Republic First seizure signals more bank failures to come, expert warns
The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.
Justice Department to sue Ticketmaster, Live Nation for alleged monopoly over ticketing industry: report
Ticketmaster's parent company, Live Nation, could face an anti-trust lawsuit from the Department of Justice as soon as next month, a report says.
Dimon says AI could have similar impact as the printing press, electricity and internet
JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders that artificial intelligence can be as transformational as the printing press, electricity and the internet.
Senator Warren urges SEC to investigate Tesla over board independence
Senator Elizabeth Warren, D-Mass., sent a letter to the SEC urging the financial regulator to investigate Tesla CEO Elon Musk and conflicts of interest with Tesla's board of directors.
NYCB takes more action as CEO works a new business plan
New York Community Bank's incoming CEO said Thursday he's planning to present a new business plan in late April after NYCB got a $1 billion lifeline from investors.
Embattled bank NYCB lands $1B investment from group including Mnuchin's firm
Troubled regional lender New York Community Bank announced Wednesday that it secured a $1 billion investment from a group that includes former Treasury Secretary Steve Mnuchin's firm.
JPMorgan CEO Dimon cautious about soft landing for economy
JPMorgan Chase CEO Jamie Dimon said he remains cautious about the prospects for the U.S. economy to have a soft landing but that market sentiment is improving.
Fed's Barr says regulators more aggressive with banks, focused on interest rate risk
Federal Reserve vice chair for supervision Michael Barr said the Fed's supervisors are working with banks to manage commercial real estate risk amid the high interest rate environment.
Lyft's earnings report typo sends shares soaring
A typo in Lyft's earnings report sent the ride-sharing platform's stock soaring on Tuesday, and the company's momentum continued Wednesday even after a correction was issued.
Regional bank hit with 3rd credit downgrade as crisis concerns linger
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.
Bank that purchased failed community bank close to credit downgrade
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.
The Fed's Powell will have to play politics to keep his job
The Federal Reserve has always been a political entity. And Fed Chairman Jerome Powell knows if he wants to keep his job he will have to play politics this election year.
Biden's new attack on small business could gut US innovation
Biden’s new move against bipartisan intellectual property rules is designed to hurt small business and curtail innovation that contributed up to $1 trillion to the economy.
Digital asset markets poised to grow in 2024, Goldman Sachs exec says
The head of digital assets for Goldman Sachs says the marketplace is expected to grow next year as businesses become more familiar with the technology's applications.
Biden administration snoops around big banks to assess climate risk plans for investments and loans
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.
Elon Musk must testify in SEC probe of Twitter takeover, according to tentative ruling
A federal judge tentatively ruled Elon Musk will have to testify before SEC investigators about his $44 billion takeover of Twitter and whether his disclosures were misleading.
Banking regulator warns financial firms about AI risks
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.
Wall Street banks warn lawmakers about new regulations
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.
GOP hopeful Vivek Ramaswamy outlines crypto plan
Vivek Ramaswamy, a candidate for the 2024 Republican presidential nomination, provided an outline of his "Three Freedoms of Crypto" framework Thursday.
Goldman Sachs issues memo to 2024 campaigns warning of under-the-radar regulation harming small businesses
FIRST ON FOX: A Goldman Sachs small business initiative is calling on 2024 political candidates to oppose efforts to restrict small business owners' access to capital.