Banking

Wall Street executive Ray McGuire announced his run for New York City mayor on Wednesday with a video narrated by film director Spike Lee.

The bank's senior management aim to present the plan to the board in the coming weeks.

European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news about vaccine development.

Like droves of businesses around the nation, some of the country's largest banks are bracing for the possibility of protests or riots that may occur following the presidential election.

The former chief executive of Uber Technologies Inc. has been quietly assembling a mini real-estate empire over the past two years, acquiring closed restaurants, auto-body shops and warehouses for use in his new ghost kitchen venture.

The FDIC noted that the decline by nearly half in unbanked households between 2017 and 2019 was associated with improvements in household's socioeconomic circumstances, including higher annual income, lower monthly income volatility, low unemployment and higher rates of home ownership status and educational attainment that came as a result of a strong economy. 

Discover Financial Services Chief Executive Officer Roger Hochschild sounded the alarm about the growing loss of white collar jobs.

NYC Mayoral hopeful Ray McGuire, global head of Citibank’s corporate and investment banking, would inherit a ravaged city left by Bill de Blasio.

Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division, as the pandemic continues to make it tough for millions of Americans and businesses to pay their bills.

The prospect of a Democratic sweep in next month’s elections is helping to push U.S. government-bond yields higher, stirring memories of four years ago when yields climbed sharply after a Republican victory.

Only about $2 billion worth of loans have been issued so far through the $600 billion program, many of them by City National Bank of Florida.

Goldman Sachs will introduce coronavirus testing and tracing for its downtown Manhattan headquarters as it moves to get staff back in the office after months of pandemic disruption.

America's biggest financial institutions are backing Democratic nominee Joe Biden, banking on a "blue wave" that will create jobs and boost the economy.

Morgan Stanley has agreed to acquire investor management firm Eaton Vance in a deal worth about $7 billion.

JPMorgan Chase made headlines when it called some trading staff back to the office.

JPMorgan Chase & Co., Wells Fargo, and Stifel, Nicolaus & Co. are being sued for allegedly aiding and abetting actions that led to the toxic contamination of the water supply of Flint, Michigan, according to a report.

SINGAPORE - Some of the world’s biggest banks in commodity trade financing are creating a digital trade finance registry in Singapore to try and mitigate the risk of trade fraud and boost transparency after losing billions of dollars due to a spate of defaults.

As a result of Britain's exit from the European Union (EU), JPMorgan Chase & Co. is moving around 200 billion euros of assets -- or around $230 billion -- from the United Kingdom (UK) to Germany.

Democratic presidential candidate Joe Biden's plan to hike taxes on corporations could cost the nation's biggest banks billions each year. 

Deutsche Bank set an office return date of July 2021 for its U.S. employees on Wednesday as banks struggle with whether to bring workers back to Manhattan.