Katherine Doherty

Stay informed with Katherine Doherty’s coverage and analysis for Fortune.

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WASHINGTON, DC – JANUARY 09: House Minority Leader Kevin McCarthy (R-CA) answers questions during a press conference at the U.S. Capitol on January 09, 2020 in Washington, DC. McCarthy answered a range of questions related primarily to the House articles of impeachment being sent to the U.S. Senate. (Photo by Win McNamee/Getty Images)

Wall Street firms say the debt ceiling showdown is already doing major damage and warn that politicians need to reach a deal—fast

By Katherine Doherty and Bloomberg

First Republic Bank

Feds work into the night on the First Republic Bank crisis after bid deadline comes and goes

By Hannah Levitt, Katanga Johnson, and others

SAN FRANCISCO, CALIFORNIA – APRIL 26: A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California. Shares of San Francisco-based bank First Republic continue to fall as the New York Stock Exchange halted trading of the stock at least a dozen times on Wednesday following the company’s earnings report that showed its clients had withdrew more than 40% of deposits in the first quarter following the collapse of Silicon Valley Bank. (Photo by Justin Sullivan/Getty Images)

Deadline for banks to submit First Republic bids passes as FDIC rushes to fix crisis—and avoid receivership

By Hannah Levitt, Katanga Johnson, and others

NEW YORK, NEW YORK – APRIL 24: A sign for a First Republic bank branch is seen in Manhattan on April 24, 2023 in New York City. The U.S. bank will reveal its latest financial results but concerns over small and medium-sized banks persist following the collapse of Silicon Valley Bank (SVB) in March. (Photo by Spencer Platt/Getty Images)

FDIC asks JPMorgan Chase, others to submit final bids for First Republic Bank, whose shares are down 97% this year

By Hannah Levitt, Katanga Johnson, and others

Jerome Powell

Banking regulators are discussing a fund to ward off banking contagion among regional lenders after Silicon Valley Bank’s failure

By Jenny Surane, Katherine Doherty, and others

Donald Trump

SVB CEO Greg Becker lobbied the government to relax some Dodd-Frank provisions on regional lenders in 2015. Trump did in 2018.

By Hannah Levitt, Katanga Johnson, and others

Brian Moynihan, chief executive officer of Bank of America Corp., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Wednesday, Oct. 12, 2022. This year’s conference theme is “The Search for Stability in an Era of Uncertainty, Realignment and Transformation.” Photographer: Ting Shen/Bloomberg via Getty Images

Bank of America is finally taking a hatchet to its investment jobs as it follows Morgan Stanley and Goldman Sachs layoffs

By Katherine Doherty, Ruth David, and others

Bank of America CEO Brian Moynihan

The CEO of Bank of America is slowing down hiring and taking a pay cut but he’s still making $30 million

By Katherine Doherty and Bloomberg

Brian Moynihan, chief executive officer of Bank of America Corp.

The CEO of Bank of America says that they’re slowing down hiring because not enough people left the company on their own: ‘We went past our target headcount’

By Katherine Doherty

Wall Street hit with $2 billion in fines over employees using WhatsApp and other unauthorized messaging apps

By Sridhar Natarajan, Jenny Surane, and others

People walk past the New York Stock Exchange (NYSE) on Wall Street.

Wall Street texting habit sticks banks with $1 billion in fines

By Sridhar Natarajan, Katherine Doherty, and others

GLASGOW, SCOTLAND – NOVEMBER 02: CEO and Chairman of the Bank of America Brian Moynihan, speaks during the UN Climate Change Conference on day three of COP26 at SECC on November 2, 2021 in Glasgow, Scotland. 2021 sees the 26th United Nations Climate Change Conference. The conference will run from 31 October for two weeks, finishing on 12 November. It was meant to take place in 2020 but was delayed due to the Covid-19 pandemic.

Bank of Americas employees to share stock award of $1 billion

By Katherine Doherty and Bloomberg

A Bank of America branch in San Francisco, California, U.S., on Thursday, Jan. 14, 2021. Bank of America Corp. is expected to release earnings figures on January 19. Photographer: David Paul Morris/Bloomberg

Bank of America is giving $200 to Merrill Lynch workers who have been vaccinated

By Katherine Doherty and Bloomberg

Signage outside an AMC movie theater in New York, U.S., on Friday, March 5, 2021. The struggling U.S. box office is expected to rebound this weekend, when theaters in New York City, the second-largest U.S. movie market, reopen after a yearlong hiatus. Photographer: Amir Hamja/Bloomberg

AMC’s market value reaches $10 billion amid Reddit-fueled rally

By Bailey Lipschultz, Katherine Doherty, and others

AMC Theater

Arts & Entertainment

AMC theaters line up deal to reduce debt by up to $630 million

By Katherine Doherty and Bloomberg