Browsing: takes

First Interstate Bancsystem is taking a $49.3 million hit from a loan to a troubled distribution company, a charge-off that one analyst described as larger than…

CFPB cracks down on rewards tacticsAbout 90% of all credit card spending is on rewards cards. But according to the CFPB, an increasing number of consumers have reported…

Dime Community Bancshares repositioned its securities portfolio. Dime Community Bancshares joined a growing list of lenders that repositioned their securities portfolios in 2024 by selling low-yielding…

Brandon Bell | Getty Images News | Getty ImagesA Labor Department rule that shields retirement savers from getting harmful investment advice is at risk of being…

From left, Federal Reserve vice chair for supervision Michael Barr, Federal Deposit Insurance Corp. chair Martin Gruenberg and acting director of the Office of the Comptroller…

Enjoy complimentary access to top ideas and insights — selected by our editors. In the wake of President-elect Donald Trump’s Nov. 5 win, change has become…

The Los Angeles-based company behind a well-known cash-advance app went on a wild 18-hour ride late Tuesday and early Wednesday.After the stock market closed on Election…

A Supreme Court ruling from earlier this year could play a pivotal role in the banking industry’s challenge to an Illinois swipe fee law.Lawyers representing both…

Unlock the Editor’s Digest for freeStandard Chartered is taking legal action against several of its own investors, including a hedge fund run by DE Shaw, in…