House GOP subpoenas Citibank over alleged Jan. 6 ‘back-channel’ cooperation with the FBI

House Judiciary Committee Chairman Jim Jordan has issued a subpoena to Citibank as part of a hunt for information on whether banks shared private customer data with the FBI after the January 6 insurrection.

Comerica Bank Promotes Brandon Jones to Senior Vice President, External Affairs

Comerica Bank has promoted Brandon Jones, Vice President of External Affairs, to Senior Vice President, External Affairs, reporting to Executive Vice President of Corporate Responsibility Wendy Bridges.

Female soccer players earn 25 cents to the dollar of men at World Cup, new CNN analysis finds

Soccer players at the 2023 Women’s World Cup will on average earn just 25 cents for every dollar earned by men at their World Cup last year, a new CNN analysis found.

For Members Only: Alpha Kappa Alpha Sorority Launches Historic Credit Union

Alpha Kappa Alpha Sorority, Inc. has made history with the grand opening of its groundbreaking financial institution, the "For Members Only" (FMO) Credit Union. The ribbon-cutting ceremony took place at the organization's headquarters in Chicago, prior to the 2023 Leadership ...

Bank of America CEO: Inflation could hit Fed’s 2% target by 2025

US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday

The US economy grew faster in the first quarter than previously reported

US economic growth in the first three months of the year was faster than previously estimated, the Commerce Department reported on Thursday.

GOP megadonor Harlan Crow declines to answer Democrats’ questions about financial ties to Clarence Thomas

A lawyer for GOP megadonor Harlan Crow told Senate Judiciary Chairman Dick Durbin that his committee did not have “the authority to investigate Mr. Crow’s personal friendship with Justice Clarence Thomas,” in a letter Monday night obtained by CNN.

IRS Free Tax Filing Service Could Further Harm Black, Low-Income Taxpayers

The IRS is exploring a direct e-file system for tax returns. However, some believe the system would bring undue harm to historically marginalized communities – including Black and low-income taxpayers - based on recent reports concerning IRS enforcement actions.

How you can prepare for a debt default

Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the United States will be unable to pay all of its bills in a little over a week.

Regional bank stocks soar after Western Alliance says deposits are growing

Regional bank stocks surged on Wednesday after Western Alliance reported that customer deposits are growing.

5 ways a debt default could affect you

President Joe Biden and House Republicans may have as little as a month to prevent the US from defaulting on its debt, which would impact millions of Americans and unleash economic and fiscal chaos here and around the world.

Houston Equity Fund offering $8 million in grant funding for minority-owned small businesses

Minority-owned small businesses and nonprofits in the Houston area can apply for up to $100,000 in grant funding later this month. A total of $8 million is available this year during the second phase of the "Open for Business" grant ...

The US economy grew at a much slower pace in the first quarter

US economic growth slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, as businesses rebalanced their inventories and pulled back on spending amid punishing rate hikes from the Federal Reserve.

What are AT1 bonds and why are Credit Suisse's now worthless?

Investors in a riskier type of Credit Suisse's bonds had the value of their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS.

Credit Suisse: Why it's struggling and why that's a big deal

Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble.