Banking

The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.

A higher unemployment rate and economic turmoil means the number of unbanked households could rise again.

The Federal Reserve found that over 40% of rural counties lost bank branches in the five years to 2017.

Charges are especially high for using out-of-network machines.

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.