Federal Reserve officials were warily eyeing a surge in coronavirus cases at their Dec. 15-16 meeting, but they hoped that vaccine breakthroughs might set the…View More Fed Officials Fretted Over Virus Surge at December Meeting
Visa dominates the lucrative business of processing debit card transactions. Merchants must choose between paying the financial services company’s fees or foregoing sales to the…View More Opinion | Visa Is Doing What Big American Companies Do to ‘Protect This Business’
Citigroup became the first giant United States bank to definitively tee up a takeover of its leadership by a woman on Thursday, when it named…View More Citigroup Puts a Woman in Line to Be Its C.E.O.
The heads of America’s largest banks have been some of the country’s most prominent optimists over the past two years, shooing away questions about the…View More Big Banks Were the Loudest Optimists. They’re Getting Quieter.
By Brian M. Rosenthal [Read Part 1 of The Times’s investigation: How Reckless Loans Devastated a Generation of Taxi Drivers] At a cramped desk on…View More As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money
Good Thursday. (Want this by email? Sign up here.) Advocacy group grades banks as failing on guns Guns Down America, a gun-control advocacy group, has…View More DealBook Briefing: Banks Get a Failing Grade on Guns
The Federal Reserve is sufficiently concerned about the health of the economy that it has hit the pause button on further interest rate increases, and…View More Opinion | Condemned to Repeat the History of Bank Failures?
The momentum behind the American economy is strong. In 2018, unemployment hit its lowest rate in 49 years, 3.7 percent. Real wages were (finally) increasing…View More Opinion | The Shutdown Isn’t the Only Threat to the Economy
Late last month, Ritchie J. Torres, a popular city councilman from the Bronx, introduced a bill that would forbid certain businesses in New York from…View More How the Cashless Economy Shuts Out the Poor