Discover Financial Services has reportedly reached an agreement with the Federal Deposit Insurance Corporation (FDIC) to improve consumer compliance. This development resulted in a 7%...
Generative artificial intelligence (AI) is experiencing a rocket-propelled growth, and there are a few firms helping determine that ship’s trajectory. Among them is British chip...
Jamie Dimon, the chairman and CEO of J.P. Morgan Chase & Co., has reportedly voiced his criticism of the stricter capital rules proposed by U.S. regulators....
The American job market is still tight, at least according to one new measure. Data released Thursday (Sept. 7) by the U.S. Labor Department showed the...
Consolidation in the U.S. banking sector is expected to be limited in the near future due to high interest rates and regulatory pressures, according to Citizens...
American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private...
Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to...
Higher rates. A bit more muted consumer sentiment. The paycheck-to-paycheck pressures continue. On Friday (Aug. 25), the final reading of the University of Michigan’s survey on consumer...