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Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.
July 17
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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
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The bank regulators extended a moratorium for the proprietary trading ban for certain affiliates of foreign banks by an additional two years.
July 17
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The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.
July 17
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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
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The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter.
July 16
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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
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Attempts to roll back a safeguard on derivatives would give megabanks a $40 billion windfall, putting taxpayers on the hook.
July 16
Corporations 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
