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In a letter to Federal Reserve Chair Jerome Powell, Republican members of the Senate Banking Committee urge the central bank to be mindful of tailoring rules in its ongoing "holistic" capital review.

In brief remarks about the Federal Reserve's handling of COVID-19 crises, the governor said the central bank's asset-buying program is taking longer to unwind than its emergency lending facilities.

More than 90% of appraisers are white, and researchers have found that bias leads to lower valuations for homeowners of color. A Flagstar executive said the mortgage-focused bank is "not just going to sit on the sidelines and watch this happen."

Amazon.com is closing eight cashierless Amazon Go locations in Seattle, New York and San Francisco, marking the e-commerce giant's latest round of cost-cutting amid slowing sales growth. 

In it's semiannual monetary policy report to Congress ahead of Federal Reserve chair Jerome Powell's testimony next week, the central bank said it is expecting to continue to raise interest rates to bring inflation within its 2% target.

A new breed of high-octane stock options has traders, analysts and others in the markets concerned.

Flagstar Bank launches its next mortgage-tech accelerator while Walmart and Citi partner on a supplier loan program. These stories and more in banking news this week.

The strategy document identifies potential avenues for cutting cybercriminals off from financing, as well as other actions banks can take.

The job cuts at Citi are driven by an industry wide slow down in deals and a drop in mortgage demand due to rising interest rates.

The measure prohibits government contracts with companies deemed to be "boycotting" the fossil fuel, firearm, timber, mining, and agriculture industries.