Rural bank branches more scarce than ever

Dec 3, 2019
The Federal Reserve found that over 40% of rural counties lost bank branches in the five years to 2017.
Saul Loeb/AFP/Getty Images

Banks are raking in dough, analysts say, and their earnings are expected to confirm that

Oct 11, 2017
On Thursday, we’ll know how the big banks are doing when earnings reports come out for the third quarter. Most analysts are expecting record profits of more than $21 billion. Click the audio player above to hear the full story.

New Yorkers want to know: What’s your cybersecurity plan?

Aug 29, 2017
There are some new regulations going into effect for financial institutions licensed by the state of New York this week. That’s for some banks, big insurance companies and all kinds of financial firms. The rules are about cybersecurity, specifically. They…

Ten years after the financial crisis, the feds say some banks need a break

by
Aug 23, 2017
The Federal Reserve, the Federal Deposit Insurance Corp. and the Comptroller of the Currency all announced yesterday that they would hold off on implementing a set of regulations on small to medium size banks, sometimes called community banks. The idea…

Changes at the top for Wells Fargo

Aug 17, 2017
Scandal-besieged Wells Fargo seems to be cleaning up its act. It’s replacing three of 15 board members, including the chairman. Stephen Sanger will step down at the end of the year and current Vice Chair Elizabeth Duke will take his…

New research shows financial crises weigh on younger investors

Aug 17, 2017
Some new research out today by the Wells Fargo Investment Institute points to some significant differences in investment behavior between generations. For Gen Xers and millennials, the looming specter of the financial crisis is causing them to be more conservative…

Banks are rethinking their premium credit card offerings

Aug 15, 2017
Bank of America plans to launch a new premium rewards credit card next month. The bank is entering a crowded field of similar products from American Express and Chase, whose Sapphire Reserve card made headlines for its initial 100,000-point sign-up…
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When did the financial crisis begin? Some say August 9, 2007 — in France

Aug 9, 2017
The French bank BNP Paribas was a key figure in the crisis.
A view of the French bank BNP Paribas back in early 2008.
ERIC PIERMONT/AFP/Getty Images

Ex-Im Bank sparks fight over its role and leader

Aug 3, 2017
There’s a sharp division in the Republican Party between libertarians, who believe in free markets without government interference, and more mainline, pro-business Republicans, who want the government to intervene in markets to help U.S. businesses. The latest example of this? The…

Wells Fargo scandals could mean sweeping consequences

Aug 1, 2017
First, there was a scandal over millions of fake Wells Fargo accounts that broke last year. Then, accusations of changes to mortgages without notifying customers. Now, Wells Fargo faces a class-action lawsuit over selling car insurance policies to hundreds of…