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Treasury secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.
By George YacikOctober 30 -
President Xi wants faster research on blockchain, the technology behind digital currencies; low rates bring best home loan quarter in 14 years.
By George YacikOctober 29 -
Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months.
By George YacikOctober 28 -
Banks have been pressured to improve diversity in leadership; Visa reports higher volume while PayPal says Venmo now contributing.
By George YacikOctober 25 -
Facebook CEO says the company won’t purse Libra anywhere if U.S. regulators disapprove; the agency says “guidance” was actually “rules.”
By George YacikOctober 24 -
A federal judge says the agency can’t issue national bank charters to fintechs; Facebook’s CEO will state his case at a House hearing.
By George YacikOctober 23 -
Santander Consumer is planning to attract online deposits via a national platform that could rival Goldman Sachs’s Marcus; HSBC is now in retrenchment mode after aiming for growth.
By George YacikOctober 21 -
The big five banks had divergent results; San Francisco Fed publishes 18 papers on the dangers posed to businesses and communities by climate change.
By George YacikOctober 18 -
The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending.
By George YacikOctober 17 -
Third quarter profits at JPM, Wells Fargo and Citigroup got a boost from consumer banking; the company tells Fed it will remain a passive investor.
By George YacikOctober 16 -
Consumer banking is expected to offset the banks’ underperforming Wall Street units; the defections of Visa, Mastercard and Stripe threaten the cyrpto project’s viability before it starts.
By George YacikOctober 15 -
Large banks will have less onerous capital rules and stress test requirements; the president’s main lender said it has other returns, but not the president’s.
By George YacikOctober 11 -
Facebook CEO to face a skeptical House panel on Oct. 23; bank stocks have given up last month’s gains as investors await earnings season.
By George YacikOctober 10 -
The EU wants to protect the euro and ensure Facebook’s digital currency isn’t used for money laundering; the brokerage is partnering with six banks to offer 2% on account balances.
By George YacikOctober 9 -
The German bank is trying to reverse its reputation for “lousy systems;” the Bakkt platform has failed to attract much trading in its first two weeks.
By George YacikOctober 8 -
The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years."
By George YacikOctober 7 -
The company was the only no-show at the gathering of Facebook’s payments partners; HSBC was fined $650,000 for violating swaps risk management rules.
By George YacikOctober 4 -
Rohan Ramchandani claims in lawsuit Citigroup singled him out to protect itself; three federal agencies now back almost $7 trillion in mortgage debt.
By George YacikOctober 3 -
Facebook calls an emergency meeting about its planned payments network; Well Fargo report says 200,000 jobs will be lost to robots and technology.
By George YacikOctober 2 -
The GSEs will hold onto a combined $45 billion as they start the process of going private; PayPal becomes the first foreign firm to win approval to enter the country’s payments market.
By George YacikOctober 1


















