares, a practice known as short-selling.

Bank of America CEO Brian Moynihan argued geopolitical events and supply chain issues are creating "additional uncertainty," but notes that overall the U.S. economy is strong based on consumer spending, low unemployment and wage growth.

Visa Inc. cards will be accepted at all Amazon.com Inc AMZN.O stores and sites as part of a global agreement, the companies said on Thursday.

Toronto-Dominion Bank froze two personal bank accounts to support ‘Freedom Convoy' protesters in Canada who are pushing back against vaccine mandates and other COVID-19 procedures.

Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped billions off its market value and piled pressure on management.

President Biden had to decide between competing demands for the titanic sum of frozen assets the U.S. government sat on.

One bank stood above the rest in customer satisfaction for the second year in a row, according to J.D. Power.

The Amex Rewards Checking account offers wide range of benefits, including an annual percentage yield rate of 0.5% and no maintenance or minimum balance fees.

University Credit Union announced it is eliminating overdraft fees as the CFPB weighs the effects of such fees on consumers.

The banks largely worry about shocks to the market that would result from Russia cutting oil and gas exports in reaction to sanctions, which would impact the global market.

Sen. Pat Toomey, the ranking member of the Senate Banking Committee, warned Thursday that two Biden nominees for financial regulator jobs could abuse the Fed's power.

Goldman Sachs Chief Executive David Solomon has been clear that he thinks working from home is an aberration. But the bank he runs has quietly allowed people to continue to telecommute, On the Money has learned.

The CFPB has been investigating "abusive overdraft fees," but five trade organizations warn that eliminating them could harm consumers.

Lisa Cook, President Biden's latest nominee for governor of the Federal Reserve, said repeatedly in recent years that she supports reparations.

Just a couple of months after blocking Saule Omarova's nomination to be the comptroller of the currency, Banking Committee Republicans have their next target in Sarah Bloom Raskin.

Goldman Sachs and JPMorgan Chase, Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking.

Amid increased scrutiny from the CFPB towards banks' overdraft fees, Bank of America announced it is reducing these consumer charges.

As Buy Now, Pay Later options grow more popular, international BNPL provider APEXX Global announces its launch in the United States.