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Democrats called on the social media company to halt its Libra project, while Republicans said Congress should keep the door open to innovation.
July 17 -
The bank regulators extended a moratorium for the proprietary trading ban for certain affiliates of foreign banks by an additional two years.
July 17 -
The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.
July 17 -
America's farms have taken on near-record levels of debt in recent years, and commodity prices and trade wars are putting pressure on farm country. That could spell bad news for bankers that lend to them.
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A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.
July 16 -
The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter.
July 16 -
The agency's board voted 3-1 on Tuesday to give large banks additional time to comply with new rules that force them to keep better track of insured deposits.
July 16 -
Attempts to roll back a safeguard on derivatives would give megabanks a $40 billion windfall, putting taxpayers on the hook.
July 16Corporations and society initiative at Stanford Graduate School of Business -
The Treasury Secretary says Facebook’s cryptocurrency plan creates national security issues; the New York Fed chief tells financial firms to stop dragging their feet and move on from Libor.
July 16 -
Granted, the bank's earnings per share topped estimates in the second quarter, but its forecast on net interest income suggests it will be harder for JPMorgan Chase to offset declining revenue from trading stocks and bonds.
July 16