Banks

China's central bank said Monday it had urged several payment firms and banks to crack down on cryptocurrency speculation, adding to calls from Beijing for restrictions on bitcoin and other digital currencies.The People's Bank of China said…

Mike Schenk, chief economist for the Credit Union National Association, said he didn't have extensive data on what the credit unions were doing. However, when he called several credit unions, he found that "most of them no longer charge…

Wilkins also stressed the economic risk of holding debts like Mississippi's. The racist subordination of nearly half of the state's population represented "an endless economic weight that must reduce the fiscal attractiveness of the…

Mr. Hwang had worked under billionaire hedge fund titan Julian Robertson at Tiger Management and made him one of the company's famous alumni, or "cubs," when he started his own fund, Tiger Asia. However, in 2012 he faced an inside…

Here’s what you need to know:The debate over whether to extend the Federal Reserve’s capital exemption for banks had been a heated one.Credit...Stefani Reynolds for The New York TimesThe Federal Reserve announced on Friday that it would…

The intense interest in cryptocurrencies and the Covid-19 pandemic have sparked a debate among central banks about whether they should issue their own digital currencies.China has led the way in developing its own digital currency. It has…

Here’s what you need to know:JPMorgan Chase is halting all political donations from its PAC for six months.Credit...Justin Lane/EPA, via ShutterstockBig businesses often donate to both political parties and say that their support is tied to…