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"I think it's going to get worse for banks — more regulations, more rules and more requirements,'' JPMorgan Chase CEO Jamie Dimon said in a Bloomberg Television interview from Paris on Thursday.
May 11
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The warning from the state's chief financial officer comes after a new law was passed banning banks from holding public funds if they use social and political factors in lending decisions.
May 11
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Democrats and Republicans each said the other party's position on ESG investing carries additional costs for states.
May 11
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Card balances fell by 1.5% in the first quarter from the previous three months, according to data released by TransUnion. Balances remain near a record high and are up 19% from a year earlier.
May 11
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The California bank says the drop occurred last week after a news report that the lender was in talks with potential investors.
May 11
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Lenders used the firm's software in nearly a quarter of originations in the second half of last year, up from 14% over the same period in 2021.
May 10
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The North Carolina company, which acquired the remains of Silicon Valley Bank in late March, is now taking steps to shore up its deposit base. Those efforts, which follow outflows tied to Silicon Valley Bank customers, include paying higher rates at its nationwide online bank.
May 10
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The House Financial Services Committee's Subcommittee on Financial Institutions and Monetary Policy released a number of discussion drafts that would increase transparency requirements at the Federal Deposit Insurance Corp. and the Federal Reserve.
May 10
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The credit card company believes that its Prism subsidiary will better serve other financial services companies as an independent firm.
May 10
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The move cancels the fee Fannie Mae and Freddie Mac would have imposed on certain loans for which the borrower's total debt exceeded 40%.
May 10
