The Bureau of Labor Statistics released its latest Consumer Price Index reading Friday morning, showing inflation rose by 0.3% in September, slightly below August's pace. The report also found core inflation steady at 3.0%, even as shelter costs eased and gasoline prices spiked.
Raj Date, the consumer bureau's former deputy director, said Thursday regulators need to be flexible, responsive and use discretion when it comes to dealing with financial technology startups.
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PayPal, which employed around 29,900 workers at the end of 2022, announced a similar round of cuts last January.
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The institution is investing more in analytics as it faces pressure from rival banks and fintechs using automation to attract cost-conscious treasurers.
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Banks need to reckon with the explosive rise of legal online wagering and the addicts left in its wake.
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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Morgan Stanley's James Gorman received a $14 million compensation package for his first year as chief executive, less than the $15 million he was awarded for 2009, as the company missed profit goals.
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Certified financial planners are uniquely qualified to help Americans keep their finances in good stead, the CFP Board of Standards said. The group has just rolled out a glossy $36 million advertising campaign to make them aware of that.
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Charles Schwab Corp. announced Friday its net income and revenue soared in the first quarter, as the economy improved and investors moved off the sidelines.
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The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.
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The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.
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Some institutions have benefited from revitalization in the Motor City but just as consumers fled for the suburbs decades ago, most CUs in the area are headquartered outside the city itself.
Investors homed in on the benefits of positive economic data for lenders, rather than the possibility of a strong job market delaying interest rate cuts that would help to lower deposit costs and boost credit demand.
Federal agencies have a little more than two weeks to devise plans for achieving significant staff reductions and cost savings.
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How many more decisions will CFPB Director Rohit Chopra make without appropriate stakeholder input?
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A heads-down approach is no longer viable, but that doesn't mean executives need to address everything. Clear guidelines help leaders to decide when to speak up.
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In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.
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Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
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Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
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Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
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Community banks and state banking groups are seeking structural reforms rather than a simple coverage increase.
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The payments division of the country's largest bank posted $4.9 billion in revenue in the third quarter as transaction volumes in merchant services outpaced volume in 2024.
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SEO Steve Squeri told analysts its platinum card upgrade has gotten off to a strong start, and added he's not noticing signs of consumer weakness due to recent political battles.
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As Coinbase joins a wave of crypto companies seeking national trust charters from the Office of the Comptroller of the Currency, traditional banks are warning regulators not to rush approvals for crypto firms eager to enter the federal banking system.
A new survey finds that fraud losses have jumped significantly in the last year, with digital channels and check fraud posing the biggest threats.
The 23rd annual ranking of women leaders in the banking industry.
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