Banking

Stacy Cowley, business reporter for the New York Times, says a combination of negligence and lack of regulation has led to hundreds of people losing millions of dollars in valuables.

The move carries risks but takes the burden of annual reviews off relatively smaller banks.

Amazon Credit Builder will offer secured credit lines to those without strong credit who put down a security deposit to borrow against.

Fidelity's parent company is trying to give customers a little more control over what data the apps can retrieve.

For the first time since the financial crisis, the CEOs of the largest US banks testified to the House Financial Services Committee. James Gorman of Morgan Stanley, Jamie Dimon of JPMorgan Chase and Bank of America’s Brian Moynihan asked Congress to lower the high capital requirements. They say the rules, put in after the financial crisis, […]

The two sides will meet soon in federal appeals court.

JPMorgan Chase just announced that it’ll open 90 new branches by the end of the year.

What is the bank reacting to?

BB&T Corp. is buying its competitor, SunTrust Banks, in an all-stock deal. The merger of the two southeastern U.S. regional banks is the biggest in the consumer-banking sector since the financial crisis. To some extent, the merger’s the product of the grow-or-die environment for consumer banks — that only by joining forces can the banks compete […]

Experian says consumers who let the firm monitor their checking accounts could get easier access to credit.