Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts, and mortgage lending, has closed.
Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.
Bank stocks made up one of the best-performing areas of the stock market in 2024. The financial sector, which mainly consists of banks, rose by more than 30%. For many investors, the best way to get bank stock exposure is through a low-cost ETF,
Douglas McIntyre, Editor-in-Chief at Climate Crisis, reports that the Federal Reserve has exited a climate alliance following similar moves by major U.S. banks, including Goldman Sachs, Morgan Stanley,
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates
President Donald Trump accused banks of discriminating against conservatives. JPMorgan Chase and Bank of America denied the debanking claims.
U.S. Sen. Cynthia Lummis has been named the nation's first chair of the Digital Asset Subcommittee. Known for her expertise in cryptocurrency, one of
Explore the stock market outlook for the first six months of 2025. Learn key trends, forecasts and insights to help guide your investment decisions.
Food banks across the nation are seeing a post-pandemic wave of demand for food driven by working people caught in America’s cost-of-living crunch.
Analysts from Bank of America predict only one interest rate cut in South Africa for 2025, with potential implications for the country's credit rating. The South African Reserve Bank Governor Lesetja Kganyago will make his statement on the interest rate this Thursday.
Sterling was little changed versus the euro and the dollar and fell sharply against the yen as investors shifted their focus to economic data and central bank policy meetings later this week.