Finance

After talks with well-connected lawyers for Barclays and the Royal Bank of Scotland, senior Justice Department officials in Washington last year overruled career prosecutors who had been investigating wrongdoing that cost investors billions.

The pilot program will give out grants up to $25,000 so smaller low-income minority depository institutions can set up mentoring programs with larger credit unions.

The FBI is looking into whether Italy’s largest bank was also hacked; about 4.5 million people have already inquired about getting a cash settlement with the credit bureau.

Earnings at the U.S. unit of the Spanish banking giant Banco Bilbao Vizcaya Argentaria fell 13% from a year earlier.

The Apple Card drew a lot of attention when it was announced in March, and it's finally time to see if that buzz translates to adoption.

Two weeks after lawmakers grilled a Facebook exec over its crypto plans, they acknowledged there are benefits from digital currency technology and urged U.S. companies to take the lead.

Brexit seems more likely than ever, as the U.K.'s new prime minister, Boris Johnson, has committed to meeting the October 31 deadline for a deal to leave the EU. But despite the lingering uncertainty over how that will happen, Mastercard is not abandoning its bullish stance on Europe.

The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.

The approach could work as long as the Fed were to add certain thresholds.

Credit quality is being second-guessed after several banks reported higher 2Q charge-offs.