CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze
A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards…
Watch Governor Andrew Bailey speak after the Bank of England’s rate decision
[The stream is slated to start at 7:30 a.m. ET. Please refresh the page if you do not see a…
A rare hostile takeover bid in Europe’s banking sector has shocked markets
Spanish bank BBVA caught markets by surprise on Thursday after it announced a rare hostile takeover bid for domestic rival…
U.S. probe finds widespread sexual misconduct at FDIC
The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an…
Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder…
Berkshire Hathaway’s big mystery stock wager could be revealed soon
Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the…
‘Trader justice’: Ex-SocGen trader fired for risky bets claims he was made a ‘scapegoat’
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him…
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or…
NYCB shares jump 30% after CEO gives two-year plan for ‘clear path to profitability’
New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial…
HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire
HSBC beat market expectations in its first-quarter earnings report Tuesday, and announced the surprise departure of Group Chief Executive Officer…
