Banking

Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.

The New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.

Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.

LendingClub Corporation is slashing its headcount by 14%, the financial services firm announced on Thursday. That will equate to 225 workers losing their jobs.

Citigroup is shuffling leadership after struggling for years to keep up with JPMorgan Chase and Bank of America, hopes to improve wealth-management business.

Shares of Bed Bath & Beyond remain elevated after the domestic merchandise retailer announced measures to avoid bankruptcy, spurring a short-selling rally.

Godlman Sachs Asset Management Horizon Environment & Climate Solutions I fund raises $1.6 billion for self proclaimed mission of fighting global warming.

BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder sat down with FOX Business on Monday to discuss the likelihood of interest rate hikes from the U.S. Federal Reserve in 2023

Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.

Bed Bath & Beyond is expected to file bankruptcy in early 2023 amid slumping sales and weakening demand

Kentucky's state treasurer announced an aggressive measure Monday to fight back against financial institutions' efforts to push green energy and boycott fossil fuel production.

U.S. Virgin Islands Attorney General Denise George filed a lawsuit against JPMorgan Chase for allegedly turning "a blind eye" to Jeffrey Epstein's sex crimes.

Wells Fargo bank analysts are predicting the return of Walt Disney CEO Bob Iger will lead to a spinoff of ESPN and ABC.

All three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.

The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion in compensation for illegally assessing fees and unlawful interest rate charges to its customers

The SAFE Banking Act would let marijuana businesses access banking services and carry out transactions using credit cards, reducing the risk of robberies and theft.

The ex-cryptocurrency executive Sam Bankman-Fried reportedly is to reverse course at a Bahamas court hearing Monday and stop fighting extradition back to the US to face federal charges.

The ECB said it would raise its key rate to 2% from 1.5%, the highest level since 2009. The bank also said it would reduce its multitrillion-dollar bondholdings starting in March

A judge recommends three ex-Wells Fargo executives pay a combined $18.5 million in fines over their alleged roles in the mega-bank's fake accounts scandal.

Dick Durbin's Credit Card Competition Act purports to increase competition in the credit card industry. In reality, it would do the opposite.