Banking

JPMorgan Chase & Co.’s third-quarter profit rose 24%, the bank said Wednesday.

Treasury Secretary Janet Yellen continues to defend the Biden administration's proposed requirement for banks to report every transaction of $600 or more to the IRS, saying, "There's a lot of tax fraud and cheating that's going on."

The Sussexes will be "impact partners" and investors at Ethic which focuses on investing in the environmental, social, and governance space.

The Philadelphia Federal Reserve is promoting critical race theory materials on its website.

Sen. Pat Toomey is asking President Biden's nominee to lead the Office of the Comptroller of the Currency to hand over her thesis on Karl Marx.

Banks rushed to work with the Apple Pay mobile wallet when it debuted in 2014. They have some regrets.

A startup trading platform is seeking approval from the Securities and Exchange Commission to launch the first U.S. stock exchange that would operate around the clock, including on weekends and holidays.

California Gov. Gavin Newsom has signed a bill into law that explores fee-free banking provided by the state.

JPMorgan boss Jamie Dimon defended his $31.5 million salary as the result of the country’s "free market" during an interview about the bank’s multibillion-dollar pledge to combat racial inequality.

Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company as it scrambles to raise funds.

A top Wall Street banker is being accused of bizarre double-dealing at a California tech firm where he serves as a board member.

Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said.

The World Bank canceled a prominent report rating the business environment of the world’s countries after an investigation concluded that senior bank management pressured staff to alter data affecting the ranking of China and other nations.

Fidelity Investments is lobbying the U.S. Securities and Exchange Commission (SEC) to approve the financial service company's Bitcoin exchange-traded fund (ETF).

After a record-breaking bull run for the U.S. stock market this year, many Wall Street analysts are starting to warn that investors could be in for a bumpy ride in the coming weeks and months.

Bank of America chairman and CEO Brian Moynihan said the changes "position the company with highly energized leaders who are committed to driving Responsible Growth through its second decade – delivering for our clients, communities and shareholders, and addressing major societal issues."

A top U.S. banking regulator fined Wells Fargo (WFC.N) $250 million and placed new restrictions on the bank's business after finding shortcomings in its earlier efforts to pay back customers it had previously harmed.

An increase in business activity and consumer spending pushes ECB to pause on emergency pandemic support.

Robert Kaplan, President of the Federal Reserve Bank of Dallas made multi-million-dollar plus stock trades in 2020, according to a financial disclosure provided by his bank. Other regional Fed leaders reported smaller financial holdings and transactions.

State Street's deal to buy BBH's investor services business includes accounting, fund administration, global markets, and technology services operations.