Federal Reserve unveils toned-down banking regulations in victory for Wall Street
A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts…
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its…
3 ways Wall Street’s largest banks are leveraging AI to increase profitability
Big banks are jumping into the AI arms race.
Visa debuts a new product designed to make it safer to pay directly from your bank account
Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit…
Chase Bank says it is aware of viral ‘glitch’ inviting people to commit check fraud
Chase Bank is urging its customers not to commit check fraud. The bank’s plea comes after this weekend a viral…
Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company…
Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Three of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask…
Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the…
UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the…
JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks,…
