[WASHINGTON] The US Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a US$660 billion emergency loan...

[NEW YORK] American taxpayers bailed out the major banks during the 2008 global financial crisis that they helped create. But more than a decade later, amid an unprecedented economic shock, those...

[NEW YORK] Questions are building about whether big US banks will have to cut dividends later this year, as the coronavirus crisis puts a record portion of Americans out of work, making it...

[WASHINGTON] Top US banks have threatened to give the federal government's small-business rescue program a miss on concerns about taking on too much financial and legal risk, five people with...

[BENGALURU] With New York city poised to follow San Francisco with a "shelter in place" order over fears of the coronavirus spreading, anxiety is rising inside major US banks about differing work-...

[NEW YORK] The economic wallop from the coronavirus offers an opening for large US banks to win back points from the public after the industry was pilloried over the 2008 financial crisis.

[LONDON] The unwillingness of the top four US banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in US money market rates, the...

[WASHINGTON] A US banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall...

US President Donald Trump's attacks on the US Federal Reserve make financial markets cringe, but his demand for zero interest rates makes banks sweat.

[WASHINGTON] The US banking sector reported US$62.6 billion in profits in the second quarter of 2019, an increase in profit levels from the prior year, according to data from the Federal Deposit...