Big banks could team up as part of an “all of the above” approach to compete in the growing world of stablecoin payments, just as they did when faced with a challenge from payment app Venmo. That ...

Scott Bessent and Elizabeth Warren both want to raise the deposit insurance cap. A Senate bill proposes a 40-fold increase.

McGuireWoods and Debevoise & Plimpton on behalf of plaintiff Capital One allege the Federal Deposit Insurance Corp. misinterpreted the statutory definition of 'uninsured deposit' to erroneously ...

Hope that the Federal Reserve may soon lower interest rates in September is fueling a new leg to this year’s rally in large US bank stocks. They surged last Friday after Federal Reserve Chair Jerome ...

JPMorgan, Bank of America and Wells Fargo see few signs of trouble among their consumer clients.

Almost everyone sounded positive here. We heard some commentary on some weakness in lower-income segments, but nothing too extreme. Most major macro indicators remain solid, with consumer spending ...

Just as banks launched Zelle to take on Venmo, they've started diving into stablecoins to fend off competition, which could intensify after passage of the Genius Act Big banks could team up as part of ...