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

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

KEY TAKEAWAYS Large U.S. banks surpassed earnings expectations with their third-quarter financial results.The major financial institutions enjoyed higher revenues from dealmaking and asset management ...

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 ...

The Federal Reserve announced on Friday that all 22 of the nation’s largest banks successfully passed its 2025 stress test, maintaining adequate capital buffers even under a hypothetical recession ...

NEW YORK, Sept 25 (Reuters) - A federal judge on Thursday dismissed "all remaining claims" in a slew of antitrust litigation accusing large banks of conspiring to rig Libor, an interest rate benchmark ...

The Federal Reserve has shown other US regulators the outlines of a revised plan that would dramatically relax a Biden-era ...

WASHINGTON, DC - DECEMBER 06: Jamie Dimon, Chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington ...

When you work in an industry like personal finance, it can be embarrassing to admit that you went against the best practices ...

The bill comes 10 years to the day Bush signed his big bank bailout into law. Bernie Sanders introduced a bill to break up America's largest financial institutions on Wednesday, exactly 10 years after ...

The national average savings account pays just 0.39% APY, according to the FDIC. And for checking accounts it's way lower -- a paltry 0.07% APY on average. So if you've got $10,000 parked in one of ...