Citigroup accidentally credited a client’s account with a staggering $81 trillion last April, a blunder that could hamper the bank’s efforts to convince regulators it has addressed longstanding operational deficiencies.
Capital One is taking heat for a “technical issue” that has affected some customers’ ability to access their money online.
Wall Street banks are poised to slash up to 200,000 jobs over the next three to five years as artificial intelligence begins to replace roles once considered irreplaceable.
Dame Alison Rose will be an adviser to what the firm calls its “equity diversity and inclusion committee” working on a diversity push.
Elon Musk’s plan to transform X, formerly known as Twitter, into an “everything app” is coming into clearer focus, with newly revealed documents shedding light on the company’s strategy to integrate a comprehensive payments network into its social media platform.
One of Nigeria’s most prominent bankers, Herbert Wigwe, was killed along with his wife, son, and two others in a Friday night helicopter crash in the California desert.
HSBC, Europe´s biggest bank, has been fined 57.4 million pounds ($72.8 million) for failing to adequately protect customer deposits.
A young bank teller in Houston, Texas, is accused of stealing $180,000 from an elderly customer with whom she built a rapport.
Protesters once again stormed banks in China’s Henan province last weekend, a little over a year after a violent regime crackdown.
PNC Bank is preparing to shut down multiple branches across the nation in February.
Elon Musk aims to once again transform the social media platform “X”, formerly known as Twitter, by introducing dating app features and full banking services, furthering his goal of building an all-encompassing “everything app.”
The NatWest banking group has announced that Sir Howard Davies will be replaced in the wake of the Nigel Farage debanking scandal.
Internal emails have reportedly revealed that Nigel Farage-ally, Richard Tice was also debanked over his political beliefs.
Nigel Farage slams “sick joke” of “corrupt British establishment” as a top debanking executive who resigned in disgrace gets a big payout.
Nigel Farage has been asked to provide evidence to the banking regulator as it expands its investigation into politically-inspired debanking.
Nigel Farage accused banks and regulators of an “establishment stitch-up” to slow-walk investigations into the politically-inspired debanking of his accounts.
A watchdog has demanded that UK banks reveal the number of accounts closed over politics in the wake of the Nigel Farage debanking scandal.
Big banks in the UK have shut down nearly a million accounts over the past year, a paper revealed amid the Nigel Farage debanking scandal.
Banker staff at Monzo, which previously refused to open an account for Chancellor Jeremy Hunt, branded Conservatives as “evil” and “ugly”.
In an attempt to quell the firestorm that erupted over its decision to debank Nigel Farage, Coutts has offered to reinstate his accounts.
Nigel Farage has officially launched a campaign to take on the big banks and to take on the politically-inspired debanking of citizens.
The Tory government is preparing legislation to prevent political debanking and protect freedom of speech from activist lenders.
Nigel Farage has filed an official complaint against the NatWest banking group, accusing the bank of passing personal information to the BBC.
Nigel Farage had his bank account shut over his ties to Donald Trump and for views that Coutts bank felt did “not align with our values”.
The move to debank people could be part of a wider effort to usher in the “tyranny” of a cashless society, Nigel Farage has warned.
The Treasury is set to introduce rules to prohibit banks from dropping customers over their political views after Nigel Farage lost his bank.
“The establishment are trying to force me out of the UK by closing my bank accounts… If they can do it to me, they can do it to you”.
On Tuesday’s broadcast of “CNN This Morning,” Minneapolis Fed President Neel Kashkari stated that we are repeating what we did in 2008 where we made big banks bigger “to preserve near-term financial stability, knowing that it made the problem worse
On Friday’s broadcast of CNBC’s “Closing Bell: Overtime,” Acting Comptroller of the Currency Michael Hsu stated that while the banking system “is sound and resilient” and the money that people have in banks is safe, over the medium and long
During an interview with Bloomberg on Friday, Treasury Secretary Janet Yellen responded to a question on whether she has confidence that no other regional or small banks will fail by stating that she doesn’t want to get into “the situations
On Friday’s broadcast of MSNBC’s “Ana Cabrera Reports,” White House Senior Adviser Mitch Landrieu stated that the “turmoil” in banking has “been managed fairly well so far.” Landrieu said, “Well, there’s no question that the secretary of Treasury in our
On Tuesday’s edition of Bloomberg’s “Sound On” podcast, Rep. Brad Sherman (D-CA) stated that, despite assurances from President Joe Biden and the administration that the banking system is sound, “We don’t know” that because we haven’t assessed the risk of
On Tuesday’s broadcast of the Fox News Channel’s “America Reports,” Fox News Contributor Robert Wolf, who also worked on President Obama’s Economic Recovery Advisory Board and Council for Jobs and Competitiveness and was Chairman for UBS Americas and President for UBS Investment
On Tuesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Rep. Brendan Boyle (D-PA) stated that there is a “banking crisis” that we still do not know the true extent of. While discussing a letter from Democrats in Congress urging the Federal
JP Morgan Chase will take over the assets of First Republic bank after it collapsed in the second American bank failure in the past two months.
Seventy percent of Americans feel financially stressed in President Joe Biden’s America, a CNBC Your Money Financial Confidence survey revealed Tuesday.
Fears of a widespread run on banks have receded.
Protesters in Paris stormed a building housing BlackRock amid ongoing demonstrations against President Macron’s pension reform plans.
In a system of competitive banking, there will always be banks that misjudge the risks they face, and sometimes this will mean they fail.
A vast majority of Americans believe another financial crisis similar to the 2008 financial collapse is “likely,” a CBS News/YouGov poll found Thursday.
