Today's latest breaking news about business and finance including tech, industry, crypto, and the stock market.
The Federal Reserve Board announced approval of an application by BancFirst Corporation, adding another consolidation to the growing list of bank mergers waved through by federal regulators.
The Federal Reserve Board has approved Peoples Bancorp Inc.'s application to merge with Citizens National Corporation, clearing the way for the Marietta, Ohio-based bank to acquire Citizens Bank of Kentucky and establish branches across the Bluegrass State.
The Federal Reserve Board announced the termination of enforcement actions against SNB Bancshares and its subsidiary Bank of Eufaula, quietly closing out regulatory orders that had lingered over the Oklahoma institutions.
The Federal Reserve Board is asking the American people to comment on two proposals that would build the regulatory framework for payment stablecoin issuers under the GENIUS Act, giving the public a direct say in how digital dollars are governed.
Costco has reinvested the majority of $184 million in tariff refunds into lower shelf prices, cutting costs on produce, meat, beverages, home furnishings and hardware in a direct rebate to American shoppers.
A franchisee operating a Village Inn restaurant in Florida has filed for Chapter 11 bankruptcy, listing more than $554,000 in liabilities as rising costs and weak sales batter the casual dining sector.
The parent company of Cato Fashions will close more than 10% of its locations, the latest American retailer to buckle under economic pressure as consumers tighten their belts.
The coffee giant confirms a second major round of closures under new CEO Brian Niccol, following more than 600 locations shuttered last year.
The Federal Reserve Board announced enforcement actions against former employees of Northstar Bank, American Express, and Regions Bank — the latest in a string of actions targeting misconduct at some of the nation's largest financial institutions.
The Federal Reserve Board announced enforcement actions against former employees of Northstar Bank, American Express, and Regions Bank — a rare glimpse into the misconduct that gets people permanently banned from banking.
The Federal Reserve Board announced an enforcement action Friday against a former employee of Sandy Spring Bank, though the central bank's public notice left key details about the individual and the conduct in question unstated.
The Federal Reserve seeks public feedback on regulatory proposals for stablecoin issuers, a step forcing clarity amidst financial uncertainty.
