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Eight years ago, Greg Becker delivered a blunt message to lawmakers in Washington: the bank he ran was not like Wall Street. → Read More
PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. → Read More
Jonathan Ferro drives you through the market moving events from around the world on Bloomberg's The Open. 60 minutes featuring the brightest minds on Wall Street, taking you through the most important hour of the trading day. → Read More
JPMorgan Chase & Co. is planning to launch a digital bank in Germany as its second international consumer outpost, a move that will create a launchpad for the biggest US bank to further expand in Europe. → Read More
Its free checking accounts and generous overdraft provisions could woo cost-conscious consumers and the unbanked. → Read More
Citigroup Inc. is raising its targets for improving the diversity of its executive ranks after surpassing an earlier goal. → Read More
Coming soon from the world’s largest retailer: checking accounts. → Read More
PayPal Holdings Inc. said it will cover employees’ costs to access abortions if they need to travel to receive such care. The decision followed an abortion ruling earlier this year by the Texas Supreme Court, according to a person familiar with the matter. The court upheld legislation that banned abortion after a fetal heartbeat is detected, which can occur as early as six weeks into a pregnancy. → Read More
Russia’s race to avoid default just escalated. → Read More
Mastercard Inc. said it’s expanding an earlier push to tie executives’ bonuses to the company’s environmental, social and governance goals. The firm will now link all employees’ compensation to those goals after earlier only doing so for those at the executive vice president level and above, Chief Executive Officer Michael Miebach said in a memo to staff on Tuesday. → Read More
Citigroup Inc. began scaling back its operations in Russia weeks before President Vladimir Putin even invaded Ukraine. → Read More
New Manhattan workspaces show how employers are embracing shared setups and the perks of home. → Read More
Hackers compromised the Federal Bureau of Investigation’s external email system on Saturday. → Read More
The first woman to lead a top U.S. bank is betting on the wealth business, cutting back global branches, and going slow on the return to offices. → Read More
A bevy of Citigroup Inc. bankers and traders are vying to join a new program that would allow them to spend time working at a Black-owned bank. → Read More
Bank of America Corp. created a new team dedicated to researching cryptocurrencies, marking Wall Street’s latest push to capitalize on investors’ frenzy for digital assets. → Read More
The biggest U.S. banks criticized a pair of proposals designed to help consumers who don’t use their services. → Read More
Banks pulled back after the pandemic, fearful that they would have to eat a bunch of losses. Now they want to be ready when people start traveling again. → Read More
Bank bosses are hoping to leave remote work in the past. → Read More
PayPal Holdings Inc. said it would achieve net-zero greenhouse-gas emissions by 2040 as it looks for ways financial technology can prevent climate change. → Read More