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 the bank last week when it passed the Federal Reserve’s annual stress test, that measures […]

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 to show strong profits. Click the audio player above to hear the full story. 

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.
Mario Tama/Getty Images

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 use their services to buy guns. What about Mastercard and Visa, he wondered. Or the […]

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.
Rob Kim/Getty Images

Just how much bank did the big banks make in the first quarter? Wall Street is about to find out

Apr 14, 2017
The big banks will start rolling out their first-quarter earnings reports today and expectations are high. But Wall Street will also be looking for clues to a lending mystery: why aren’t banks doing more of it?  Click the audio player above to hear the full story.

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31 of 33 big U.S. banks pass stress tests

Jun 30, 2016
The Federal Reserve will allow many of the nation's biggest banks to return up to two-thirds of net profits to shareholders.
 JPMorgan Chase was one of the banks that passed the Fed's annual stress test.
Chris Hondros/Getty Images

Despite the times, college grads still flock to big banks

Jun 6, 2016
Goldman Sachs received 250,000 applications this hiring season
People run in the rain outside the Goldman Sachs headquarters building December 16, 2008 in New York City.
Chris Hondros/Getty Images