banking

Treasury Secretary Janet Yellen is trying to project calm after recent regional bank failures in California and New York.

Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday.

When you go to the bank and make a deposit, it seems like your money is simply getting stored– ready for you to use, but did you know that it doesn’t remain locked away in the bank? Here’s what happens to that money and how banks use it to make profit.

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks