JPMorgan Chase is filing lawsuits against customers who exploited a viral technical glitch this summer that allowed people to pull huge amounts from Chase ATMs.
Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so, Attorney General Merrick Garland said.
Bank of America will pay hourly workers at least $24 per hour — a big jump from early 2019, when it paid $15 per hour. It has launched a series of pay raises as the industry struggles to fill bank teller jobs.
The temporary injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies. The plan was set to go into effect next week.
Truong My Lan, the 67-year-old chairwoman of the real estate company Van Thinh Phat, was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country's 2022 GDP.
Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.
Regulators need to decide how to recover the cost of rescuing Silicon Valley Bank and Signature Bank — and community banks across the country are warning they should not be on the hook.
Weeks after the collapse of Silicon Valley Bank, lenders are getting stingier about making loans. That makes it harder for businesses trying to grow and – and it raises the risk of recession.
Saule Omarova has withdrawn her nomination to head the Office of the Comptroller of the Currency after an ugly, and at times, incredibly personal, fight to be confirmed.
An ugly battle is being waged over Saule Omarova, President Biden's nominee to oversee most of the money held by banks. Her confirmation hearing is on Thursday.
Big banks are facing a new reality in Washington: Democrats control all levers of power and they are not shy about their intentions to ratchet up pressure on the sector.
Burnout in investment banking has been a problem, but the pandemic has made it worse. A handful of firms are responding by offering extra perks and more pay. But more money may not be the answer.
The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it's raking in money on trades.
The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.
