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Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of…
Investing

DOJ sues Walgreens, alleging it ‘knowingly’ filled millions of invalid prescriptions

The Department of Justice said Friday that it sued pharmacy giant Walgreens over allegedly dispensing millions of unlawful prescriptions. The DOJ said that Walgreens from August 2012 until…
Investing

Capital One outage drags into Friday afternoon, leaving some customers without deposit access

An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers….
Investing

FDA officially authorizes Zyn nicotine pouches for sale following health review

The U.S. Food and Drug Administration formally authorized Zyn nicotine pouches for sale after conducting an ‘extensive scientific review’ about their safety….
Investing

UnitedHealth CEO says U.S. health system ‘needs to function better’

The CEO of UnitedHealth Group said Thursday that shortcomings of America’s health care system must be addressed. On the company’s first earnings…
Investing

Pepsi sued by federal regulators for giving Walmart preferential soft-drink pricing

The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more…
Investing

Vanguard fined more than $100 million by SEC over violations involving target date retirement funds

Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities…
Investing

Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face…
Investing

Capital One acknowledges ‘outage’ as users report issues accessing deposits

Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits. In response…
Investing

JPMorgan Chase posts record profit as the bank’s massive scale pays off

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank…
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