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News Articles: banks

A man walks past a branch of Signature Bank in New York City on March 13, 2023. After Signature Bank collapsed during the 2023 regional banking crisis, the Federal Deposit Insurance Corp. said it didn't have enough qualified examiners to catch the problems that had led to the bank's failure.

Tagged as: 

  • Business

The FDIC's goal is to prevent another banking crisis. It's now also a Trump target

President Trump's sweeping cuts to the federal government are also threatening a key banking watchdog.

February 27, 2025
|
By:
  • Maria Aspan
The JPMorgan Chase headquarters building is seen in New York City. The banking giant is filing lawsuits against customers who exploited a viral technical glitch this summer that allowed people to pull huge amounts from Chase ATMs.

Tagged as: 

  • Business

JPMorgan Chase is suing customers over 'infinite money glitch' ATM scam

JPMorgan Chase is filing lawsuits against customers who exploited a viral technical glitch this summer that allowed people to pull huge amounts from Chase ATMs.

October 30, 2024
|
By:
  • Alana Wise
Attorney General Merrick Garland speaks during a news conference on Thursday, Oct. 10, 2024, in Washington to announce that TD Bank will pay an approximately $3 billion settlement after authorities say the financial institution's lax practices allowed for significant money laundering.

Tagged as: 

  • Business

TD Bank to pay $3 billion in money-laundering settlement with the Justice Department

Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so, Attorney General Merrick Garland said.

October 11, 2024
|
By:
  • The Associated Press
A Bank of America branch in Manhattan. The country's second-largest bank is increasing the wages of its lowest-paid workers, who will start earning at least $24 per hour in October. (Photo by Spencer Platt/Getty Images)

Tagged as: 

  • Business

Bank of America raises minimum hourly pay to $24, as tellers flee the industry

Bank of America will pay hourly workers at least $24 per hour — a big jump from early 2019, when it paid $15 per hour. It has launched a series of pay raises as the industry struggles to fill bank teller jobs.

September 10, 2024
|
By:
  • Maria Aspan
GPB News NPR

Tagged as: 

  • Business

A federal judge temporarily halts U.S. plan to lower credit card late fees to $8

The temporary injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies. The plan was set to go into effect next week.

May 11, 2024
|
By:
  • The Associated Press
Businesswoman Truong My Lan, front center, attends a trial in Ho Chi Minh City, Vietnam on Thursday, April 11, 2024.

Tagged as: 

  • Asia

Vietnam sentences real estate tycoon to death in its largest-ever fraud case

Truong My Lan, the 67-year-old chairwoman of the real estate company Van Thinh Phat, was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country's 2022 GDP.

April 12, 2024
|
By:
  • GPB Newsroom
Markets have rallied recently as the economy has proved sturdier than expected and as investors have latched onto artificial intelligence-related shares. Here, stock market numbers are displayed at the New York Stock Exchange on June 2.

Tagged as: 

  • Business

What recession? Why stocks are surging despite warnings of doom and gloom

Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.

July 01, 2023
|
By:
  • David Gura
A.J. King, the CEO of Three Rivers Bank in Kalispell, Mont., sitting at his office. King says his bank shouldn't have to pay for mismanagement at Silicon Valley Bank and Signature Bank.

Tagged as: 

  • Business

It cost $22 billion to rescue two failed banks. Now the question is who will pay

Regulators need to decide how to recover the cost of rescuing Silicon Valley Bank and Signature Bank — and community banks across the country are warning they should not be on the hook.

April 13, 2023
|
By:
  • David Gura
Liz Southers runs a commercial insulation company in South Florida. She says the company could grow faster if it had access to more credit.

Tagged as: 

  • Economy

Banks are spooked and getting stingy about loans – and small businesses are suffering

Weeks after the collapse of Silicon Valley Bank, lenders are getting stingier about making loans. That makes it harder for businesses trying to grow and – and it raises the risk of recession.

April 10, 2023
|
By:
  • Scott Horsley
GPB News NPR

Tagged as: 

  • Law

A bill in the Arizona House would punish banks that refuse business from gun firms

Bankers are resisting the bill, calling it government overreach and saying lawmakers are creating a problem with a non-issue in Arizona.

February 18, 2022
|
By:
  • The Associated Press
Saule Omarova addresses the Senate Banking Committee during her nomination hearing on Nov. 18 to head the Office of the Comptroller of the Currency. Omarova withdrew her nomination on Tuesday after facing opposition from Republicans and some moderate Democrats.

Tagged as: 

  • Politics

Biden's pick to become a key banking regulator withdraws after ugly nomination fight

Saule Omarova has withdrawn her nomination to head the Office of the Comptroller of the Currency after an ugly, and at times, incredibly personal, fight to be confirmed.

December 08, 2021
|
By:
  • David Gura
Cornell University Professor Saule Omarova testifying on fintech at a hearing organized by the Senate Banking committee on Sept. 18, 2018. Today, Omarova is President Biden's nominee to head the agency that oversees the majority of the assets held by the country's banks, and she will appear in front of the same Senate committee for her confirmation hearing on Thursday.

Tagged as: 

  • Business

A look into the ugly and incredibly personal fight over Biden's pick to oversee banks

An ugly battle is being waged over Saule Omarova, President Biden's nominee to oversee most of the money held by banks. Her confirmation hearing is on Thursday.

November 18, 2021
|
By:
  • David Gura
A house under foreclosure in Las Vegas displays a sign on Oct. 15, 2010, saying that it's now bank-owned. Sen. Sherrod Brown has vowed increased scrutiny of Wall Street banks, in part after a surge in foreclosures in his hometown in Ohio over a decade ago.

Tagged as: 

  • Business

Why Democrats Are Angry At Wall Street

Big banks are facing a new reality in Washington: Democrats control all levers of power and they are not shy about their intentions to ratchet up pressure on the sector.

May 30, 2021
|
By:
  • David Gura
Right out of college Anita Ramaswamy was hired for her dream job as an analyst at a big bank on Wall Street. She frequently worked until midnight, including during the pandemic.

Tagged as: 

  • Business

'Absolute Meltdown': Wall Street's Work Till You Drop Culture Under Attack

Burnout in investment banking has been a problem, but the pandemic has made it worse. A handful of firms are responding by offering extra perks and more pay. But more money may not be the answer.

May 07, 2021
|
By:
  • David Gura
More so than other big banks, Goldman Sachs depends on stock and bond trading to make money, and the financial markets were the place to be in the second quarter.

Tagged as: 

  • Business

It's Nice To Be Rich: Wall Street Is Raking In Profits In The Stock Market

The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it's raking in money on trades.

July 15, 2020
|
By:
  • Jim Zarroli
  • Load More

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