Doubts over U.S. bank capital payouts may cloud strong earnings
Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits.
Wells Fargo fine of up to $1B said weighed by Mulvaney
The lender is faulted for auto insurance and mortgage lending abuses.
PayPal makes a move toward traditional banking
PayPal is moving closer to mainstream banking.
Deutsche Bank seeks to replace CEO with Goldman executive -report
Deutsche Bank is seeking to replace Chief Executive John Cryan, the Times newspaper reported on Monday.
Bank of America to pay $42M to settle electronic trading probe
One of the firms to which the bank sent orders was Madoff Securities, New York Attorney General Eric Schneiderman said.
JPMorgan Chase, Bank of America, Wells Fargo deposits swell by $2.4T since crisis
The big banks’ balance sheets make the case for regulation, an analyst says.
Citigroup sets gun rules for its retail clients
The bank will prohibit customers from selling guns to people under 21 years old.
Trump signs Dodd-Frank rollback: What you need to know
President Trump signed a new law that will scale back some of the financial provisions implemented in the wake of the financial crisis.
Dodd-Frank rollback wins Senate approval
A bipartisan group of lawmakers is expected to back a plan to roll back some of the 2010 law’s banking regulations.
Goldman Sachs CEO Lloyd Blankfein: Retirement speculation wishful thinking
The banker casts more doubt on a report saying he is preparing to step down.
Insurer AXA agrees to buy XL Group for around $15 bln
AXA, Europe's second-biggest insurer, has agreed to buy property and casualty insurance company XL Group for around $15 billion.
Elizabeth Warren rips Wells Fargo at Fed chair hearing
Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chair Jerome Powell on Thursday over the measures the U.S. central bank is taking to hold Wells Fargo accountable for consumer abuses dating back to 2016.
Sen. Elizabeth Warren rips Wells Fargo at Fed chair hearing
Sen. Elizabeth Warren, D-Mass., grilled Federal Reserve Chair Jerome Powell on Thursday over the measures the U.S. central bank is taking to hold Wells Fargo accountable for consumer abuses dating back to 2016.
Bitcoin is a ‘disruptive innovation,’ legendary investor Bill Miller says
Legendary hedge fund investor Bill Miller is betting big on cryptocurrency as a “bitcoin observer,” with his firm betting nearly half of its assets in the digital currency.
HSBC's 2017 profit jumps but below view
HSBC Holdings' pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations.
Goldman CEO: Economy stronger under Trump than if Clinton won
Goldman Sachs CEO Lloyd Blankfein, a staunch Hillary Clinton supporter, stated that the economy is better off under President Donald Trump.
Credit Suisse posts third straight annual loss on U.S. tax writedown
Credit Suisse on Wednesday posted a smaller-than-expected annual loss mostly due to U.S. tax reform, keeping the bank from its first year in the black since launching a turnaround plan in 2015.
Goldman's CEO to update investors on revenue raising efforts
On Tuesday, Goldman's chief executive officer, Lloyd Blankfein, is scheduled to speak at an industry conference in Miami Beach, where he intends to provide more information about the revenue-boosting effort.
Banks limited by slow loan growth: Dick Bove
Vertical Group bank analyst Dick Bove discusses why he wouldn’t invest in financial institutions despite rising interest rates.
Goldman Sachs in talks with Apple to finance iPhone sales
Goldman Sachs is in talks to offer financing to shoppers buying phones, watches and other gadgets from Apple, people familiar with the matter said.