The House Oversight Committee led by Republican Chairman James Comer has issued subpoenas to several major banks requesting financial records belonging to the Biden family, while Democrats on the committee have accused Comer of withholding information and playing political games.
Last week, 25 of the largest banks in the United States recorded a $90 billion outflow of deposits after initially seeing an increase in deposits following the collapse of Silicon Valley Bank (SVB).
China and Brazil have signed a deal to trade in their own currencies, bypassing the U.S. dollar as an intermediary, to reduce costs and promote bilateral trade.
A study from the Social Science Research Network (SSRN) revealed that 186 banks could collapse if half of their uninsured depositors withdraw their funds.
JPMorgan Chase is piloting a new payment technology that will allow customers to pay using biometric scans of their face or palm, with the bank hoping to expand the system if successful.
A Chinese bank provided Republican Senator Ron Johnson with Biden family bank records while US banks refused, revealing potential conflicts of interest and allegations of corruption.
Of all the non-Tesla electric vehicle startups that have emerged over the past decade, few have garnered as much attention — or burned through as much investor cash — as Rivian, a maker of high-performance EV trucks.
Customers of small U.S. banks pulled a record $119.9 billion of deposits in the seven days ending March 15, data released by the Federal Reserve showed Friday.
