The Latest

Goldman Sachs provided more details on its pullback from its once-grand ambitions to expand into consumer finance. Though parts of that strategy will remain, the New York bank will halt its personal loan business and postpone offering a checking account for its wealth management customers.

Six large banks will have to estimate the impact of a major hurricane in the Northeast and one other climate disaster on their real estate portfolios. Policy-related risks will also be explored.

The New York bank reported a 17% drop-off in deposits during the fourth quarter as it sought to reduce its concentration in the digital currency realm. It expects its balance sheet to stabilize in the second half of 2023.

The Federal Trade Commission singled out Mastercard in its recent proposed consent order, but other implicated card networks and issuers are unlikely to escape censure.

The Federal Reserve Bank of San Francisco's advances to Silvergate Bank, which catered to the cryptocurrency industry, aren't as worrying as the context — the Federal Home Loan Bank System is a systemically critical node of liquidity in the banking system.

Turkey's state-owned Halkbank got a mixed reception at the U.S. Supreme Court as the bank sought dismissal of criminal charges that it helped Iran evade economic sanctions.

The former tech entrepreneur, "Razzlekhan" rapper and accused cryptocurrency thief Heather Morgan has a new job.

Rising deposit costs and the likelihood of a slowdown in loan growth could stifle earnings, credit union executives say.

UBS Group doesn't plan to make the large-scale job cuts seen at global peers as the business of making investments for wealthy clients continues to see robust growth, Chief Executive Ralph Hamers said.

Citigroup and Bank of America have done more to support the expansion of fossil-fuel companies than any other lenders claiming to target net-zero financed emissions, according to a new analysis comparing industry pledges to action.