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Bank of America Chief Executive Brian Moynihan's total compensation declined 6.3% to $30 million for his work in 2022, a year in which profit tumbled and the shares sank.
February 3
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The House of Representatives approved a bill that would amend the Federal Credit Union Act to halve the number of board meetings many credit unions would have to conduct each year.
February 3
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A core issue in the upcoming fight over late fees involves what data is being collected on card issuers' costs and losses associated with late payments.
February 3 -
The top U.S. derivatives watchdog wants new cybersecurity rules as a recent attack on the software company ION Trading U.K. continues to roil the industry.
February 3
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Familiar face returns to Barclays, a goodbye by NFT at Mastercard and more in banking news this week.
February 3
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Swiss prosecutors are investigating a data leak involving thousands of former Credit Suisse Group clients who'd reportedly held $100 billion with the bank, in a case set to further discourage whistleblowing in the secretive country.
February 3
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The Patent Trial and Appeal Board has invalidated three patents owned by USAA, and some think this could be a turning point in ongoing patent litigation, in which USAA has already won more than $500 million from Wells Fargo and PNC.
February 3
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After soured loans rose above the private student lender's expectations in 2022, its stock price fell 16% on Thursday. One analyst wrote that "persistent credit issues have damaged management's credibility."
February 3
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Executives cited uncertainty created by surging interest rates, heightened regulatory scrutiny and the potential for a recession.
February 3
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Stripe Chief Financial Officer Dhivya Suryadevara is planning to leave the firm to attend to family matters as the company continues to weigh options for raising liquidity.
February 3
