The Latest

Four companies — Regions Financial, MUFG Americas Holdings and the U.S. arms of the Royal Bank of Canada, BMO Financial— felt they had something to prove to the Federal Reserve after being assigned higher capital buffers than most of their peers last year. Will their decisions pay off for shareholders?

The Federal Reserve found that under its harshest stress-test scenario, bank capital ratios would decline to 10.6% on average — well above the 4.5% minimum requirement. Restrictions imposed on dividend payments and share repurchases during the economic crisis last year will be lifted after June 30.

Changing the retailer's prepaid card into a demand deposit account gives customers access to more digital banking tools.

The White House is working with state and local governments to distribute $46 billion in rental assistance and other programs over the next 30 days, aiming to prevent a flood of evictions when the federal eviction moratorium ends on July 31, administration officials said.

The House voted on Thursday to dismantle a Trump-era rule that sought to make it easier for national banks to make and sell loans through fintech partnerships.

The nation’s largest bank is ordering workers to fill out a questionnaire on their vaccination status by the end of this month, CEO Jamie Dimon and other members of the operating committee wrote in a memo to staff Wednesday.

U.S. regulators blocked the card network's attempt to buy Plaid last year for antitrust reasons. Its bid to acquire Tink, a similar company based in Sweden, may have a better shot given European officials' desire to promote open banking.

The leaders of the largest credit union trade groups are back on the road visiting members, and the organizations are also planning live conferences this year.

Six major international banks have committed to preparations for and testing of Swift's new transaction management platform, a process designed to enable new services, improve efficiency and reduce costs for international payments.

Stephen Calk, a Chicago banker, pushed through $16 million in sketchy loans to Donald Trump's onetime campaign manager because he "wanted a powerful government title," Assistant U.S. Attorney Alexandra Rothman said in her opening statement in Calk's criminal bribery trial.