Paige Smith

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Americans Are Racking Up 'Phantom Debt' That Wall Street Can't Track

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Consumers have embraced 'Buy Now, Pay Later' products that allow them to pay for purchases in installments.

Americans Sick Of 0.01% Yields Create New Dilemma On Wall Street

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Banks are under increased pressure from consumers to pay out more for deposits.

Schwab Revenue Tops Estimates Even As Net New Assets Decline

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The Westlake, Texas-based firm reported $4.74 billion in net revenue for the three months though March.

Robinhood Unveils Credit Card In Further Push Beyond Trading

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The commission-free trading platform is looking to become a broader financial services company.

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.

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