banks

As Interest Rates Rise, Banks Face New Stress Tests

Banks have mostly been tight-lipped about what rising interest rates would mean for earnings, but they'll soon have to open up a little more to regulators and investors.

SEC's Money Market Funds Reform May Result in Higher Fees

Securities regulators vote to propose reforms that would target a portion of the $2.6 trillion money market fund industry.

Why Regulators May Be Eyeing Your Insurer Like a Bank

Federal regulators have proposed that a group of firms that aren't banks be deemed potential threats to the financial system that need stricter government oversight.

86% of Americans Can't Ace This Simple Personal Finance Quiz. Can You?

A new survey by FINRA found that 75% of U.S. adults say they're pros at managing their finances, but only 14% managed to ace a five-question quiz on basic financial concepts.

Checking Account Check-Up: How Does Your Bank Rank?

When it comes to checking accounts, all banks are not created equal -- but which one has the best policies for you? The Pew Charitable Trusts has some answers.

Sales of Bank-Owned Homes Plunge to 5-Year Low in 1Q

Sales of bank-owned homes have plunged to a 5-year low, the latest evidence that the nation's foreclosure woes are easing as the U.S. housing market recovery gains momentum.

Dimon May Leave JPMorgan If Stripped of Chairmanship

JPMorgan Chase Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties.

Bernanke: Fed Increasing Oversight Beyond Banks

The Fed has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another crisis, Chairman Ben Bernanke said Friday.

JPMorgan Faces Federal Probe Over Energy Trading 'Schemes'

The latest federal inquiry to focus on JPMorgan Chase bears uncomfortable similarities to one of the most notorious chapters in U.S. business history: the Enron scandal.

Morgan Stanley Profit Falls, But Beats Wall Street Expectations

Morgan Stanley says profit and revenue dropped in the first quarter, though the results beat Wall Street expectations.

American Express Profit Boosted by Higher Cardmember Spending

Credit card company American Express Co.'s quarterly revenue came in below analyst expectations as cardmember spending growth remained muted.

Bank of America's Quarterly Profit Soars as Revenues Sink

Bank of America's profit soared in the first quarter, helped by mortgages and wealth management, but revenue fell and profits missed expectations.

With Banks Courting Customers, You Can Try Before You Buy

In an effort to be friendlier (and lure customers) banks are giving away services like personal consultations, financial literacy classes and seminars. And that's good for us.

Goldman Sachs Earnings Beat Analyst Estimates

Goldman Sachs reported first-quarter results that beat analyst forecasts thanks to a pickup in stock and bond underwriting.

U.S. Regulator to Fault JPMorgan Over Madoff Accounts

Regulators plan to fault JPMorgan Chase, which served as Bernie Madoff's main bank for two decades, for failing to report suspicious activity, a source says.

U.S. Bancorp's Q1 Earnings Miss Wall Street Forecasts

U.S. Bancorp's first-quarter net income rose 7 percent as lower costs offset falling revenue, shy of most Wall Street predictions.

Wells Fargo Reports 23% Surge in First-Quarter Profits

Wells Fargo reports a 23 percent jump in first-quarter profit as the bank set aside less money to cover bad loans and it held down costs.

JPMorgan Earnings Soar to $6.1 Billion in First Quarter

JPMorgan Chase, the country's biggest bank by assets, says its first-quarter earnings soared to $6.1 billion, even as revenue fell slightly.

Simple: A New Bank for the Online Set

For customers sick of dealing with bank fees and surcharges, a new company called Simple is offering an interesting solution: all-online banking.

Could the U.S. Do Like Cyprus and Seize Bank Deposits?

Cyprus' attempt to raid insured bank accounts has left a bad taste in the mouths of people around the world, and led some to ask: Could it ever happen here in America?

Monday Memo: This Week on the Saving Channel

A preview of what's happening this week on DailyFinance's new Saving Channel, where we bring you the best in money-saving ideas and strategies.

Banks Reopen in Cyprus for First Time in Nearly 2 Weeks

Banks in Cyprus opened their doors on Thursday for the first time in almost two weeks, with tight controls on transactions to prevent a run on deposits.

Prepaid Cards: Banks and Celebrities Love Them ... But Should You?

When financial industry reforms in Washington nixed some of banks' favorite ways to drain extra profits out of your credit and debit cards, they turned to a slightly different piece of plastic: the prepaid credit card. And celebrities are looking to profit from them too.

Gift Cards Are Great, But Watch Out for Those Fees

Depending on the type of gift card you buy, you could end up paying $25 or more in purchase and shipping fees -- and that's before the maintenance fees kick in.

Banks Drop Fees for Hurricane Sandy Victims

With much of the northeastern United States either hunkered down for Hurricane Sandy or evacuating to higher ground, two of the nation's largest banks have given consumers breaks on fees until the storm passes.

Vikram Pandit Quits as Citigroup CEO

Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday after steering the bank through the 2008 financial crisis and the choppy years that followed. Also resigning: President and Chief Operating Officer John Havens. Citigroup offered no explanation for the sudden departures.