A bid by the hedge fund Paulson & Co. to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm's debt is a "fishing expedition" meant to "intimidate," according to debtholders such as Bank of America Corp., Citigroup Inc. and the German central bank.

Morgan Stanley, owner of the world's largest brokerage, could shut down its trading businesses and the company would be worth 28% more than Thursday's share price, according to Brad Hintz, an analyst at Sanford C. Bernstein & Co.

Charles Schwab Corp. customers with Android smartphones can now deposit checks into their bank and brokerage accounts.

Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.

Ousted CEO Alan Kaufman pleaded not guilty after being charged with accepting favors from a businessman in exchange for favorable treatment by the credit union.

A recent investigation found that institutions taken over by the National Credit Union Administration “are often the least willing to work with borrowers struggling to afford their loans.”

After months of forecasting and bracing for a recession in 2023, the economy seems increasingly durable. But it depends on what you're looking for.

More than half of all cross-border payment fees are concealed in exchange rate markups that few consumers understand.

Most borrowers cannot understand the information that TILA requires lenders to provide, raising questions about their utility in consumer protection.