Affirm Shares Skyrocket in Trading Debut

Shares of Affirm Holdings Inc. surged in the corporate’s buying and selling debut Wednesday. The buy-now, pay-later fintech agency, buying and selling on the Nasdaq…

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WSJ News Exclusive | Federal Investigators Probing AmEx Card Sales Practices

Federal investigators are probing business-card gross sales practices at American Express Co., in line with individuals acquainted with the matter. The inspectors common places of…

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Banks Pile Into Government Debt, Setting Up ‘Doom Loop’ Sequel in Europe

European banks are doing one thing that bought them into hassle years in the past: loading up on authorities debt, a commerce traders name the…

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EU Unveils Plans to Help Banks Clean Up Soured Covid-19 Loans

The European Union unveiled plans to help international locations in organising a community of nationwide “bad banks” to assist address a potential avalanche of defaulted…

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WSJ News Exclusive | GM Plans to Seek Banking Charter to Grow Auto-Lending Business

General Motors Co. is looking to get back in the banking business. The auto maker’s lending arm is drawing up plans to apply for a…

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WSJ News Exclusive | PNC Is in Advanced Talks to Buy U.S. Arm of Spain’s BBVA

PNC Financial Services Group Inc. is in talks to buy the U.S. arm of Spain’s BBVA for more than $11 billion, according to people familiar…

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The Battle to Keep America’s Black Banks Alive

A half-century ago, the federal government set out to attack the racial wealth gap by supporting Black-owned banks. Policy makers hoped the banks would lend…

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Law-Firm Clients Demand More Black Attorneys

Law firms have spent years promising to hire and promote more Black lawyers. Their corporate clients are now pressuring them to show results. Companies including…

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Taiwan Shrugs Off Pandemic to Deliver Surprise Growth

TAIPEI—Taiwan’s economy grew with unexpected speed through the summer and early fall, riding high on strong exports and a rebound in consumption spurred on by…

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U.S. Banking Regulator Backs New Liquidity Requirements

WASHINGTON—U.S. financial regulators moved Tuesday to adopt new rules obliging large banks to hold enough funding to meet their needs for up to a year.…

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