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Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand.
May 18 -
Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump.
May 17 -
Updates on fintech in Brazil, China and Britain; Brian Duperreault promises to grow the insurance giant, not break it up.
May 16 -
The value of digital currencies soared past $50 billion, raising concerns of a bubble; B of A plans to introduce AI-powered digital assistant this year.
May 15 -
The bank said it plans to cut $2 billion more from expenses over the next two years; Senate Banking Dems have questions about the choice of acting comptroller.
May 12 -
Despite some investor criticism, CEO retains support of chairman John McFarlane; consumer protection agency looks to extend regulatory reach.
May 11 -
Appeals court throws out earlier ruling that federal bailout of giant insurer was illegal; Barclays chief likely to face angry shareholders at annual meeting.
May 10 -
Investment bank promotes several executives; banks ask Mnuchin to help roll back rule that would make them recognize loan losses earlier.
May 9 -
Wells is expected to announce $3 billion more in additional spending reductions; B of A pays half the interest of other banks, but still rakes in deposits.
May 8 -
Bill that would roll back much of Dodd-Frank now goes to the full House; suit says bank employees trailed undocumented Latinos to get them to open accounts.
May 5 -
Cutbacks coincide with drop in car sales; capital markets expected to lose 200,000 jobs net to artificial intelligence.
May 4 -
Senate votes 61-37 to confirm Trump's choice of Wall Street lawyer as head of securities agency; House Financial Services Committee to vote Wednesday on bill to rollback Dodd-Frank.
May 3 -
The president may soon replace Thomas Curry as bank regulator with an interim appointment; Supreme Court says city can sue B of A and Wells Fargo over predatory lending.
May 2 -
Despite measures taken by the messaging service, banks are still responsible for their own cybersecurity; banks want easing of “operational risk” rules.
May 1 -
Proxy advisor firm says shareholders should abstain – but not vote against – Jes Staley at bank's May 10 meeting; shareholder alleges Wells targeted illegal aliens in phony accounts scheme.
April 28 -
Insiders at regional and community banks have sold $1.4 billion of their own stock since the election; the corporate tax rate changes will hurt then help banks.
April 27 -
Shareholders reelected all of the bank's directors, though some got only slightly more than 50% approval; exchanges having trouble processing deals in dollars.
April 26 -
The FDIC and the Fed approve the bank's living will and remove growth limits; former employees of failed banks like IndyMac and Wamu still have fond memories.
April 25 -
The bank said it will cover more customers harmed by its sales tactics; one analyst preaches patience on blockchain while a report sees explosive growth.
April 24 -
Stock plunges more than 50% after CFPB, states sue subprime loan servicer for allegedly abusing customers; regional bank looks to underprice Amex and JPMorgan's upscale credit cards.
April 21













