Pete Schroeder

West Virginia has barred five major financial institutions, including Blackrock Inc and JPMorgan Chase & Co , from new state business after determining that they were boycotting the fossil fuel industry.

A key regulatory panel will delay consideration of a broad stablecoin regulation bill for several weeks amid banking industry pushback and late tweaks to certain provisions, according to sources familiar with the matter.

Issuers of so-called "stablecoins," virtual currencies whose value is pegged to traditional currencies, would face bank-like regulation and oversight under a draft bill from senior U.S.

The U.S. Treasury on Tuesday said it was seeking comment on the on the risks and opportunities posed by digital assets as it seeks to prepare a report for President Joe Biden on the implications of developments such as cryptocurrencies.

Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S.

Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S.

Republican-led states have unleashed a policy push to punish Wall Street for taking stances on gun control, climate change, diversity and other social issues, in a warning for companies that have waded in to fractious social debates.

Wall Street ticked upward while oil continued to slide on Wednesday as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large rate hike at their June meeting.

The U.S. commodities regulator announced on Thursday it had filed civil charges against a South African man and his company for operating a fradulent commodity pool worth over $1.7 billion in bitcoin.

The U.S. Federal Reserve is due to release the results of its annual bank health checks on Thursday.

Large U.S. banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors.

Six of the nation's largest financial institutions, including JPMorgan Chase, BlackRock Inc, and Wells Fargo, may no longer be allowed to do business with the state of West Virginia, after its treasurer warned them they were facing bans over perceived boycotts of the fossil fuel industry.

A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to a fintech called Reserve Trust.

A bipartisan pair of U.S. senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading Commission (CFTC).

The head of the U.S. Senate Banking Committee on Tuesday called on Wells Fargo & Co Chief Executive Charles Scharf to "finally" address weaknesses at the bank, including "governance, risk management, and hiring practices." .

U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion, as larger firms grew their loan loss provisions in response to heightened economic and geopolitical uncertainty, the Federal Deposit Insurance Corporation reported Tuesday.

U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion, as larger firms grew their loan loss provisions in response to heightened economic and geopolitical uncertainty, the Federal Deposit Insurance Corporation reported on Tuesday.

Michael Barr, the second person nominated by Democratic President Joe Biden to be the Federal Reserve's Wall Street cop, will appear before the Senate on Thursday to make the case for why he should take on the central bank's sweeping regulatory portfolio.

Michael Barr, the second person nominated by Democratic President Joe Biden to be the Federal Reserve's Wall Street cop, appeared before the Senate on Thursday to make the case for why he should take on the central bank's sweeping regulatory portfolio.

Michael Barr, the second person nominated by Democratic President Joe Biden to be the Federal Reserve's Wall Street cop, looked to be on a path to confirmation after testifying before the Senate on Thursday.

U.S. Democratic Senator Joe Manchin, who on occasions votes against his party in the evenly split Senate, said on Tuesday he intends to support Michael Barr for Federal Reserve vice chair for supervision.

Former President Donald Trump announced Saturday he was backing Pennsylvania state Senator Doug Mastriano in that state's 2022 governor's race.

The U.S. Federal Reserve said Friday the U.S. banking system remains strong despite heightened volatility and geopolitical risk, but cautioned them against prime brokerage services that come with heightened risk.

A trio of U.S. banking regulators unveiled Thursday a renewed attempt to update fair lending rules for banks, with an eye toward modernizing the rules to reflect the rise of online banking while clarifying requirements for the industry.

U.S. stocks tumbled on Friday while the U.S. dollar hit a more than two-year high as investors prepared for a bevy of interest rate hikes in a global inflation fight.

Wall Street reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the U.S.

Wall Street reversed course and turned negative on Thursday and bond yields surged as Federal Reserve Chairman Jerome Powell suggested the U.S.

Wall Street ended the day lower in a choppy trading day on Monday, while U.S.

Wall Street opened higher Monday while U.S. Treasury yields hit three-year highs as investors eyed corporate earnings and what Russia's invasion of Ukraine could mean for global growth.