banks

Banks closed a record number of branches last year as the pandemic pushed more customers to online and mobile banking.

The Dow falls more than 500 points as a report says large global banks were involved in transactions flagged as possible money laundering and hopes dim for Congress to pass another relief measure.

Black-owned financial institutions are a shrinking part of the U.S. financial system. NPR's podcast The Indicator from Planet Money looks at what that means for America's racial disparities.

The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.

More than one million residents have filed for unemployment insurance since March 13, Gov. Gavin Newsom says, as businesses shut down to slow the spread of the disease.

His new hotel's $200 million renovation was financed by Deutsche Bank. The Justice Department is set to impose a multibillion-dollar fine on the bank. And Trump will oversee the Justice Department.

For six years, the Dodd-Frank Act has been rolling out rules intended to tame inappropriate risk-taking by banks. The Trump transition team now says the new administration will "dismantle" the law.

Republicans are pushing to roll back Dodd-Frank because they say it over-regulates the financial industry and hurts growth. Supporters say it has made banks stronger and the financial system safer.