Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, ...

For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential ...

As the 2024 election approaches, the banking sector is paying close attention to who controls the White House, both houses of ...

Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial ...

Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 ...

The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving ...

The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent ...

Federal Reserve Governor Michelle Bowman said she believes there is a feasible path forward for the revised capital reform ...

Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large ...

The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital ...

Banks could help ease the liquidity crisis facing some companies that service Ginnie Mae mortgages, but are currently prevented from doing so by the agency's rules. A simple fix would benefit everyone ...

The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.