Banking

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.

Credit Suisse said late Sunday that Antonio Horta-Osório had resigned following an investigation commissioned by the board that examined his conduct, including travel that breached COVID-19-related government rules and his personal use of corporate aircraft.

Credit Suisse Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the bank said on Monday, raising questions over the embattled lender's new strategy as it tries to recover from a string of scandals.

JPMorgan Chase’s fourth-quarter profit fell 14%, the bank said Friday, but the bank set a record for annual profit.

Citigroup plans to meet a Friday vaccination deadline, despite the Supreme Court ruling blocking the Biden administration's enforcement of a COVID-19 mandate for businesses with 100 or more employees.

Bank of America is joining JPMorgan and Capital One in cutting overdraft fees.

Mexico ended 2021 with an annualized inflation rate of 7.36%, the highest in 20 years, the national statistics institute said Friday.

Citigroup announced the requirement back in October but did not initially announce a deadline.

Banking app "Dave," backed by Mark Cuban, began trading on the Nasdaq on Thursday

New York City Mayor Eric Adams scolded big banks for sending their Big Apple-based employees back to remote work amid the spread of the highly contagious omicron variant, asserting that the financial powerhouses "can't run New York City from home."

JPMorgan Chase & Co has offered its staff the option of working from home for the first two weeks of 2022, with a caveat that all employees are expected to return to office no later than Feb. 1, according to a memo seen by Reuters.

Jimmy Cayne, the bridge-playing chief executive who led Bear Stearns until it nearly collapsed in 2008, died Tuesday.

Portland City Commissioner Jo Ann Hardesty defended herself as an "excellent steward of public dollars" amid concerns over her personal credit card debt after Bank of America sued her last month.

At a time when retailers are leaving California and closing down businesses due to the "smash-and-grab" surge, JP Morgan Chase is doing the opposite. The proof lies within their newest flagship location in downtown Los Angeles. The nation's biggest bank teamed up with power agent Rich Paul for its latest ribbon cutting.