Banking

'You Should Be Fired.' Elizabeth Warren Slams Wells Fargo CEO Over Fake Accounts

After the bank created millions of fake accounts without customers' knowledge

By Mahita Gajanan October 3, 2017

House Republicans Aim to Roll Back Wall Street Regulations

House Republicans are preparing to vote on a new bill that would roll back many of the Wall Street regulations passed in the aftermath of the financial crisis. The bill, which is called the Financial...

By Sam Frizell May 27, 2017

Bankers' Love of London Complicates Brexit Relocation

Investment banks have already warned they could move thousands of jobs if the City loses access to the E.U.'s single market

By Sinead Cruise and Anjuli Davies / Reuters October 11, 2016

Deutsche Bank Races to Reach U.S. Settlement

A crippling of the bank could lead to chaos in markets around the world

By Georgina Prodhan, Kathrin Jones and Lawrence Delevingne / Reuters October 3, 2016

RBS to Pay $1.1 Billion to Resolve U.S. Mortgage Lawsuits

The settlement is over the sale of mortgage-backed securities before the 2008 banking crisis

By Nate Raymond / Reuters September 27, 2016

Is International Banking Getting Better or Worse?

Policymakers realize the status quo must change, but there's also a race to lower regulation internationally

By Rana Foroohar July 21, 2016

Top HSBC Banker Arrested for Rate Rigging

Investigators say Mark Johnson and another British banker "wove a web of lies" to cover up their fraud

By Simon Lewis July 21, 2016

British Foreign Secretary Boris Johnson Had Mistakes in His Book

He claimed that London invented the internet.

By Belinda Luscombe July 14, 2016

Student Withdraws Millions In Banking Glitch

She reportedly blew $750,000 on handbags and luxury items alone, but a magistrate says she didn't take the money—she was given it

By Mark Rivett-Carnac May 6, 2016

Why The New Banker Compensation Rules Aren't Enough

More work needs to be done to strengthen our financial system

By Rana Foroohar April 22, 2016

How Your Checking Account Affects Your Mood

It's even more important than your income

April 15, 2016

World's Wealthiest Banker Charged With Corruption in Brazil

Joseph Safra allegedly bribed officials to get a reduced tax bill

By Nash Jenkins March 31, 2016

Japan Is a Disturbing Cautionary Tale for America and the World

This is what happens when economies rely on easy money but don't follow through with the hard work of reform

By Rana Foroohar February 23, 2016

Fed Rejects Colorado's Attempt to Create Marijuana Bank

The U.S. Treasury Department issued rules last year regarding how banks can accept pot money

By NBC News October 22, 2015

Goldman CEO Has 'Highly Curable' Lymphoma

He'll continue to lead the firm

By Claire Groden September 22, 2015

This Is the Most Valuable Bank In The World

Forget the big investment banks, it's all about the basics here.

By Laura Lorenzetti / Fortune July 23, 2015

Doing Business In Cuba Just Got A Whole Lot Easier

A Florida bank established the first connection with a Cuban counterpart since President Obama's December decision to open up relations between the two nations. Stonegate Bank and Banco Internacional de Comercio S.A. (BICSA) signed a...

By Laura Lorenzetti / Fortune July 22, 2015

This Major New Banking Rule Takes Effect Today

The Volcker Rule is meant to prevent banks from making certain risky bets

By Dan Roberts / Fortune July 22, 2015

Here’s How Many Americans Sleep With Their Smartphones

Smartphone reliance is growing

By Claire Groden / Fortune June 29, 2015

The Elizabeth Warren Vs Jamie Dimon Feud Is Heating Up

The banker and the senator exchange a war of words

By Chris Matthews / Fortune June 12, 2015

Why MasterCard Should Buy American Express

It's the smartest way to take on Visa

By S. Kumar June 5, 2015

JPMorgan CEO Jamie Dimon Has a Brand New Title

It's a rare achievement among bank executives

By Daniel Roberts / Fortune June 3, 2015

The Lies Hiding in Your 401(k)

Our retirement system is as hard to understand, opaque, and predatory as ever

By Greg Smith June 1, 2015

Why Hillary Clinton Prefers to Talk About Community Banks

Like many Democrats, Hillary Clinton has talked tough about reining in mega banks. But as her presidential campaign has gotten underway, she's focused on the homier side of the financial industry: community banks. At a...

By Sam Frizell May 21, 2015

Why Using an ATM Is More Dangerous Than Ever

Breaches have risen dramatically very recently

By Daniel Roberts May 20, 2015

New Survey Confirms Exactly What Everybody Hates About Wall Street

Almost a quarter of bankers said they'd break the rules

By Dan Kedmey May 19, 2015

How to Fix Finance Once and for All

Changing the way financial institutions operate will require more than calculations and complex regulation

By Rana Foroohar May 8, 2015

Why Bad Bank Service Means You Could Pay More

We want more attention, they want more money

By Martha C. White April 24, 2015

Emma Thompson Reconsiders Taxes After HSBC Scandal

Thompson's husband Greg Wise said the couple are "not paying a penny more until those evil bastards go to prison"

By Kevin McSpadden February 26, 2015

This Will Change the Way You Use Your Visa Card Forever

It could majorly cut down on theft and fraud

By Dan Mitchell February 18, 2015

Hackers Steal $1 Billion in Brazen Attacks

A prominent cybersecurity firm says that thieves have infiltrated more than 100 banks in 30 countries over the past two years

By Matt Vella February 15, 2015

What's Really to Blame for Weak Economic Growth

Finance is a cause, not a symptom, of weaker economic growth

By Rana Foroohar February 13, 2015

The Future of Cyber Security

Anthem, J.P. Morgan hacks could lead to tougher online security.

By Massimo Calabresi February 9, 2015

Five Best Ideas of the Day: December 11

1. A rule in the Affordable Care Act could make hospitals safer. By Mike Corones at Reuters 2. As U.S. influence in the Middle East wanes, the United Arab Emirates is stepping up. By Steven...

By The Aspen Institute December 11, 2014

Study Suggests Banking Industry Breeds Dishonesty

Bank industry culture “seems to make [employees] more dishonest,” a study author says

By Maya Rhodan November 19, 2014

Feds Probe J.P. Morgan Over Foreign Exchange Trading

The criminal investigation is looking at foreign-exchange trading activities and controls

By Nolan Feeney November 3, 2014

European Commission Fines Banking Cartel $120 Million

JPMorgan will pay the lion's share, followed by UBS and Credit Suisse

By Dan Kedmey October 21, 2014

People Can Now Pay Each Other Via Twitter in France

Digital payments in 140 characters or less

By Laura Stampler October 14, 2014

Banking by Another Name

Traditional lenders aren't doing their job. Enter a raft of startups to do it for them

By Rana Foroohar October 9, 2014

PayPal Co-Founder Takes Aim at Credit Card Industry With New Startup

“You have to have a credit card. You have to use it. You are going to get screwed and you know it."

By Dan Kedmey September 27, 2014

Banking Is for the 1%

Can’t get credit? You aren’t the only one. Why banks want to do business mainly with the rich

By Rana Foroohar August 21, 2014

Regulators: Wall Street's Big Banks Still Too Big to Fail

The biggest banks still don't have adequate bankruptcy plans to avoid precipitating another economic crisis, said U.S. regulators

By Sam Frizell August 6, 2014

How Big Banks Are Finally Getting It Right

It was known as the $39 cup of coffee: Swipe your debit card to pay for your latte and drop your bank account balance into the red, triggering an overdraft fee in the process. Now,...

Deutsche Bank Confirms It Has Subpoenaed Tax Returns

World Bank Appoints Trump Nominee As President

Democrats Target Delay of Payday Lending Rule

Bill Would Let Americans Get Checking Accounts at the Post Office