Banking

BEIJING/SHANGHAI - Four of China’s five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic.

Four GOP Senators would need to vote no to sink Shelton's nomination.

The U.S. Federal Reserve announced Monday how much each large bank that underwent its 2020 stress tests will have to hold in additional capital

TOKYO - SoftBank Group Corp (9984.T) is seen returning to profitability in the first quarter on Tuesday as the value of its listed holdings rise, three months after faltering tech bets via its Vision Fund pushed the group to a record annual loss.

Capital One must submit a plan to the U.S. central bank within 90 days outlining how it intends to improve the protection of customer's personal information.

Deutsche Bank is complying with a subpoena by Manhattan District Attorney Cyrus Vance Jr., giving his office financial statements and other records related to President Donald Trump, according to the New York Times.

The bank's net profit was $192 million in the April-June quarter, down from $4.37 billion reported in the same period a year earlier.

Jared Kushner and Ivanka Trump, his wife and the daughter of the president, made between $1 million and $5 million from Bergel 715 Associates in 2019, according to a report.

Structuring is a white-collar crime that involves moving large sums of money secretly by breaking them down into smaller amounts.

Some analysts see recent signs of a "melt-up" in which investors are buying things simply because they are rising, with little regard for economic fundamentals or the mixed signals sent by assets including stocks and bonds rising together.

Wells Fargo & Co. is slashing costs, cutting staff and tightening up on lending to ride out the coronavirus recession.

Weeks after a cybersecurity firm uncovered backdoor security embedded in mandatory Chinese tax software, the FBI is reportedly warning U.S. companies doing business in China.

The Federal Deposit Insurance Corporation’s new rule aims to reduce the hurdles for candidates with records of minor criminal offenses, typically those that carry a sentence of less than one year.

Gold within the vault is protected by an intricate security system that features 24-hour surveillance including an armed police force, security cameras and motion detectors and a 90-ton steel cylinder defending the only entry, among other things, the New York Fed said.

Wells Fargo customers are accusing the bank of pausing their mortgage payments without permission.

Nationwide coin shortage motivated this bank to help local businesses in need.

Wells Fargo & Co said on Tuesday Mike Santomassimo will replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm.

A North Carolina tech company is putting $3 million into one of the nation's oldest Black-owned banks in the wake of George Floyd's death.

Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement.

Commerce Secretary Wilbur Ross is expected to be released from the hospital "soon" after being admitted for a non-coronavirus related issue, a department spokesperson said.