Ken Sweet

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

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  • 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
  • Customers make a transaction at a Capital One ATMFinance

    Capital One’s deal to buy Discover for $35 billion ‘will shrink the marketplace a little more now,’ credit card analyst says

    By Ken Sweet and The Associated Press
  • Motorists drive past a sign outside a branch of Wells Fargo bank, Wednesday, Sept. 20, 2023, in Deadwood, S.D. The Biden Administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals. The news sent Wells Fargo’s stock up sharply in afternoon trading as investors speculated that the bank, which has been kept under a tight leash by regulators for years, may be able to start growing again. (AP Photo/David Zalubowski, File)Finance

    Biden administration eases Wells Fargo oversight, saying bank has sufficiently fixed its toxic culture after years of scandals

    By Ken Sweet and The Associated Press
  • North CarolinaFinance

    First National Bank caught ignoring Black, Latino neighborhoods in North Carolina as redlining mortgage scandal grows

    By Ken Sweet and The Associated Press
  • Joe BidenPolitics

    That bank charge from a transaction getting declined in real time is another ‘junk fee,’ Biden’s CFPB claims

    By Ken Sweet and The Associated Press
  • Close up of hand holding credit cards.Personal Finance

    Bank overdraft fees could drop to $3 under new Biden proposal: ‘Banks call it a service—I call it exploitation’

    By Ken Sweet, Cora Lewis, and others
  • Stan Deal, chief executive officer of commercial airplanes at Boeing Co., during a Bloomberg Television interview at the Dubai Air Show in Dubai, United Arab Emirates, on Monday, Nov. 13, 2023. With Turkish Airlines and Emirates charging into Monday with potentially massive deals, the Dubai show stands to set a record last seen a decade ago, when airlines rang in more than $100 billion in commitments on a single day. Photographer: Christopher Pike/Bloomberg via Getty ImagesFinance

    ‘We are not where we need to be’: Boeing vows to step up quality inspections on 737 Max planes after door panel blowout

    By Ken Sweet and The Associated Press
  • Taylor Swift performs onstage during "Taylor Swift | The Eras Tour"Finance

    Elon Musk, Taylor Swift, inflation and AI—here are the business stories that dominated 2023

    By Paul Wiseman, Ken Sweet, and others
  • CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, Jamie Dimon, JPMorgan Chase, Jane Fraser, Citigroup, and Ronald O'Hanley, State Street, testify during the Senate Banking, Housing, and Urban Affairs Committee hearingFinance

    Wall Street’s biggest rivals unite on Capitol Hill to slap down Biden’s proposed changes to how banks are regulated: ‘It just doesn’t make sense’

    By Ken Sweet and The Associated Press
  • Caroline Ellison, former CEO of Alameda Research founded by Sam Bankman-Fried, exits Manhattan federal court after testifying, Tuesday, Oct. 10, 2023, in New York. (AP Photo/Eduardo Munoz Alvarez)Companies

    FTX founder Sam Bankman-Fried’s former hedge fund chief (and ex-girlfriend) Caroline Ellison says he hoped to be U.S. president someday

    By Ken Sweet, Larry Neumeister, and others
  • LAHAINA, HAWAII – AUGUST 18: In an aerial view, burned cars and homes are seen in a neighborhood that was destroyed by a wildfire on August 18, 2023 in Lahaina, Hawaii. At least 111 people were killed and thousands were displaced after a wind driven wildfire devastated the towns of Lahaina and Kula early last week. Crews are continuing to search for missing people. (Photo by Justin Sullivan/Getty Images)Environment

    FEMA has paid Maui fire survivors $4 million so far—and overall damage in the area could top $3 billion

    By Ken Sweet, Mae Anderson, and others