Stories tagged: banks
Fri., Sept. 22, 2017, 10:08 a.m.
China: Trump bank ban statement ‘not consistent’ with facts
President Donald Trump’s announcement that Beijing told its banks to stop dealing with North Korea is “not consistent with the facts,” a Chinese foreign ministry spokesman said Friday, but he …
UPDATED: Fri., Aug. 25, 2017, 2:29 p.m.
Yellen defends banking overhaul passed after 2008 crisis
Federal Reserve Chair Janet Yellen on Friday defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system’s health and …
UPDATED: Fri., Aug. 18, 2017, 9:08 a.m.
U.S. stocks slide again as industrial companies and banks drop
U.S. stocks continue to skid Friday morning as industrial companies fall after a weak report from farm equipment giant Deere. Banks are also down as bond yields continue to slide, …
UPDATED: Tue., July 25, 2017, 3:25 p.m.
Republicans moving to repeal financial rule opposed by banks
The Republican-led House is seeking to overturn a rule that would let consumers join together to sue their banks or credit card companies rather than use an arbitrator to resolve …
UPDATED: Thu., June 22, 2017, 6:19 p.m.
Fed: Biggest U.S. banks strong enough to withstand recession
All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday.
Wed., May 3, 2017, 3:34 p.m.
Dems shift financial debate to spotlight Trump’s empire
The Republican drive to overhaul financial regulations on Wednesday turned into a contentious debate over Democratic efforts to cast a spotlight on President Donald Trump’s business empire and his refusal …
Mon., March 27, 2017, 8:25 p.m.
Wells Fargo rolls out card-free access at all of its ATMs
Starting on Monday, Wells Fargo will be the first major U.S. bank to offer a card-free option at all of its ATMs. The bank’s customers will be able to use …
Wed., March 1, 2017, 10 a.m.
Stocks surge in early trading; Dow crosses 21,000 points
Banks and other financial companies led U.S. stocks sharply higher in morning trading Wednesday, pushing the Dow Jones industrial average above 21,000 points for the first time. Energy and materials …
Tue., Feb. 14, 2017
Robert J. Samuelson: Dodd-Frank cripples next response
The real Dodd-Frank scandal is that this misinterpretation of events, widely embraced by both parties, has been allowed to stand.
Fri., Feb. 3, 2017, 2:14 p.m.
Banks lead stock surge as investors hope for regulation cuts
Banks and other financial companies made big gains Friday after President Donald Trump moved to scale back regulations on the financial industry. Other stocks also rose as investors were also …
Mon., Jan. 30, 2017, 10:07 a.m.
Energy, banks stocks lead stocks sharply lower
U.S. stocks are falling Monday morning, following global stock indexes lower, as energy companies and banks take sharp losses. Airlines skidded after President Donald Trump ordered impose a travel ban …
Fri., Jan. 13, 2017, 2 p.m.
Profits at big banks surged last year as ‘Trump rally’ boosts bottom line
Profits at JPMorgan Chase and Bank of America surged last year, the banks said Friday as the industry receives a boost from a stock market rally that accelerated after the …
Mon., Jan. 2, 2017, 8:16 p.m.
Energy companies and banks led rally on S&P 500 in 2016
In a year with no shortage of surprises and stomach-churning turns in the market, stock investors can feel pretty good about 2016.
Wed., Dec. 7, 2016, 8:06 a.m.
JPMorgan hit hardest as EU fines rate-rigging trio $521 million
JPMorgan Chase, HSBC Holdings and Credit Agricole were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a …
Wed., Dec. 7, 2016, 8:04 a.m.
Two Abu Dhabi banks to merge into largest Gulf Arab bank
Stockholders at two Abu Dhabi banks have agreed to a plan to merge the firms, which would create the biggest bank in the Gulf.
Fri., Dec. 2, 2016, 2:45 p.m.
Stocks tread water as big dividend payers jump and banks dip
Investors are making a small move back to traditionally safe assets Friday afternoon after the rally of the last few weeks. Bonds are rising, as are real estate, telecommunication and …
Fri., Dec. 2, 2016, 7:29 a.m.
Foreign spies ready to enact cyberattacks on Russia’s banks, nation says
Russia accused foreign spy agencies of preparing cyberattacks in dozens of cities to try to undermine its banking system.
Thu., Dec. 1, 2016, 2:49 p.m.
Wells Fargo splits chairman, CEO roles after sales scandal
Wells Fargo is splitting the jobs of chairman and CEO and making other major changes to the composition of its board of directors in an effort to make the bank …
Tue., Nov. 29, 2016, 8:57 a.m.
U.S. bank earnings up nearly 13 percent in 3Q
U.S. banks’ earnings in the July-September period jumped nearly 13 percent from a year earlier as continued growth in lending fueled interest income.
Wed., Oct. 19, 2016, 4:25 p.m.
Financial regulators outline new cybersecurity rules for banks
Banking regulators outlined a new set of rules Wednesday aimed at tightening cybersecurity requirements to protect financial markets and customers from online attacks.
Fri., Oct. 14, 2016, 4:40 p.m.
Ohio to suspend doing business with Wells Fargo
Ohio’s Republican Gov. John Kasich announced Friday that he was suspending Wells Fargo from doing business with state agencies, and excluding the bank from participating in any state bond offerings.
Fri., Sept. 23, 2016, 3:02 p.m.
Pressures mount on Wells Fargo following fake-accounts scandal
Pressure mounted on Wells Fargo & Co. Friday following its fake-accounts scandal, as the bank faced new calls to allow affected customers to file lawsuits and for the board of …
Tue., Aug. 30, 2016, 12:03 p.m.
US bank earnings in Q2 climbed 1.4 percent to $43.6B
U.S. banks’ earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.
Sun., Aug. 28, 2016
Consumer Confidential: Consumers want court date when banks don’t play fairly
The vast majority of consumers want to know they can seek their day in court if they get in a beef with a bank. That’s the main takeaway of a …
Fri., Aug. 5, 2016, 1:24 p.m.
Prosecutors ask appeals panel to rehear Bank of America case
A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank’s actions during the 2008 financial …
Fri., July 29, 2016, 10:41 a.m.
U.S. regulators: Still heavy risk in big bank loans
Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.
Thu., June 23, 2016, 5:18 p.m.
Nation’s largest banks all pass Fed’s ‘stress tests’
The largest U.S. financial institutions have enough armor to withstand the turmoil of a major and prolonged national and global recession, the Federal Reserve said Thursday.
Thu., June 2, 2016, 12:48 p.m.
Payday lenders face federal restrictions in aim to protect borrowers
Federal regulators are proposing a significant clampdown on payday lenders and other providers of high-interest loans, saying borrowers need to be protected from practices that wind up turning into “debt …
Fri., May 27, 2016, 10:45 a.m.
Researchers: Asian bank hacks may be linked to North Korea
Cybersecurity researchers said North Korea might be connected to a recent attack that resulted in the theft of over $100 million from the Bangladeshi central bank and the attempted thefts …
Wed., April 13, 2016, 4:38 p.m.
Some big U.S. banks have 6 months to present disaster plans
Five of the biggest U.S. banks have six months to get their disaster plans in shape. That’s the message regulators issued Wednesday after giving the banks failing grades for the …