posted: 06/30/2016 2:13 a.m.
The Federal Reserve has given the green light to major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough financial foundation to withstand a major economic downturn.
posted: 06/15/2016 2:11 a.m.
The country's largest banks have increased the amount they collect from customers in overdraft fees, according to new government data, just as regulators are considering whether to issue rules that would rein in their use.
posted: 05/28/2016 1:46 a.m.
JPMorgan Chase, Wells Fargo and other big banks are upgrading their online payment services to allow customers to transfer money instantly to others who bank elsewhere, often at no cost.
posted: 05/01/2016 3:08 a.m.
The use of mobile banking -- consumers accessing bank services using a mobile phone -- continues to increase, according to an annual survey by the Federal Reserve Board.
posted: 04/16/2016 1:42 a.m.
For Chinese banks, the decision to lend to companies such as Bohai Steel was for years a no-brainer. Lenders took heart from its state backing, which appeared as solid as the millions of tons of steel pipes that rolled off its production lines each year.
updated: 04/14/2016 3:48 a.m.
Five of the largest U.S. banks don't have credible plans for winding down their operations without taxpayer help if they should start to fail, federal regulators said Wednesday.
posted: 04/14/2016 1:59 a.m.
JPMorgan Chase said Wednesday that its first-quarter profit fell more than 8 percent from a year ago and tried to soothe investor concerns after it failed a key regulatory test designed to prevent another financial crisis.
posted: 03/17/2016 2:09 a.m.
The Federal Reserve decided Wednesday to keep a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy.
posted: 03/10/2016 2:08 a.m.
Big banks and credit card companies are increasingly offering customers free access to their FICO scores.
posted: 03/05/2016 1:45 a.m.
Wall Street giants such as JPMorgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. would face new limits on credit exposure to any other large financial company under a new Federal Reserve proposal.
posted: 02/24/2016 2:09 a.m.
U.S. bank earnings jumped 11.9 percent in the final three months of 2015 compared with the previous year on rising revenue. Legal expenses declined as some big banks wound down legal settlements that arose from the financial crisis.
posted: 02/18/2016 2:10 a.m.
To the long list of things that can be done with a mobile phone -- including watching a movie, buying a latte and hailing a ride -- another is being added: getting cash.
posted: 02/17/2016 2:10 a.m.
A top architect of the 2008 federal bailout of the financial industry said Tuesday that the government had not done enough to prevent a repeat.
posted: 01/07/2016 2:08 a.m.
The World Bank has cut its forecast for global growth this year, citing weakness in the developing world.
posted: 01/06/2016 2:09 a.m.
JPMorgan Chase & Co. will pay $48 million to settle the last in a series of missteps in its handling of foreclosures after the 2008 credit crisis, according to the Office of the Comptroller of the Currency.