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Finance

Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say

The Consumer Financial Protection Bureau's Trump-appointed leadership plans to fire nearly all its 1,700 employees while "winding down" the agency, according to testimony from...
Finance

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off...
Finance

Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered

Office of Management and Budget (OMB) Acting Director Russell Vought speaks with reporters during a press briefing at the White House in Washington, U.S.,...
Finance

Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP...
Finance

‘This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDUnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless...
Finance

Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’

Justin Sullivan | etty ImagesThe U.S. Justice Department on Tuesday sued Visa, the world's biggest payments network, saying it propped up an illegal monopoly...
Finance

JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on...
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