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Both loan demand and credit availability have contracted sharply, according to senior executives at several of the nation's largest banks. Their comments came against the specter of a potential recession.

For banks already dealing with higher funding costs, renewed competition from government-backed securities could bring more pain.

Citi research strategists say crypto markets were not immune to fears of the U.S. defaulting on its debt.

Javice has asked a Delaware federal judge overseeing JPMorgan's fraud lawsuit against her to allow her to demand documents from the bank and firms that advised it on the $175 million acquisition of her college loan planning site.

The state's law does not cap rates at the level preferred by consumer advocates, but it does limit the availability of payday loans that carry annual percentage rates between 36% and 50%.

Citigroup CEO Jane Fraser says the company's abrupt decision to abandon a long-running sales process of its Mexican retail operations won't change its medium-term guidance nor the eventual plan to exit the unit and allows stock buybacks to resume.

C.S. Venkatakrishnan told his investment bankers that he would continue to invest in the unit, as the lender looks to stem a slew of recent departures in New York.

Old National relocates Louisville office following mass shooting in April, American Express brings back $1 million in grants for historic eateries, Adyen speeds payouts for gig workers and more in this week's banking news roundup.

In a vote of confidence in the industry, insiders aggressively bought shares of their own companies after a crisis sparked the collapse of four regional lenders earlier this year.

Republicans on the House Financial Services Committee and the House Agriculture Committee released a discussion draft of a bill that could classify many cryptocurrencies as commodities rather than securities.