Edit License

Is time running out to save black-owned banks?


A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.


Google partners with Citi to offer customers checking accounts


Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said.


Bank of America, IBM collaborating on a financial services cloud


Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow financial institutions' adoption of cloud computing.


First Horizon to buy Iberiabank in one of year's biggest bank mergers


The acquisition will create a Southeastern regional with $75 billion in assets across 11 states.


Is the end of Libor a threat to financial stability?


Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.


Zuckerberg fails to assuage lawmakers on Libra


As Congress continues to seek answers about the proposed ccryptocurrency, the appearance by Facebook’s CEO cast further doubt on the project’s future.


FHFA's Calabria is open to wiping out Fannie, Freddie shareholders


At a House hearing covering a whole host of housing finance reform topics, Fannie Mae and Freddie Mac's regulator said "if the circumstances" call for eliminating investors, "we will."


‘Absolute scam’: Complaints about credit monitoring plans flood CFPB


Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.


Supreme Court will hear CFPB constitutionality case


The high court will decide how much latitude a president has to fire the director of an independent agency.


Dimon says Libra 'will never happen'


The JPMorgan Chase CEO called Facebook's cryptocurrency project a "neat idea" but added his name to the list of industry leaders and policymakers skeptical about the plan.