In a dramatic turn of events, Federal Reserve governor Lisa Cook is suing President Donald Trump to prevent his attempt to remove her from office, a legal battle that could shape the future of the Fed's independence.
Amid accusations of misconduct, Lisa Cook, the first Black woman on the Federal Reserve Board, vows to fight Donald Trump's attempt to remove her. With a history of overcoming adversity, Cook's battle highlights issues of justice and representation in finance.
In a surprising call to action, a top Justice Department official has urged the Federal Reserve's chair to remove a board member amid allegations of mortgage fraud, following President Trump's demands for accountability.
President Trump's executive order prohibits banks from discriminating against clients based on political or religious beliefs, raising questions about compliance and potential penalties for the banking industry. Can this order reshape how banks operate?
HSBC's pretax profit dropped 26% in the first half, signaling challenges ahead for CEO Elhedery as losses mount in China. The bank restructures to adapt to changing markets amid a struggling property sector.
Citigroup launches the Strata Elite card for travelers, aiming to compete with top-tier cards like Chase Sapphire Reserve and Amex Platinum. Is the $595 fee justified?
In a rare visit to the Federal Reserve, President Trump clashed with Fed Chair Jerome Powell over the soaring costs of a renovation project, which Trump claims have reached $3.1 billion, raising questions about fiscal management.
Chevron CEO Mike Wirth is banking on a massive acquisition in Guyana's Stabroek Block to rejuvenate the company's performance, amidst legal battles with Exxon and CNOOC over preemptive rights.
Jerome Powell finds himself under intense scrutiny from the White House over a controversial $2.5 billion renovation project for the Federal Reserve's headquarters, with calls for his potential ousting amid rising costs and Trump's frustrations with interest rates.
Despite initial fears of a recession, U.S. banks are experiencing a remarkable financial boom, with profits soaring and consumer spending remaining strong. Explore how market dynamics are shifting in favor of financial firms.
