Outlets of Santander Bank, already under fire for lending practices, denied mortgages to women, minorities and low-income borrowers in the U.S. Northeast more frequently than nearby banks, according to an analysis by an industry reform group on Thursday.
JPMorgan Chase & Co. is gradually introducing a digital mortgage platform where customers can apply online and track mortgage applications by mobile phone.
U.S. homebuilding fell in January as the construction of multifamily housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track.
President Donald Trump’s review of post-crisis banking rules could sound the death knell for new global standards now being finalized and rip apart a common approach to regulating international lenders, bankers and regulators said.
President Donald Trump will huddle with chief executives of major U.S. companies on Friday as the business community finds itself increasingly split over how to respond to his policies.
Small U.S. firms borrowed slightly more in December than in the prior month, data released on Wednesday showed, but more were repaying existing loans late, suggesting that default rates may rise this year.
The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend remained consistent with tightening labor market conditions.
JPMorgan Chase & Co. and Intuit Inc. said on Wednesday they had reached an agreement to allow the bank’s customers to quickly put account information into Mint, TurboTax Online and QuickBooks Online financial management applications without turning over user names and bank passwords.
Citigroup Inc. mortgage units have been fined $28.8 million for keeping home borrowers in the dark about options to avoid foreclosure and making it difficult for them to apply for relief, the U.S. consumer finance watchdog said on Monday.
U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President Donald Trump.
The U.S. Senate on Thursday took a first concrete step toward dismantling Obamacare, voting to instruct key committees to draft legislation repealing President Barack Obama’s signature health insurance program.
Some U.S. companies are reviewing potential mergers while others are rethinking job cuts or looking at their manufacturing operations in China for fear of being cast as “anti-American” by President-elect Donald Trump, according to Wall Street bankers, company executives and crisis management consultants.
Goldman Sachs Group Inc. has named a new chief information officer as former head Marty Chavez will become chief financial officer of the Wall Street firm.
Wells Fargo’s phony account scandal has spurred a top U.S. bank regulator to count sales practices as a chief risk to the country’s banking system and to embark on a wide-sweeping review of large and mid-sized institutions.
The number of Americans filing for unemployment benefits fell to near a 43 year-low last week, pointing to further tightening in the labor market.
Big U.S. banks are set on getting Congress this year to loosen or eliminate the Volcker rule against using depositors’ funds for speculative bets on the bank’s own account, a test case of whether Wall Street can flex its muscle in Washington again.
A drop in U.S. exports last month pushed the country’s trade deficit in goods higher while the number of Americans filing for unemployment benefits fell last week in a positive sign for the labor market.
Contracts to buy previously owned U.S. homes fell in November to their lowest level in nearly a year, a sign rising interest rates could be weighing on the housing market, the National Association of Realtors (NAR) said on Wednesday.
New U.S. single-family home sales rose more than forecast to a four-month high in November, likely as expectations of higher mortgage rates drew buyers into the market.
Credit Suisse had agreed in principle to pay U.S. authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday.