Ken Sweet

Stay informed with Ken Sweet’s coverage and analysis for Fortune.

Bowman

Fed wins banking industry praise for new guidelines on supervision of financial system

By Christopher Rugaber, Ken Sweet, and others

mortgage

The 50-year mortgage would cost you nearly $400k more than the standard, AP analysis says

By The Associated Press and Ken Sweet

A sign in a Kwik Trip store shows the store will no longer be using pennies to give change, on Oct. 23, 2025, in Yorkville, Wis

America’s officially running out of pennies — and it’s costing retailers millions

By Ken Sweet and The Associated Press

FILE – Charlie Javice, center, exits Manhattan federal court, Monday, Sept. 29, 2025, in New York. (AP Photo/Yuki Iwamura, File)

JPMorgan balks at $115 million legal tab for convicted fraudsters and says Charlie Javice’s lawyers are treating it ‘like a blank check’

By Ken Sweet and The Associated Press

American Express

Personal Finance

‘If nothing else, going to lounges and using the $600 hotel credit will essentially justify the cost’: American Express Platinum’s facelift

By Ken Sweet and The Associated Press

Klarna

Swedish BNPL giant Klarna jumps nearly 15% in biggest IPO of 2025 on NYSE

By Ken Sweet and The Associated Press

Klarna IPO on Wall Street

Klarna made a solid debut on the New York Stock Exchange with shares up 15% in first day of trading

By The Associated Press and Ken Sweet

Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, June 18, 2025. (AP Photo/Mark Schiefelbein)

Big banks all pass the Fed’s less vigorous stress tests, clearing the way for dividends and buybacks

By Ken Sweet and The Associated Press

FILE – A sign stands outside a branch of Wells Fargo bank Wednesday, April 17, 2024, in Littleton, Colo. (AP Photo/David Zalubowski, File)

Wells Fargo let out of the doghouse as Fed lifts restrictions placed on it in 2018 over its fake-accounts scandal

By Ken Sweet and The Associated Press

Jamie Dimon

Bank profits slide as people struggle with debt

By Ken Sweet and The Associated Press

Jane Fraser

Citigroup has now been fined more than half a billion dollars for risk issues. CEO Jane Fraser has staked her tenure on fixing the bank

By Ken Sweet and The Associated Press

President Joe Biden will nominate Christy Goldsmith Romero, shown in a undated photo by the US Treasury, to replace Martin Greunberg as head of the Federal Deposit Insurance Corporation. (Chris E. Taylor/Treasury Dept via AP)

FDIC chair who quit following report of workplace stalking and harassment will be replaced by Georgetown law professor Christy Goldsmith Romero

By Ken Sweet and The Associated Press

A Bank of American branch in the Williamsburg section in Brooklyn, New York, is shown on Thursday, May 16, 2024. The branch was previously used as a studio space for a sculptor. The clean, airy branch features sculptures by the artist who was previously in the space, as well as additional art from around the neighborhood. (AP Photo/Peter Morgan)

‘Cafes’, ‘community centers’ and ‘third spaces’—Banks are redesigning branches to remind you of anything but banks

By Ken Sweet and The Associated Press

Rear view of latin woman using the ATM. She is going to use her phone to interact with the ATM

Abrupt bankruptcy of financial middleman Synapse freezes bank accounts of tens of thousands of U.S. businesses and consumers

By Ken Sweet and The Associated Press

FILE – A sign indicating MasterCard credit cards are accepted is posted at a New York business, Jan. 21, 2015. Mastercard said Wednesday, May 21, 2024, that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal. (AP Photo/Mark Lennihan, File)

Mastercard says it expects new AI software to find compromised credit and debit cards quicker—before they get used by criminals

By Ken Sweet and The Associated Press