Deutsche Bank to cut thousands of staff in investment bank revamp
The overhaul calls for the elimination of roughly 7,000 jobs.
Fifth Third tumbles after $4.7B deal to buy Chicago-based bank
The premium for MB Financial is more than twice the average, according to Dealogic figures.
RBS reaches $4.9 billion deal to settle U.S. mortgage bond probe
This resolves a probe into the structuring and sale of mortgage-backed securities.
Warren Buffett lauds Wells Fargo as it launches brand campaign
Ads will emphasize “commitment to re-establish trust.”
Bank of America will fund assault-type rifle maker
The bank is part of a group that will help finance Remington Outdoor as it merges from bankruptcy.
More than half of American workers over 60 are postponing retirement
There are many good reasons to keep working after retirement, but some Americans are having trouble getting to that stage of life.
HSBC 1Q profit misses estimate, unveils $2 billion share buyback
Profit was also down from the year-ago period.
JPMorgan Chase creates artificial intelligence role
Professor Manuela Veloso of Carnegie Mellon will build on the bank’s work with machine learning.
Wells Fargo CEO: ‘Absolutely open for business’
The third-largest U.S. bank is growing, according to CEO Tim Sloan.
Warren Buffett ‘blew it’ on Wells Fargo stock: Dick Bove
Berkshire Hathaway wasn’t paying attention, according to the analyst.
SunTrust reports data of 1.5M customers possibly stolen by ex-worker
Information includes names, addresses, phone numbers and account balances, bank says
Wells Fargo said near settlement of up to $1B with regulators
An agreement is expected to be announced as soon as Friday.
Goldman Sachs average employee comp could hit $448K this year
Tax cuts and more active trading lifted the bank’s earnings and revenue.
US Consumer sentiment fell in March on trade policy worries
U.S. consumers' confidence slipped this month, mainly due to concerns about the Trump administration's trade policies on the U.S. economy.
Delta's American Express credit card helps boost airline's bottom line
The air carrier reported a record number of accounts were opened in the first quarter of 2018.
JP Morgan's Dimon says U.S. economy still looks 'pretty good'
JPMorgan CEO Jamie Dimon is optimist about the U.S. economy.
Volatility sees the most action ever this year
A wave of stock market volatility has become the norm this year.
Bank of America to stop lending to some makers of military-style firearms: report
Bank of America becomes the second financial institution to address gun violence since the deadly Parkland shooting.
Federal Reserve proposes new capital rules for banks
The Federal Reserve is prosing new rules regarding how much capital a bank must hold as a cushion.
Citibank vs. Citidank: Pot dispensary asked to quit ripping off name
While Citi’s logo has a red umbrella above the “iti” in its name, Citidank substitutes a marijuana leaf.