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President Donald Trump said he would fire Federal Reserve Chair Jerome Powell if he does not resign after his term as head of the central bank ends in May. Trump made a similar threat against Fed Gov. Lisa Cook before attempting to fire her last August.
April 15 -
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is pushing the Federal Reserve for records related to Fed chair-designate Kevin Warsh's actions as a member of the Fed board during the 2008 financial crisis.
April 15 -
The investment bank reported a surge in net revenues for the first quarter, aided by robust client activity in investment banking and wealth management.
April 15 -
The Pittsburgh-based bank expanded its geographic footprint — and grew its loans and deposits during the first quarter — with the purchase of FirstBank in Colorado. Expenses also rose as the bank paid up to begin integrating its acquisition.
April 15 -
After a strong first quarter, America's second-largest bank hailed the resilience of the U.S. consumer, but also forecast rising inflation in the near future.
April 15 -
The credit card giant's BVNK acquisition wasn't a bet on crypto hype. It was a hedge against irrelevance. It suggests that the companies that defined the last era of finance are now preparing for a very different future.
April 15
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Bank of America and Oracle are among those tweaking their treasury management and supply chain technology, partly to address clients that face cash management challenges from geopolitical risk.
April 15 -
A federal judge refused to sign a settlement agreement between the Department of Justice and Houston developer Colony Ridge because it failed to provide any consumer relief. DOJ agreed to an out-of-court settlement instead.
April 14 -
Federal Reserve Gov. Michael Barr said in a speech Tuesday that rapidly changing trade policies and conflict in the Middle East are straining rural communities by raising business operating costs.
April 14 -
Four years ago, the Detroit-based auto lender made a pledge to support men's and women's sports with equal advertising dollars. It's reached that goal a year ahead of schedule — and it's not stopping there.
April 14 -
Both Chase and Wells Fargo had a 15% reduction quarter-to-quarter in mortgage originations, more than the industry forecast for a 6% drop-off, Keefe, Bruyette & Woods noted.
April 14 -
Kevin Warsh's financial disclosures show significant wealth, likely well-over $100 million, beyond that of even Federal Reserve Chairman Jerome Powell, who came from the private equity world.
April 14 -
The CEO of America's largest bank said that private credit won't crash the banking system, but a credit cycle will be worse on the economy than people expect.
April 14 -
Israel Velasco, who is slated to become the head of the Puerto Rican bank's U.S. subsidiary, will be charged with helping to implement the company's new strategic framework.
April 14 -
The San Francisco-based banking giant reported increased earnings and continued benign credit conditions, but net interest income fell short of Wall Street's expectations.
April 14 -
During the bank's first-quarter earnings call, Jane Fraser dismissed a recent report that Citi is entertaining the idea of buying a large U.S. regional bank.
April 14 -
Key Virtual Card builds on the bank's relationship with payments and card issuing infrastructure fintech Qolo and looks to compete with rivals such as Ramp, Airwallex and Brex that have been aggressively going after banks' corporate clients.
April 14 -
The credit card company has issued a developers' kit to perform AI agent verification and aid merchants and shoppers, and is working with agentic AI protocols from other technology companies.
April 14 -
America's largest bank enjoyed strong performance in each part of the company, but especially its markets business. JPMorgan also kept credit in check, despite concerns about geopolitical conflict.
April 14 -
The Federal Reserve's initial step toward doing away with paper checks is welcome, but any economy-wide transition must consider the needs of a variety of stakeholders, including many consumers who still rely on them.
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