The Federal Deposit Insurance Corp. approved proposals Tuesday that would define "unsafe or unsound practices" and ban the use of "reputation risk" in supervisory exams.
Target agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in recent years.
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Three months after the instant payment network went live, users and former Fed staffers say the rollout is going as expected. But the key to wider use depends on banks and their customers figuring out what to do with it.
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Brazil's PIX network has sparked a venture-capital boom in an otherwise down economy, including interest from U.S. investors.
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Months after acquiring credit card program management startup Power, Marqeta has introduced a service to embed credit offers within brand marketers' websites and applications.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Even with a long-term shift to passive investing, "managed solutions" packaging exchange-traded funds should also grow rapidly, said Scott Burns, Morningstar's ETF expert.
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When RJ Parsons put stop-loss orders on his 5,000 shares of MannKind Corp., he thought it would protect him from losing a chunk of his investment.
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The Investment Management Consultants Association announced Jan. 27 that the cumulative pass rate for its CIMA qualification exam was 63%, and 58% for the CIMA certification exam.
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Real estate and mortgage industry groups outspent proponents 3-to-1 to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws.
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The presumptive chair of the House Financial Services Committee will likely take the panel in a sharply new direction and have a new bully pulpit to criticize the Trump administration.
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Can farmers — and the banks that lend to them — survive Trump's trade war?
Peapack-Gladstone's wealth unit is pursuing an ambitious de novo expansion in New York and perhaps elsewhere because M&A has become expensive as private equity money has inflated seller expectations.
Scott Bessent, Donald Trump's pick to serve as Treasury Secretary, handled a policy-heavy confirmation hearing with poise, highlighting his preference for relaxed bank regulation, support of the 2017 Trump tax cuts and a hawkish approach to spending.
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An app that strives to be a "one-stop shop" for all money matters is likely to please nobody.
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Merchants and banks have taken predictably opposing positions on a Federal Reserve proposal to increase competition among networks that route online debit transactions. But amid the hundreds of comments, it's those from supposedly neutral parties — the Department of Justice and the Federal Trade Commission — that stand out.
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A Biden administration proposal to give the IRS access to individuals' banking data is a violation of consumer privacy, writes Sen. Mike Crapo.
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Real-time cross-border payments are in demand, but lack interoperability — creating demand for Swift and Ripple to add new tech. Plus, PayPal pledges to add payment technology in the Middle East and Africa, and more international payments and fintech news.
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Houston-based Prosperity will pay $269 million in stock for Southwest Bancshares in San Antonio. The sale comes on the heels of the death of Southwest's founder and chairman.
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The Supreme Court said Wednesday that it would defer President Donald Trump's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.
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Technology is moving quickly and retirement investing is now an individual responsibility, but the core purpose of a Wall Street career is still vital, the veteran banker said in an exit interview.
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The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity.
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Hill, who has been serving as acting chair since January, has steered the agency toward deregulation and away from Biden-era priorities, with strong backing from big banks.
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Federal Reserve Governor Michael Barr warned that subjecting the stress testing models to the notice and comment process could lead them to "ossify."
In a Stanford University study, workers said receiving shoddy content from generative AI models creates almost two hours of extra work per incident.
The 23rd annual ranking of women leaders in the banking industry.
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