SBA temporarily shuts out big banks and businesses from Paycheck Protection Program

For eight hours, only smaller banks were able to process applications.
How can regulators make sure small businesses are the ones getting this money?
Cindy Ord/Getty Images

House subcommittee scrutinizes diversity at biggest banks

Feb 12, 2020
Reforms after the financial crisis haven't brought dramatic change.
Has Wall Street really become more diverse since the 2008 recession?
Spencer Platt/Getty Images

Bank CEOs ask Congress to loosen capital requirements

Apr 11, 2019
For the first time since the financial crisis, the CEOs of the largest US banks testified to the House Financial Services Committee. James Gorman of Morgan Stanley, Jamie Dimon of JPMorgan Chase and Bank of America’s Brian Moynihan asked Congress to…
CEO of Citigroup, Michael Corbat (L), chairman and chief executive of JPMorgan Chase, Jamie Dimon (2ndL) and others are sworn in to testify before the House Financial Services Committee on accountability for mega banks on Capitol Hill in Washington, DC on April 10, 2019.
Mandel Ngan/AFP/Getty Images

As relaxed regulations spur credit union memberships, banks cry foul

Apr 3, 2019
The two sides will meet soon in federal appeals court.
At the Move Your Money March in the downtown Los Angeles financial district in 2011, Occupy movement members called for people to move their money from banks to credit unions.
David McNew/Getty Images

Lloyd Blankfein changed Goldman Sachs. Will David Solomon keep it up?

Jul 17, 2018
Goldman Sachs reported quarterly profits today, beating analyst expectations. As is often the case on Wall Street, the ups were no match for the downs — like heavy legal expenses and weak trading results. But the big news for the bank…

With Fed giving Wells Fargo good marks on its financials, the bank tries to look beyond recent scandals

Jul 2, 2018
Wells Fargo has seen its share of bad headlines recently … from news it opened fake accounts, to a payout of $1 billion to settle claims of improper mortgage and auto lending practices. But there was a bright spot for…

Here’s what bank earnings tell us about the economy

Apr 12, 2018
The fundamentals of this economy are strong right now but you wouldn’t always know it from the stock markets lately. Volatility has been the word of recent weeks. But on Friday big banks including JPMorgan Chase and Citigroup are expected…

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What taxi ride data reveals about the NY Fed and big banks

Apr 12, 2018
An analysis of taxi data suggests the possibility of increased communications around Federal Open Market Committee meetings.
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Should credit card companies tackle gun sales?

Feb 20, 2018
Andrew Ross Sorkin had an interesting column in the New York Times yesterday — a business and economic take on how to make mass shootings less common. PayPal and Square, Sorkin pointed out, decided years ago not to let people…

The New York Fed president is first among equals

Nov 6, 2017
Regulating the big banks is only part of the job.
New York Federal Reserve President William Dudley is the chief regulator for New York's big banks.
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