Paige Smith

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Schwab Falls On Results As CEO Says No One ‘Kidding Themselves'

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The company's shares tumbled after a year of interest rate hikes hurt its balance sheet.

Vanguard Spurns Bitcoin ETF, Schwab Dives Right In, While Merrill Evaluates

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Charles Schwab said it will offer trading in bitcoin ETFs across exchanges.

Citi Suit Raises #MeToo Allegations At Wall Street's Top Levels

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The lawsuit challenges the bank's efforts to present a picture of greater gender equality.

Bank Of America To Pay $12 Million Over Reporting Of False Mortgage Data

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Some of the bank's loan officers allegedly failed to ask applicants about their race, ethnicity and sex and then lied about it.

Mastercard Reports Higher Consumer Spending With Expenses Rising

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Consumers have so far bucked analysts' expectations, spending more on travel and entertainment amid rising rates.

Amex Profit Hits Record As Customers Flock To Pricey Cards

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During the quarter, the company announced it will add more perks to its Business Gold Card.

Schwab's Net Interest Revenue Falls 24% From Client Cash Moves

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The Fed's interest rate hikes over the past year and a half have pressured Schwab's banking arm.

Credit Scores Got A Boost In Pandemic But Lenders Should Be Wary

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Since bottoming out during the pandemic, loan defaults and delinquencies remain scarce by historical standards.

BofA To Pay $250 Million Over Extra Fees, Unauthorized Cards

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Regulators say the bank double-dipped on fees for customers with insufficient funds in their accounts.

More Americans Are Getting Auto Loans That Exceed The Worth Of Their Cars

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The loan-to-value ratios could be foreshadowing higher delinquencies ahead.

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