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Republican Josh Hawley, the senior senator from Missouri, says he intends to offer legislation that would cap credit card rates at 18%. For a bill designed to go nowhere, it's a surprisingly good idea.

More than half of investment firms for the world's superrich seek opportunistic direct deals based on attractive valuations, Citigroup found in a survey of 268 family offices representing $565 billion in net worth.

The buy now/pay later lender expects those increased expenses — brought on by rising interest rates — to eat into one of its key metrics: revenue less transaction costs.

The securities have been hard to sell in part because the bonds will probably pay below-market coupons for years.

Amex is planning to debut a new luxury lounge at Newark Liberty International Airport, part of the credit-card giant's continued push into travel and entertainment services.

The move comes as independent banks such as Centerview have branched into other areas of advisory like geopolitical and ESG matters.

Franklin Templeton has joined fellow asset manager powerhouses Fidelity and BlackRock in the race to win approval to offer the first U.S. exchange-traded fund that invests directly in bitcoin. 

The proposed rule would make it virtually impossible for lenders to enter into routine hedging transactions.

U.S. lawmakers scrutinizing China said Wall Street executives asked to have their identities withheld when meeting with them so as not to alienate their Chinese investors.

Blackhawk Network now offers Visa gift cards made of paper, while Venmo and Hallmark are putting QR codes in standard greeting cards. Both initiatives address the environmental harms of first-use plastic.