Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push

U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according … Read more

Trump signed his Gaza ‘Board of Peace’ into being. Here’s who’s on it — and who isn’t

U.S. President Donald Trump was surrounded by world leaders as he declared the war in Gaza was “really coming to an end” at a signing ceremony for his “Board of Peace” for the territory. But many countries are not represented, and Trump singled out Spain for criticism on its defense spending from the podium, saying … Read more

Trump sues Jamie Dimon, JPMorgan Chase over debanking the suit calls ‘political’

President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing accounts belonging to Trump and related entities in early 2021, in what the lawsuit calls political actions. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and Trump exiting the … Read more

Jamie Dimon issues rare CEO criticism of Trump’s immigration policy: ‘I don’t like what I’m seeing’

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2025 IIF annual membership meeting in Washington, Oct. 16, 2025. Samuel Corum | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Wednesday that he disagreed with President Donald Trump’s approach to immigration, offering a rare public rebuke by a U.S. corporate … Read more

Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise

President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his social media post this month ordering banks to voluntarily lower their rates. “I’m asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save for … Read more

Trump threatens to sue JPMorgan Chase for ‘debanking’ him

Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters President Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly “debanking” him following the Jan. 6, 2021, riot at the U.S. Capitol. … Read more

Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as … Read more

Morgan Stanley tops estimates driven by wealth management

People walk past Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City.  Spencer Platt | Getty Images Morgan Stanley on Thursday reported fourth-quarter results that exceeded Wall Street expectations on the back of strong revenues from wealth management. Here’s what the company reported compared with what Wall Street analysts surveyed … Read more

Bank of America tops estimates on better-than-expected net interest income

Brian Moynihan, Chairman and CEO of Bank of America, speaks with Economic Club of Washington Chair David Rubenstein at an event at the Ritz-Carlton on February 25, 2025 in Washington, DC. Anna Moneymaker | Getty Images Bank of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on gains from net interest income and … Read more

Trump attacks Powell again amid Fed independence fears: ‘Incompetent’ or ‘crooked’

President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” even as his Department of Justice faces growing opposition over its criminal investigation of the central bank leader. Trump threw his latest punch at Powell after being asked whether the unprecedented action undermines confidence in the Fed, which has … Read more