EMILY FLITTER
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Goldman Says U.S. Is Investigating Its Work for Silicon Valley Bank
Hired to help with a capital raise, Goldman Sachs advised SVB to make a move that provoked a public panic and ended with the smaller...
How JPMorgan Became Banking’s Regular Rescuer
The largest bank is also the only one whose stability hasn’t been questioned. Its C.E.O. makes sure of that.
Meet Tim Mayopoulos, the CEO of What Remains of Silicon Valley Bank
The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The Consumer Financial Protection Bureau cited improper overdraft fees, account freezes, auto repossessions and misapplied home loan payments that have harmed millions of consumers since...
New Suit Uses Data to Back Racial Bias Claims Against State Farm
Black customers have long claimed that the nation’s largest home insurer discriminates against them. A lawsuit claims a nine-month study provides some proof.
Where $30 Billion to Fix Systemic Racism Actually Goes
In 2020, JPMorgan pledged to invest significant resources in closing the racial wealth gap. Here is what the bank did, and what it looks like...
Citigroup’s Consumer Bank in Russia Was for Sale. Now It’s Just Closing.
The bank will wind down its retail and local commercial banking services in the country by closing branches and laying off workers.
Wells Fargo Revives Policy That Led to Fake Job Interviews, With Tweaks
The bank will reinstate a requirement to assemble a “diverse slate” of job candidates while adding flexibility, according to an internal memo.
How Wall Street Escaped the Crypto Meltdown
As cryptocurrency prices plunged and funds failed, strict rules on risky assets helped Wall Street companies sidestep the worst. Retail investors weren’t as lucky.
Federal Prosecutors Open Criminal Inquiry of Wells Fargo’s Hiring Practices
Authorities are investigating whether the bank violated federal anti-discrimination laws by conducting sham interviews of minority candidates.
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