Fresh Today

Fresh Today
 

WASHINGTON—Federal Reserve Chair Jerome Powell disclosed detailed information about the central bank’s $2.5-billion headquarters renovation to Senate lawmakers last summer, a previously unreported letter reviewed by the Financial Times shows—undercutting Trump Administration claims that he misled Congress.

NEW YORK--JPMorgan Chase and Apple have announced a deal that will make the nation’s largest bank the new issuer of the Apple Card, replacing Goldman Sachs and further expanding JPMorgan’s already dominant credit-card franchise, according to Reuters.

WASHINGTON-- When the Federal Reserve Bank of Philadelphia released its latest deep dive into credit union growth, much of the industry saw a familiar pattern: strong performance, expanding reach—and yet another suggestion that credit unions may be crowding out community banks or falling short of their mission.