Recession tanks European powerhouse's economy amid global inflation squeeze
The International Monetary Fund initially predicted Germany and Britain alone to suffer recessions as inflation remains high across Europe and spending drops in response.
Biden Fed nominee says too little has been done about inflation
The Fed has noted that the job market has a robust supply but warned that if it grew "tight" it might prompt the need for further rate hikes, which the bank is not keen to pursue.
How First Republic rescue, Silicon Valley Bank could cost Main Street America
In wake of recent issues with First Republic and Silicon Valley Bank, community bank leaders tell FOX Business that sharing the financial burden with larger institutions is unfair.
Bank of America customers report 'disappeared' money from accounts after Zelle issue
After a flurry of complaints about missing funds on social media, Bank of America said "there was a delay in posting Zelle transactions" that has now been resolved.
Brian Moynihan added to short list to replace Yellen at Treasury
As rumors spread about Secretary of the Treasury Janet Yellen's departure, Brain Moynihan, the CEO of Bank of America is considered a potential replacement.
Fintech companies acted with 'inexcusable misconduct,' failed to stop COVID fraud, top Dem alleges
Financial technology services companies received billions of dollars through taxpayer-funded PPP loan processing fees with little oversight of who was getting the loans, House lawmakers allege.
Bank of America ups inflation forecast
Bank of America executives told investors on an earnings call Monday that the mega bank has upped its forecast for inflation for the rest of the year.
JPMorgan Chase plans 60-story NYC tower as new 'all-electric' HQ
JPMorgan Chase & Co. announced a major investment in New York City office space Thursday, with plans to build a 60-story building to be its global headquarters.
Bank of America CEO: US economy will normalize in 2023
Bank of America CEO Brian Moynihan predicted the economy could grow by 4% in 2022 and said that it's the Fed's "job" to bring it back to pre-pandemic levels.
Eric Adams scolds NYC big banks for remote work amid COVID surge: 'Can't run New York City from home'
New York City Mayor Eric Adams scolded big banks for sending their Big Apple-based employees back to remote work amid the spread of the highly contagious omicron variant, asserting that the financial powerhouses "can't run New York City from home."