Current

Key insight: Federal Deposit Insurance Corp. officials wound down Chicago-based Metropolitan Capital Bank & Trust Friday, brokering a sale of most of the bank's assets to Detroit-based First Independe...

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The deci...

SUNRATE, the global payment and treasury management platform, announced the acquisition of an experienced payments team with more than a decade of industry experience, along with its mature acquiring ...

Corporate credit cards may seem mundane, but adding Brex to Capital One’s credit card platform, which now includes Discover, and applying its technology-first approach creates big opportunities for th...

Some European policymakers have floated the idea of selling off US debt as a way of combating US belligerence, but it may be much more difficult in practice. The United States’ geopolitical brinkmansh...

Affirm announced that it has submitted applications to the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation to establish Affirm Bank, a proposed Nevada-chartered in...

Private credit has surged in popularity since post-financial crisis regulations discouraged banks from serving riskier borrowers. JPMorgan Chase CEO Jamie Dimon warned after a pair of private credit-b...

Some of the world’s largest banks posted their final earnings for the 2025 fiscal year this week. The most surprising narrative from firms like Citigroup, JPMorgan Chase, Bank of America, BNY, Wells ...

Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition f...

Blackstone stock fell 5.6% on Wednesday after President Trump said in a Truth Social post that he will be "taking steps to ban institutional investors from buying more single-family homes."