Ken Sweet, The Associated Press

Ken Sweet is a reporter with The Associated Press, an American not-for-profit news agency headquartered in New York City and founded in 1846.

Economic Indicators

JPMorgan chief warns of threats to U.S. economic resilience

Jamie Dimon says inflation, political polarization, wars creating risks not seen since Second World War

By Ken Sweet, The Associated Press |April 8, 2024

4 min read

Industry News

NY Community Bancorp tries to reassure investors, but stock falls again

Shares fell another 11% Wednesday after the bank's credit rating got downgraded to “junk”

By Ken Sweet, The Associated Press |February 7, 2024

2 min read

Industry

Banks upbeat on U.S. consumer despite bank profit declines, inflation and rising debt levels

Citigroup said Friday that it's cutting 20,000 jobs, roughly 10% of its workforce

By Ken Sweet, The Associated Press |January 12, 2024

3 min read

Regulation

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

The SEC said it is finishing the approval of 10 exchange-traded funds for bitcoin

By Ken Sweet, The Associated Press |January 10, 2024

4 min read

Regulation

SEC chair denies social media post about bitcoin ETF approval

Gary Gensler says SEC's account on X was hacked

By Ken Sweet, The Associated Press |January 10, 2024

3 min read

Policy

Big bank CEOs warn that new regulations could harm economy

Bankers warn that the proposals could negatively impact the economy at a time of geopolitical turmoil and inflation

By Ken Sweet, The Associated Press |December 6, 2023

3 min read

Regulation

FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud

The crypto entrepreneur denied taking customers' funds in much-anticipated testimony

By Larry Neumeister, The Associated Press and Ken Sweet, The Associated Press |October 27, 2023

3 min read

Industry

JPMorgan to pay US$75 million on claims that it enabled Jeffrey Epstein’s sex-trafficking operations

The bank had already agreed to pay US$290 million in a class-action lawsuit that involved Epstein's victims

By Ken Sweet, The Associated Press |September 26, 2023

2 min read

Economic Indicators

The largest U.S. banks would survive a severe recession, the Fed’s “stress tests” show

The Fed's scenario had a 40% decline in commercial real estate prices

By Ken Sweet, The Associated Press |June 28, 2023

2 min read

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