Banking

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.

The Fed’s Jackson Hole meeting may be virtual this year but it is still one of the hotly anticipated wonk fests of the year.

Goldman Sachs, Credit Suisse, and Morgan Stanley are making adjustments to their return-to-the-office plans amid growing concerns about the spread of the delta variant.

The founder of OnlyFans blames big banks like JPMorgan Chase for forcing him to ban sexually explicit content — and says the company will “absolutely” bring back porn if Wall Street becomes more accepting.

As Wall Street scrambles to find safe ways to return its bankers to the office as the Delta variant surges, some financiers have found a scapegoat for the mess: the unvaccinated.

Two major U.S. money-transfer services have suspended payments into Afghanistan, and American banks are more closely scrutinizing transactions with Afghan counterparts, as they await clarity on whether U.S. sanctions on the Taliban apply across the nation now that the Islamist group is in control.

Charles Schwab employees are getting a pay bump as the firm’s core new assets reached a record $257 billion.

Former President Donald Trump slammed JPMorgan Chase CEO Jamie Dimon for his stance on doing business in China, arguing that he is “no patriot.”

Big Wall Street banks have started enforcing stricter mask and vaccine requirements for staff, sometimes communicating them behind the scenes, in an effort to combat coronavirus infections in their offices while avoiding a fierce national debate about individual rights, sources at the banks and consultants who work with them told Reuters.

The president of the Federal Reserve Bank of Boston added his voice Monday to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary aid for an economy that is strongly recovering from the pandemic recession.

JPMorgan CEO Jamie Dimon addressed a recent clash with Sen. Elizabeth Warren, D-Mass., over his bank’s overdraft fees and noted that it will "make a bunch of changes," if it is appropriate.

North Dakota Gov. Doug Burgum on the state’s first JPMorgan Chase branch and growing economy.

Deutsche Bank AG’s asset management arm, DWS Group, DWS -0.30% tells investors that environmental, social and governance concerns are at the heart of everything it does and that its ESG standards are above the industry average.

UBS Group AG posted better-than-expected second-quarter earnings from strong client activity in the world’s buoyant markets.

Australian buy-now-pay-later firm Afterpay Ltd said on Tuesday it will launch a new banking application in October to attract young customers and shore up its core "buy now pay later" user base and transactions.

Morgan Stanley said Thursday that second-quarter profits rose 10% from a year earlier, thanks to a boost in fees from deal making and advising wealthy clients.

Alex Sanchez reacts to politicians in Washington blaming banks for economic consequences of overdraft fees.