Tag: Finance

Incoming NY Fed chief: Bitcoin ‘doesn’t make sense’ as a currency

Joseph Lawler · April 20, 2018 4:50 pm

Wells Fargo agreed to pay $1 billion to settle government probes of its auto-loan and mortgage-lending practices.

Wells Fargo pays $1 billion to settle investigations of auto loans, mortgages

James Langford · April 20, 2018 1:30 pm

General Electric is cooperating with a Justice Department probe of a discontinued mortgage business.

GE reserves $1.5 billion to cover risk in Justice’s mortgage probe

James Langford · April 20, 2018 1:16 pm

Sen. Heidi Heitkamp, D-N.D.

Beltway Confidential

Big banks love funding Heidi Heitkamp, and she loves subsidizing big banks

Timothy P. Carney · April 20, 2018 12:56 pm

A monitor displays General Electric Co. signage on the floor of the New York Stock Exchange earlier this year. While U.S. stocks have climbed overall, the historic manufacturer's shares have tumbled as CEO John Flannery attempts to turn around a company grappling with challenging markets and an influential activist investor.

GE profit surges despite weakening power business

James Langford · April 20, 2018 11:16 am

Wells Fargo's business model is still intact, and the bank is making progress resolving the string of scandals that tarnished its reputation with customers, CEO Tim Sloan told investors on Thursday, May 10, 2018.

$1B penalty for Wells Fargo expected as soon as Friday

Joseph Lawler · April 19, 2018 10:55 pm

JPMorgan promises $4B in loans in major push into DC

James Langford · April 19, 2018 7:10 pm

GOP complains to the Fed about banks cutting off gun companies

Joseph Lawler · April 19, 2018 3:47 pm

Morgan Stanley is the last of the major Wall Street firms to post first-quarter earnings.

Morgan Stanley profit hits record amid Trump-trade worries

James Langford · April 18, 2018 11:43 am

Senate Majority Leader Mitch McConnell of Ky., far left, with from left, Sen. John Barrasso, R-Wyo., Sen. Cory Gardner, R-Colo., Sen. John Thune, R-S.D., and Senate Majority Whip Sen. John Cornyn, R-Texas, meet with reporters following weekly policy luncheons to answer questions on Capitol Hill in Washington, Tuesday, March 20, 2018.

Senate moves to strike down CFPB auto lending regulation

Joseph Lawler · April 17, 2018 7:10 pm

Goldman Sachs is joining a Republican-backed group promoting a carbon tax to address climate change.

Goldman’s stock-trading doubles as Trump policies rattle markets

James Langford · April 17, 2018 12:04 pm

Fannie and Freddie survive another Congress

Joseph Lawler · April 17, 2018 4:01 am