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The Federal Deposit Insurance Corp. cut between 600 and 700 of its employees as President Trump's federal downsizing effort advances, fueling concerns over oversight and potential agency consolidation.
February 28
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"We have made certain adjustments to reflect developments in the law in the U.S.," Chief Executive Officer David Solomon said.
February 27
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Wells Fargo joins Bank of America, Citi and Charles Schwab in stepping away from its DEI policies.
February 27
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Banks' latest annual reports, filed in the early weeks of the second Trump administration, provide a window into how the industry is adjusting to a new political climate.
February 27
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More consumers and small-business clients are clamoring for earned wage access, as states step up regulation and a CFPB interpretive rule hangs in the balance.
February 26
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Whether addressing a large audience or interacting with individual employees, the most effective communicators are those who leave their audience feeling a little smarter for having listened to them.
February 26
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The New York megabank facilitates much of the U.S. government's payment network domestically and internationally, making it a major federal contractor and vulnerable to the Trump administration's scrutiny.
February 21
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The Commerce secretary begins a Wall Street dynasty with his rapper and trader sons, Kyle and Brandon.
February 20
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Up from $26 million in 2023, Jane Fraser's compensation last year saw the largest increase so far among heads of big U.S. banks.
February 19
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U.S. District Judge Amy Berman Jackson agreed to temporarily block the Trump administration from firing more CPFB employees and said the White House could not delete or destroy any of the bureau's data or databases.
February 14
