Economy

The Federal Reserve voted Tuesday to consider a proposal that would limit counterparties' contractual rights to early payment in the event of a big bank default — rights that industry groups have argued reach too far.

Deloitte is partnering with five blockchain companies as it seeks practical uses for the emerging technology in its consulting business.

Freddie Mac won't make a dividend payment to the Treasury Department after declining interest rates and widening spreads on investments triggered a $354 million first-quarter loss for the mortgage finance giant.

As banks nationwide trim their branch personnel, they must also make sure the remaining staff in their brick-and-mortar stores know what they are doing.

OnDeck Capital reported a quarterly loss of $12.6 million as revenues fell short of expectations. At the same time, the New York firm sharply reduced its earnings projection for the rest of the year.

During a discussion Monday about the impact of technology on the financial sector, tech executives argued that banks are inefficient because they are paying six-figure salaries to employees whose jobs can be computerized.

In a speech Sunday, Federal Reserve Bank of New York President William Dudley gave credence to concerns that post-crisis regulatory reforms may have dried up liquidity in the Treasury and corporate bond markets, but said more examination is needed to guide effective policy.

Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.

Even if the Financial Stability Oversight Council fixes flaws in its process for designating "systemically important" companies, that doesn’t solve everything the council needs to achieve its mission.

WASHINGTON – Financial regulators are proposing changes to their standards for evaluating institutions’ compliance with consumer protection rules to account for the evolution in supervisory approaches since the standards were adopted in 1980.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

The House passed a bill Thursday that would authorize state insurance commissioners to approve flood insurance policies for Fannie Mae, Freddie Mac and other federally backed mortgages.

Reflecting on his economic legacy, President Obama disputes the conclusion in "The Big Short" movie that nothing changed on Wall Street after the 2008 economic meltdown, and maintains that his policies have helped stabilize the financial sector.

WASHINGTON — The Federal Home Loan Bank of San Francisco has selected Greg Seibly to be its new president and chief executive starting May 12. He will take over from Dean Schultz, who is retiring after 25 years at the helm of the bank.

The Palo Alto, Calif.-based startup said Wednesday it plans to use the investment to help grow its cloud-based factoring platform for small businesses and expand into new market segments.

Advocates on the left and the right routinely assert that "too big to fail" is still with us and that Dodd-Frank and other post-crisis reforms have not secured the financial system from excessive risk, and the public seems to agree. So where does regulatory policy go from there?

It's been a tough time to be a mobile point of sale company, but SumUp believes it's found the right formula to not only get through the shakeout but to thrive.

American Express is giving a limited number of Uber riders access to Beyoncé's Formation concert tour, in the latest example of a financial services company allying with the tech-savvy ridesharing service.