Banking

New York Community Bank was hit with its third credit downgrade in a week amid investors' concerns about its exposure to the struggling commercial real estate market.

With check fraud on the rise, banks are scrambling to find ways to prevent mounting losses from the crime. Now, a financial crime prevention firm is fighting back using AI.

New York Community Bank's stock continued to slide Thursday after a downgrade threat from Moody's in the wake of a surprise earnings miss and as NYCB moves to bolster its balance sheet.

FIRST ON FOX: A dozen state departments of agriculture are pressuring six of the nation's top banks to reveal information about their net-zero ambitions.

Manhattan District Attorney Alvin Bragg calls for leading digital payment apps, including Venmo, Zelle and Cash App, to strengthen user's security safeguards amid an uptick in crime.

Bank of America CEO Brian Moynihan details the impact of the Fed's handling of inflation on Americans and why it's important for the central bank not to 'overshoot'

The Biden administration proposed a new rule that would limit overdraft fees charged by banks to as little as $3, saving households $3.5 billion annually.

JPMorgan Chase CEO Jamie Dimon hosted a meeting with Volodymyr Zelenskyy on Tuesday afternoon in Davos, Switzerland, as both attended the World Economic Forum.

Banking industry leader Jamie Dimon reveals his most pressing concerns regarding artificial intelligence and its predicted impact on the banking sector.

Student borrowers enrolled in the Saving on Valuable Education (SAVE) plan will have their remaining debts canceled next month as part of a plan announced by President Biden on Friday.

The largest U.S. lender has benefited from its acquisition of failed First Republic Bank in May that brought in billions of dollars of loans and bolstered its net interest income.

The U.S. lender posted net income of $3.1 billion, or 35 cents a share, for the three months ended Dec. 31. That compares with $7.1 billion, or 85 cents a share, a year earlier.

JPMorgan Chase CEO Jamie Dimon expresses concerns over whether Americans are ready for a 70s stagflation state with high inflation and zero economic growth.

New Year's Day marks the official start date for several CEOs of prominent companies to begin their new role, including Krispy Kreme, Morgan Stanley and Sherwin-Williams.

The Biden administration has conducted a "discovery review" of more than two dozen large banks with assets totalling over $100 billion to determine their plans to manage climate risk.

The Comptroller of the Currency's National Risk Committee flagged the emergence of artificial intelligence as a risk for banks to be aware of as they deploy the emerging technology.

Regulators are probing Comerica after a botched technology upgrade left the Dallas, Texas-based bank’s wealth-management unit short millions of dollars.

The CEOs of the eight largest U.S. banks planned to push back on pending banking regulations as burdensome at Tuesday's hearing before the Senate Banking Committee.

Apple is ending its credit-card partnership with Goldman Sachs, marking the final blow to the Wall Street bank’s bid to expand into consumer lending. 

Many Americans still write paper checks for bills, purchases and services. However, bad actors are making a comeback and ripping off customers and U.S. banks.