Banking and Financial Institutions
JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs
President Trump’s wave of tariffs threatens to bring both short-term economic pain, including lower growth, and long-term damage to America’s standing and trade relationships around the world, the chief...
Trump’s Trade War Raises Bar for Fed Rate Cuts
President Trump’s global trade war has significantly raised the bar for the Federal Reserve to lower interest rates, as tariffs risk worsening an already knotty inflation problem while also...
Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth
Jerome H. Powell, the chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a...
Capital One Deal for Discover Clears Justice Dept. Hurdle
Capital One cleared a significant obstacle to its proposed acquisition of Discover Financial Services after the Justice Department told regulators that it doesn’t see sufficient competition concerns to block...
As Trump Stokes Uncertainty, the Fed Asks Businesses Where It Hurts
Chris Bergen, who runs a commercial greenhouse business in northern Minnesota, finds himself “walking a tightrope” roughly two months into President Trump’s second term. Acute uncertainty about how the...
Charlie Javice Found Guilty of Defrauding JPMorgan in $175 Million Acquisition
Charlie Javice, who made big headlines in 2023 when JPMorgan Chase accused her of faking her startup’s customer list, was found guilty in federal court Friday of fraud. .She...
Consumer Bureau Seeks to Undo Settlement and Repay Mortgage Lender
Under President Trump, the Consumer Financial Protection Bureau has dropped nearly a dozen enforcement cases brought during the Biden administration, ending lawsuits against banks and lenders for a variety...
Trump’s Crypto Venture Introduces a Stablecoin
World Liberty Financial, the cryptocurrency company started by Donald J. Trump and his sons, announced on Tuesday that it was planning to sell a digital currency called a stablecoin,...
Leaked War Plans, and the Trouble with Off-channel Messaging
A Signal leakBy far the biggest story of the day is The Atlantic’s stunning revelation that Pete Hegseth, the defense secretary, discussed sensitive Yemen bombing plans with other senior...
How Consumers Can Protect Themselves With the CFPB on Pause
With the government seemingly stepping back from regulatory duties, consumers may have to act as their own financial watchdogs.The Consumer Financial Protection Bureau, the independent federal agency created after...
