George Yacik

Stocks in big banks have fallen by double-digit percentages since early March amid "fading hopes" of stimulus; Wells won't be able to manage municipal bond deals in New York for at least a year.

Wells Fargo streamlines Western unit, shifts executives as post-scandal overhaul continues; Goldman Sachs gets grief for "cynical" purchase of Venezuelan bonds at deep discount.

Reliance on asset-based loans protects banks as retail chains flounder; average FICO score hits record 700 while the percentage of those with scores below 600 hits new low.

The price of bitcoin continues to rise in volatile trading; Wells Fargo, still reeling from its phony accounts scandal, is boosting signing bonuses for brokers just as competitors decrease theirs.

House financial services committee head agrees to drop swipe-fee repeal in order to save Financial Choice Act; Federal appeals court appears skeptical about declaring agency's makeup unconstitutional.

Blockchain platform's capital raising is its biggest to date; mutual fund giant now accepts digital currency in its cafeteria as CEO Abigail Johnson embraces it.

Bank agrees to pay $97 million as DOJ drops criminal charges involving money laundering at Citi uni; digital currency price roars past $2,200 as Japanese catch the bitcoin bug.

James Donovan cites family matters for withdrawing his name from being named Deputy Treasury Secretary; strong earnings from the Big Five may ease concerns about Canada's overheated housing market and consumer debt.

The Treasury secretary says the Trump administration doesn't support separating commercial from investment banking; wealthy neighborhoods are designated as low-income, benefitting banks with branches there.

Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand.

Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump.

Updates on fintech in Brazil, China and Britain; Brian Duperreault promises to grow the insurance giant, not break it up.

The value of digital currencies soared past $50 billion, raising concerns of a bubble; B of A plans to introduce AI-powered digital assistant this year.

The bank said it plans to cut $2 billion more from expenses over the next two years; Senate Banking Dems have questions about the choice of acting comptroller.

Despite some investor criticism, CEO retains support of chairman John McFarlane; consumer protection agency looks to extend regulatory reach.

Appeals court throws out earlier ruling that federal bailout of giant insurer was illegal; Barclays chief likely to face angry shareholders at annual meeting.

Investment bank promotes several executives; banks ask Mnuchin to help roll back rule that would make them recognize loan losses earlier.

Wells is expected to announce $3 billion more in additional spending reductions; B of A pays half the interest of other banks, but still rakes in deposits.

Bill that would roll back much of Dodd-Frank now goes to the full House; suit says bank employees trailed undocumented Latinos to get them to open accounts.

Cutbacks coincide with drop in car sales; capital markets expected to lose 200,000 jobs net to artificial intelligence.