Ken Sweet

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

  • KlarnaBanking

    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 StreetBig Tech

    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)Finance

    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)Finance

    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 DimonFinance

    Bank profits slide as people struggle with debt

    By Ken Sweet and The Associated Press
  • Jane FraserFinance

    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)Politics

    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)Finance

    ‘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 ATMFinance

    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)Tech

    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
  • President Joe Biden speaks at podiumFinance

    Joe Biden’s plan to slash $14 billion in credit-card late fees is halted by a federal judge in Texas

    By Ken Sweet and The Associated Press
  • Jamie DimonFinance

    Jamie Dimon calls on America to unite amid ‘great crises’ to protect ‘essential freedoms, including free enterprise’

    By Ken Sweet and The Associated Press
  • Rohit ChopraFinance

    Judge calls out banking industry for choosing Texas court to challenge credit card fee caps—’Venue is not a continental breakfast’

    By Ken Sweet and The Associated Press
  • Steven MnuchinFinance

    Mnuchin to the rescue as commercial real estate loan victim NYCB secures over $1 billion lifeline

    By Stan Choe, Ken Sweet, and others
  • Joe BidenPolitics

    Biden’s CFPB cracks down on credit card late fees, caps them at $8

    By Ken Sweet, Josh Boak, and others