Finance

In another rollback of the bank trading ban, the federal agencies unveiled a plan to allow financial institutions to invest in multiple companies through certain fund structures.

The bank raised its return-on-equity goals, based mostly on cost cuts and its core trading business; the Fed did raise the rate it pays on bank reserves.

The Los Angeles company set aside more money to cover a problem loan after an updated appraisal of the credit's collateral.

Loans made for Fiat Chrysler represented the largest chunk of Santander Consumer's lending in the fourth quarter, and Mahesh Aditya said their relationship is his top priority.

While touting iPhone 11 as a big hit with consumers because of its various features and high-quality camera, Apple CEO Tim Cook also pointed to Apple Card as a reason the company's newest smartphone sold so well during the holidays.

The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation garnered no Republican support.

Progress in the trade war is welcome news for Mastercard’s ambitions in China, though the coronavirus jeopardizes the rosy outlook.

Starbucks has invested heavily in building its business and payment technology in China, so the coronavirus weighs on an otherwise strong strong earnings performance.

The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation has garnered no Republican support.

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes.

CenterState and South State are the latest regionals to announce a deal driven heavily by the need to compete with larger banks that can afford to spend more on cutting-edge technologies.

Facebooks’ Libra cryptocurrency project has been losing high-profile support for months, but the loss of Vodafone may be its most critical.

Visa, along with Google Ventures, invested in an $80 million Series E fundraising round in cross-border B2B payments provider Currencycloud.

The move by the European bank regulator is a policy shift as profitability at the region's banks continues to suffer from negative rates; the German bank paid $1.1 million to win business from a senior Saudi royal.

The Georgia bank's operating costs rose in the fourth quarter, but executives sought to assure shareholders that investments will produce revenue growth in the long run.

The Michigan-based CU celebrated its latest milestone during its 69th year of business.

As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh.

American Express has focused the past few years on overcoming a couple of its stigmas — that not all U.S. merchants accept Amex cards, and that younger cardholders were not intrigued by the status of holding an Amex card.

The company will acquire the parent company of First National Bank of Manchester and Bank of Waynesboro for $85 million.

Two major banking organizations objected to a proposal by the agency that would expand the pool of investors in subordinated debt issued by credit unions. They fear it could provide credit unions more financing to buy banks.