Democrats Try to Salvage IRS Bank-Account Reporting With Scaled-Back Plan
Democrats scaled back a proposal that would require banks to send more information about customers’ accounts to the IRS in...
Commercial Banking
Banks Weigh Alternatives to Libor Replacement as Companies Seek Longer-Term Rates
Some big banks are evaluating if the reference rate that is backed by regulators as the best replacement for the...
Companies Are Hoarding Record Cash Amid Delta Fears
Companies are sitting on a record amount of cash amid lingering uncertainty about disruptions from Covid-19, defying expectations earlier this...
Low-Income Lending Rules Set for Broad Overhaul
Top U.S. banking regulators on Tuesday said they would work jointly to modernize rules governing how banks lend hundreds of...
Juneteenth, Now a Federal Holiday, Puts Companies to Work on a Response
When President Biden signed legislation making June 19, or Juneteenth, a new national holiday, he set off a race inside...
HSBC to Exit Most U.S. Retail Banking
HSBC Holdings PLC will stop serving mass-market individual customers and smaller businesses in the U.S., as the bank shifts its...
If You Thought Working From Home Was Messy, Here Comes Hybrid Work
It took months for bosses and employees to adjust to working remotely in the pandemic. The next era of work...
Fed’s Reversal on Bank Capital Requirements Serves No Purpose
Since the financial crisis more than a decade ago, the general attitude about bank capital has been that there is...
Federal Reserve to End Emergency Capital Relief for Big Banks
WASHINGTON—The Federal Reserve said Friday it would allow a yearlong reprieve for the way big banks account for ultrasafe assets...
Microsoft, Wells Fargo Satisfied Trump Labor Department on Hiring More Black Employees
WASHINGTON—The Labor Department under the Trump administration closed inquiries into Microsoft Corp. MSFT 2.15% and Wells Fargo WFC 0.73% &...
Macy’s, Gap, Neiman Marcus Will Let You Buy Now, Pay Later
Traditional retail chains like Macy’s Inc. that derive much of their income from shoppers who pay with a store credit...
Super Bowl Ads Go for Comedic Catharsis
Most Super Bowl advertisers took a cautious approach with their commercials Sunday night, often trying to project a sunny tone...
