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.
Wells Fargo CEO: Fed punishment won't stop loan growth
The central bank is restricting the bank’s assets, and the firm is replacing four board members.
Dow, S&P 500 claw back losses after second session of selling
Investors dipped back into stocks after Friday's 666 point shellacking on the DJIA.
Wells Fargo shares sink after Federal Reserve crackdown
The Federal Reserve said it would freeze growth at the bank following a series of scandals.
Deutsche Bank posts sizable loss, triggering share slide
It reported a EUR2.2 billion ($2.7 billion) net loss for the fourth quarter and its third consecutive full-year loss, pushing its stock price down sharply.
Amazon, JPMorgan, Berkshire healthcare partnership makes anything possible
The health care partnership between Amazon, JPMorgan & Chase and Berkshire Hathaway could improve the industry’s laggard performance, here’s why:
'Jackpotting' hackers steal more than $1M from ATMs across US
A group likely tied to international criminal syndicates has hijacked automated tellers across the U.S. and manipulated them to spit out bills, according to the Secret Service.
JPMorgan promotes Pinto and Smith, fueling race to succeed Dimon
JPMorgan Chase & Co promoted Daniel Pinto and Gordon Smith to be co-presidents and co-chief operating officers, possibly making them contenders for the job of CEO held by Jamie Dimon.
Banks pay $4M for lobbying as tax reform debated
Goldman, BofA and Citigroup ponied up a total of $2 million in 2017, the most among the nation’s largest financial firms
JPMorgan hikes pay by 10%, opening hundreds of more branches on tax reform
JPMorgan Chase will invest $20 billion in the U.S. economy, with this new investment that will further accelerate the company’s growth
TD Ameritrade expands after-hour trading round the clock
The move allows investors to access a handful of popular exchange-traded funds 24/7.
HSBC to Pay $101.5 million to resolve federal fraud charges
HSBC Holdings hs agreed to pay $101.5 million to resolve federal fraud charges stemming from the bank's misuse of confidential client information for its own profit.
Wall Street traders brace for meager bonus checks
It may not be a happy bonus season for Wall Street traders as trading revenue declines.