HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An…
The rule capping credit card late fees at $8 is on hold — here’s what it means for you
The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule…
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…
