banking

Cryptocurrency transactions need to return to its decentralized roots.

A lot of attention has been paid to Ben Bernanke's Nobel, but the theories of banking by Douglas Diamond and Philip Dybvig, who also won a Nobel, also need to be looked at again.

Is it permissible for the United States Postal Service to offer 'postal banking'?

Large Wall Street banks have been running “war game” drills in their trading businesses and preparing clients for unexpected scenarios around next week’s elections, hoping to avoid

Goldman Sachs is adopting a performance review system that will grade up to 10 percent of its 39,000 employees as under-performers this year, according to an internal memo sent on Monday, potentially leading to more job cuts in 2021 than the bank has made in recent years. The Wall Street bank’s new head of human …

Bank of America’s profits plunged by more than half as it set aside more than $5 billion in capital to brace itself against possible loan defaults in the coming months. The nation’s No. 2 lender on Thursday reported earnings of $3.53 billion, or 37 cents per share versus $7.35 billion, or 27 cents a share, …

JPMorgan Chase’s closest local rival in the race to lend out US coronavirus loans wasn’t Citigroup or BNY Mellon — it was a tiny, tech-savvy lender based in New Jersey. Jamie Dimon’s megabank handed out nearly $29 billion of government money to small businesses during the throes of the pandemic shutdown — the most of …

The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because …

The coronavirus crisis could make America’s banks an easy target for bandits, a federal regulator warns. Requiring people to wear face masks in public amid the pandemic creates a “very real risk” of a spike in bank robberies, according to Brian P. Brooks, the US Treasury’s acting comptroller of the currency. Brooks issued the warning …

Banks raked in $10 billion in fees for handing out US-backed loans to shore up small businesses battered by the coronavirus — despite taking on little to no risk on the deals, a new report says. The feds paid banks for serving as intermediaries for the $349 billion Paycheck Protection Program, which allowed any federally …