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Directors at two of the Federal Reserve's 12 regional branches favored a 100-basis-point increase in the discount rate in July, minutes of discount-rate meetings show.

A growing number of challenger banks and fintechs are trying to help customers live more sustainable lives through carbon calculators with localized data.

Banks have been barred from trading on their own account for almost a decade because Congress wanted to quash any potential conflict of interest. They should hold themselves to the same standard.

President Biden plans to make his long-awaited announcement on student debt relief Wednesday, according to people familiar with the timing.

Neal Holland, who has been serving as MUFG Union Bank's chief financial officer, will assume the same role at First Republic. It is the latest in a series of recent changes in the San Francisco bank's leadership ranks.

Forgiving student loan debt will cost between $300 billion and $980 billion over 10 years, according to a new analysis, with the majority of relief going toward borrowers in the top 60% of earners. 

Rising costs have motivated more hourly workers to enroll in programs that give them a portion of their earnings ahead of their normal pay cycle.

The deal has received regulatory approval but is awaiting a vote by East Allen members, the organizations said.

Credit Suisse Group is shifting resources in the pursuit of business from a broader range of rich clients, as the lender focuses more on wealth management amid cuts to its troubled investment bank. 

Goldman Sachs Group faces a June 5 trial in a long-simmering gender-bias class action alleging the bank discriminated against thousands of women in pay and promotion.