Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified...
Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier,...
European banking giant HSBC is reportedly slowing hiring and asking investment bankers to reduce expenses. It’s part of an effort by CEO Noel Quinn to...
The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those...
As with Mother’s Day last month, consumers have a little less to spend on Dad for Father’s Day this year. Last year saw Americans spend record...
As businesses evolve, so too do the ways in which they pay and get paid. After all, cash flow is the lifeblood of any business....
The high cost of essentials like food, rent and mortgages are weighing on many American consumers, Treasury Secretary Janet Yellen said Thursday (May 23). Yellen said the price increases...
The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer...
It remains to be seen if April will be the pause that refreshes or if consumers will pinch their wallets shut for a longer period, ushering in summer doldrums for...