Stories tagged: banks
Fri., Dec. 22, 2017
Banks, energy companies lead rebound in U.S. stocks
Banks and energy companies led U.S. stocks higher Thursday, erasing modest losses from the day before. Retailers and makers of consumer products also posted solid gains. Small-company stocks rose more …
Tue., Dec. 19, 2017, 5:54 p.m.
Federal regulators approve ‘living wills’ for eight large banks
Federal regulators on Tuesday announced they had approved the disaster plans for the nation’s eight largest and most complex banks outlining the strategies they would deploy if they fell into …
Thu., Dec. 7, 2017, 8:37 a.m.
Years after Lehman: final rules set on strengthening banks
A global forum of banking regulators has finished its years-long work on rules that aim to keep weak banks from needing taxpayer bailouts and setting off financial crises like the …
UPDATED: Tue., Nov. 7, 2017, 7:13 p.m.
Seattle bank’s app among numerous technologies targeting ATM theft, other fraud
Even though ATM skimming has not yet become a major problem in the Northwest, a Seattle-based bank wants to be ahead of the crime wave by rolling out technology that …
Wed., Nov. 1, 2017, 10:04 a.m.
Robots in finance bring new risks to stability, regulators warn
Banks and hedge funds that rely on artificial intelligence threaten to inject risks into the financial system that could exacerbate a future crisis, according to global regulators.
Sat., Oct. 28, 2017
Editorial: GOP disarms little guy in bank fights
You cannot band together with other aggrieved parties and go to court, even if there’s a demonstrated pattern of abuse by the corporations affecting millions of customers.
Wed., Oct. 25, 2017, 9:26 a.m.
Big banks score win with scrapping of consumer dispute rule
President Trump and Republicans in Congress handed Wall Street banks a big victory by effectively killing off a politically popular rule that would have allowed consumers to band together to …
Wed., Oct. 25, 2017, 8:49 a.m.
Senate kills new rule allowing class-action lawsuits against banks after Pence casts deciding vote
The Senate voted Tuesday night to kill a controversial rule that would have allowed Americans to file class-action suits against banks instead of being forced in many cases into private …
Sun., Oct. 22, 2017, 10:46 a.m.
Turkey regulators say no U.S. probe into banks, denying reports
Turkish banks aren’t under investigation and U.S. authorities haven’t sent any information or documents to their Turkish counterparts, Mehmet Ali Akben, the head of the Banking Regulation and Supervision Agency, …
Sat., Oct. 21, 2017, 10:22 a.m.
Morocco recalls envoy over Algeria official’s hashish claims
Morocco has recalled its ambassador to Algeria after the Algerian foreign minister claimed Moroccan banks launder money from hashish trafficking.
UPDATED: Wed., Oct. 4, 2017, 2:13 p.m.
Yellen: Fed committed to easing regulations on smaller banks
Federal Reserve Chair Janet Yellen says the Fed is committed to making sure that the regulations it imposes on the nation’s community banks are not unduly burdensome, noting a proposed …
UPDATED: Tue., Sept. 26, 2017, 2:46 p.m.
Trump vows to ‘fix the mess’ as U.S. targets North Korea banks
New U.S. sanctions will punish eight North Korean banks and 26 bank workers living abroad, the Trump administration announced Tuesday, in the first use of new sanctioning powers granted by …
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 …