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…
Warren sounds alarm on T-Mobile, U.S. Cellular deal with Justice Department, FCC
WASHINGTON — A group of Democratic senators are sounding the alarm over T-Mobile’s proposal to acquire most of US Cellular,…
Democrats ask Raimondo to step up enforcement on CHIPS funding
WASHINGTON — A group of Democrats are raising concerns as to whether companies that received federal funding for semiconductors used…
Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’
Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry’s bidding by considering changes…
Trump campaign starts taking cryptocurrency donations, vows to build a ‘crypto army’
The Trump campaign announced Tuesday it will start accepting cryptocurrency donations, casting the move as one of solidarity with opponents…
Powell reinforces position that the Fed is not ready to start cutting interest rates
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but…
Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion…
Here’s why Capital One is buying Discover in the biggest proposed merger of 2024
Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall…
Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators…
Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure
Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing Federal Reserve Chairman Jerome Powell to lower interest rates…
