Financials

American Express posted its first quarterly loss in 26 years, due a $2.6 billion charge related to the U.S. tax law overhaul and the credit card issuer also said it would suspend its share buyback program for the first half of 2018.

Bank of New York Mellon Corp. (NYSE:BK) executives said nearly all of this year's benefits from the new U.S. tax law will go to technology upgrades and its employees instead of shareholders.

The Consumer Financial Protection Bureau doesn’t need any money from the Fed, according to Acting Director Mick Mulvaney's latest budget request.

Rising interest rates offer a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

Scores of people were injured when a floor in the Indonesia Stock Exchange collapsed.

Morgan Stanley is cutting back on its U.S. equities saying its unlikely to continue to outperform.

Exclusive: JPMorgan Chase Chairman & CEO Jamie Dimon dials back his bitcoin bashing.

U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results.

U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results.

Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.

Banks and rival lenders are butting heads over the credit scores used to decide millions of mortgage requests by U.S. home buyers.

Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday.

A U.S. government panel rejected Ant Financial's acquisition of U.S. money transfer company MoneyGram International over national security concerns.

MoneyGram International and Alibaba's Ant Financial Services Group said on Tuesday they have agreed to terminate their amended merger agreement.

Goldman Sachs said on Friday it expects fourth-quarter earnings to decrease by about $5 billion due to the new U.S. tax law signed by President Donald Trump last week.

Goldman Sachs has picked Dublin as a center for administrative staff in its asset management business following Britain's vote to leave the European Union, a source familiar with the matter said.

FINRA says it fines J.P. Morgan Securities LLC $2.8 million for customer protection rule violations and supervisory failures.

Bank of America is giving $1,000 bonuses tied to the tax-overhaul bill to more than half of its employees, making the bank the latest company to announce such a perk since the legislation passed this week.

Goldman Sachs Group Inc is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter.

If you want to know how one of Wall Street’s biggest players managed to keep a massive and controversial loophole in the GOP tax bill, just follow the money.