Citigroup 2Q results top expectations on consumer lending boost
Citigroup reported 2Q profit of $1.95 per share topping the estimate for $1.80. Revenue came in at $18.8 billion.
Movers & Shakers: July 15, 2019
Stories moving the markets and shaking up the world.
As Trump targets Libra, Facebook's cryptocurrency faces 'uphill climb' after call for bank charter
Should Facebook be required to register as a bank and submit to banking regulations if it plans to move forward with Libra? President Trump thinks so.
Deutsche Bank CEO says he scolded executives for getting suits fitted on day of layoffs
Deutsche Bank CEO Christian Sewing told a German newspaper that he scolded senior members at its London office for getting suits fitted on the same day hundreds of fellow staffers lost their jobs.
At American Airlines, Boeing Max grounding fuels improved earnings outlook
The Dallas-based carrier expects unit revenue to now rise as much as 4 percent.
Small-dollar lenders get a bad rap, but here's the truth
The simple fact is that small-dollar lenders serve people that mainstream lenders, for one reason or another, turn away.
Trump 'favored-nation' drug pricing order could hammer profits
The move could force drugmakers to offer treatments in the U.S. at the lowest cost offered elsewhere in the world.
Movers & Shakers: July 8, 2019
Here are the stories moving the markets and shaking up the world.
Deutsche Bank to cut 18,000 jobs, exit equities sales by 2022
The German bank said it will implement a cost reduction program to reduce costs to 17 billion euros in 2022.
'Wolf of Wall Street' producer charged with laundering $248M in Malaysian scandal
"The Wolf of Wall Street" producer Riza Aziz was charged on Friday with laundering $248 million from state investment fund 1Malaysia Development Bhd., or 1MDB.
Delta Air Lines flies record number of passengers in June, boosts profit guidance
The Atlanta-based carrier flew nearly 698,000 people on June 21st, a single-day record.
China just extended an olive branch to the US as trade talks restart
More foreign firms will be able to invest in China in 2020, a quicker timeline then previously anticipated.
‘Best banks’ of 2019 revealed: Kiplinger
The 'Best Bank' list is out, did yours make the cut?
Possible Fannie, Freddie IPO whets Wall Street's appetite
Government housing officials have publicly stated that reforming Fannie and Freddie is a priority and they are weighing an eventual public offering that could mean an equity sale of as much as $100 billion.
JPMorgan, Bank of America, Wells Fargo plan healthy dividend hikes
Bank investors are looking at a new round of dividend windfalls thanks to the Fed.
After Goldman Sachs, Ally Financial cut interest rates, savers hit brick wall
It was the first time since October 2013 that Ally lowered rates.
Dallas Fed president: Too early to tell whether rate cut will be warranted
The Dallas Fed leader suggested that any move toward lower interest rates would require the central bank to lean more heavily on stronger regulation to guard against potential excesses from building in the economy, particularly with respect to fueling more leverage in the corporate sector.
Deutsche Bank under investigation for compliance with money laundering laws: Report
Some activity being examined is reportedly linked to Jared Kushner’s family business.
When it comes to money, America makes it rain: Varney
Money is pouring in form all over the world.
Facebook's cryptocurrency Libra unveiled
Mark Zuckerberg’s company introduced its new cryptocurrency and related product.