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Byline: Ken Sweet-AP Business Writer

12 Jul

Big bank quarterly results show signs of consumers slowing down spending

published on July 12, 2024 - 1:23 PM

(AP) — Signs of consumers slowing down their spending and falling behind on their bills weighed down shares of the

10 Jul

Government fines Citigroup $136 million for failing to fix longstanding internal control issues

published on July 10, 2024 - 2:29 PM

A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient

18 Jun

Apple kills off its buy now, pay later service barely a year after launch

published on June 18, 2024 - 1:45 PM

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in

17 May

Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

published on May 17, 2024 - 2:46 PM

(AP) — Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits and political and

15 Feb

US eases restrictions on Wells Fargo after years of strict oversight following scandal

published on February 15, 2024 - 2:32 PM

The Biden Administration eased some of the restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its

07 Feb

New York Community Bancorp tries to reassure investors as stock continues to wobble

published on February 7, 2024 - 1:45 PM

(AP) — New York Community Bancorp tried to reassure investors Wednesday that it is financially sound, a day after the

15 Jan

Boeing to increase quality inspections on 737-Max following Alaska Airlines blow out

published on January 15, 2024 - 2:18 PM

Boeing told employees Monday that it plans to increase quality inspections of its 737 Max 9 aircraft, following the failure

10 Jan

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

published on January 10, 2024 - 2:14 PM

The Securities and Exchange Commission reluctantly approved the first exchange-traded funds that hold bitcoin Wednesday, saying it is still deeply

08 Nov

Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million

published on November 8, 2023 - 2:05 PM

(AP) — Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said

20 Sep

Homeowners face rising insurance rates as climate change makes wildfires, storms more common

published on September 20, 2023 - 2:47 PM

(AP) — A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only