Aggressive overdraft fees are worth tens of billions of dollars a year to the banking industry. Account holders are finally getting some better options.
The justices said the bank may renew its arguments that its statements about honesty and integrity were too generic to support a class action for billions of dollars.
Investors have been adjusting their expectations for interest rates, leading to a turbulent stretch for the stock market.
If President Biden really wants to fight global financial corruption, he should pardon Natalie Mayflower Sours Edwards.
The F.B.I.’s recovery of Bitcoins paid in the Colonial Pipeline ransomware attack showed cryptocurrencies are not as hard to track as it might seem.
It was the largest Bitcoin event in the world and the first major in-person crypto conference since the pandemic started. The jargon, the liquor and the millionaire talk flowed.
A warming planet holds potential risks for home prices, investments, banking and other aspects of the global economy, the government said.
Overwhelmed lenders and panicking borrowers are in a frenzy to grab the remaining money in the small business relief program.
Minutes from the Federal Reserve’s April meeting showed some officials wanted to soon talk about a plan to pull back some central bank support for the economy if “rapid progress” persisted.
Zachary Karabell’s “Inside Money” traces the fortunes of the investment firm Brown Brothers Harriman across two centuries.
Lenders are pressuring the Agriculture Department to give them more money, saying quick repayments will cut into profits.
Regulators have shockingly little insight into the inner workings of funds like Archegos. Here’s how to fix that.
Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.
The inquiry will focus a spotlight on a steel magnate and a financier whose business collapse has provoked a scandal in Britain.
Thomas K. Montag, the bank’s No. 2 executive, has long run its markets and corporate banking division with favoritism and an iron fist, employees say.
Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.
Goldman Sachs is the latest to call an end to remote work.
In a hearing focused on the frenzied trading of GameStop stock, the new S.E.C. chairman suggests more disclosure is needed.
Financial institutions have a unique power to contribute to social movements — if they choose to use it.
The nearly $5 billion loss from the collapse of Archegos Capital Management was just the latest problem for Credit Suisse’s beleaguered investment bank.
Chinese regulators have a message for the finance sector: Tread carefully.
Seth Andrew, who served in the Obama administration, stole more than $200,000 to help him buy a $2 million Manhattan apartment, prosecutors said.
Credit Suisse had admitted to helping American clients evade taxes in 2014 and was fined $2.6 billion, but it avoided even higher fines because of its vow that it had stopped the practice.
If you are trying to grasp Bitcoin and understand what China’s digital yuan means, America’s Federal Reserve is right there with you.
In March 2020, the Federal Reserve had to step in to save the mutual funds, which seem safe until there’s a crisis. Regulation may be coming.
Here are some tips on navigating today’s supercharged real estate market, where inventory is low and other buyers can be cutthroat.
Nervous buyers and sellers are asking: ‘When is the housing market going to crash?’ Here’s what to expect this year.
Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.
The bank’s role has made it one of the targets for criticism. European heads of state, former players and supporter groups of the clubs involved were among those speaking out against the plan.
The Federal Reserve is proudly politically independent. That makes key discussions around climate change and racial inequity a balancing act.
Other European cities are eating away at Britain’s edge in financial services. The government is trying to find ways to keep it.
Jake Siewert led the firm’s post-financial crisis reputation makeover.
The curbs on U.S. banks’ purchases of some bonds apply to a small portion of the market but could signal a sharper aim at Russia’s access to global capital.
The banks said they released large chunks of money that had been set aside to cushion themselves from losses caused by the pandemic.
With acceptance from traditional investors, a profitable start-up that eases transactions is offering proof of the industry’s staying power.
Kelyn Spadoni tried to keep a deposit that was off by five decimal places, according to the authorities, who said she was charged with fraud and fired from her job on the same day.
In its eight-year history, the family office that managed the fortune of Bill Hwang never publicly disclosed any stock ownership. Securities lawyers said that was highly unusual.
A return to the nuclear deal is the first step out of the morass.
Beijing, which can’t afford to let its attack on civil liberties scare away global banks and financiers, is offering them a big tax break and other perks.
A year after the Paycheck Protection Program started, studies show how its design hurt Black- and other minority-owned businesses.
Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.
Online donors were guided into weekly recurring contributions. Demands for refunds spiked. Complaints to banks and credit card companies soared. But the money helped keep Donald Trump’s struggling campaign afloat.
After a year of working remotely, some employees are not keen to go back to the office, and, so far, employers are being receptive to their concerns.
New rules, aimed at taming big money flows and possibly controlling the Chinese currency, could give domestic rivals a competitive edge and make international firms more dependent on local lenders.
Archegos Capital Management’s use of swaps helped conceal its exposure to huge blocks of shares but showed once again how lightly regulated derivatives can shake the financial system.
Archegos Capital Management, led by Bill Hwang, couldn’t meet financial demands, creating turmoil on Wall Street and raising questions about the fund’s ties to lenders.
Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits.
Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment.
Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.
Junior bankers are burning out. What should banks do about it?