WASHINGTON — The Federal Deposit Insurance Corp.'s board of directors will consider a proposal next week to clarify the definition of deposits protected by the agency.
The board will meet in a public session at 10 a.m. on Feb. 12 at the FDIC's Washington headquarters. The one item on the agenda for public discussion deals with a proposed rule clarifying the insurance status of foreign branches of U.S. banks. It will be the board's second scheduled public meeting of the year.
Lawsuits challenging the Consumer Financial Protection Bureau's final rule on medical debt are the latest issues facing banks ahead of Donald Trump's return.
The megabank reported achievements in several areas, but lowered its 2026 expectations for a profitability metric that investors have been closely watching.
Goldman Sachs reported strong growth in the fourth quarter, with investment banking fees up 33%.
The megabank saw $5.1 billion in profits in its fourth quarter, as higher fees from investment banking and wealth management offset weaker interest income on loans.
The $4 trillion-asset bank saw its investment banking business surge, while other products held steady.
It's not just JPMorgan Chase. Across the industry, banks are rethinking their remote-work policies — but experts say it won't be easy to turn back the clock.
