The Latest

A former Deutsche Bank trader cleared of charges that he rigged the Libor benchmark rate is suing for malicious prosecution, becoming the second employee cleared in court to pursue the bank for damages.

Bank of America named 360 managing directors, with more than half of the promotions awarded to women or people of color, according to people with knowledge of the matter.

The collapsed crypto exchange FTX owes money to a dizzying assortment of firms including Goldman Sachs Group and JPMorgan Chase, according to bankruptcy court documents.

On Tuesdays, this band of seven Republican senators, which includes some of the chamber's leading obstructionists, meets to plot ways to extract austere spending concessions from Democrats in exchange for their help in averting a catastrophic U.S. payments default.

Market professionals and day traders are rattled and waiting for the exchange to elaborate on what it publicly called a "manual error" involving its "disaster recovery configuration."

Morgan Stanley fined some of its own bankers more than $1 million each for conducting business on WhatsApp and other messaging platforms, the latest fallout from an industrywide probe that saw U.S. regulators impose the record penalties for monitoring lapses.

Almost a fifth of U.S. banks are offering savings rates of 2% or more, a huge spike from a year ago, according to new data. Banks are paying more out of fear their customers will flee to competitors offering higher rates.

Interest rates, liquidity and credit are among the National Credit Union Administration's top concerns.

Ultraconservatives in the House have dominated the public discussion on the U.S. debt ceiling, but Speaker Kevin McCarthy can't afford to ignore GOP centrists if the country is to avoid a catastrophic payments default later this year.

With the $7.5 billion acquisition, the Minneapolis bank bolstered its customer base in the nation's most populous state by more than 1 million. Earnings accretion from the combination could offset slower loan growth this year.