Banks, healthcare service firms among winners from U.S. tax bill
Sweeping U.S. tax legislation appears to be on the verge of approval, lifting the prospects in particular for banks, telecoms, transports and other industries that stand to gain the most from lower corporate tax rates.
US taxpayers rush to claim deductions under threat from tax bill
Financial advisers and accountants are working overtime as many U.S. taxpayers scramble to pay the rest of their 2017 taxes before Jan. 1 when the proposed Republican tax overhaul would sharply cut the amount they can deduct on federal tax bills.
Fed's Quarles recuses himself from Wells Fargo matters
One of the Fed's newest members won't be weighing in on the problems at Wells Fargo.
Wells Fargo trims staff in its giant mortgage unit
Wells Fargo laid off about 60 employees in its mortgage division as the bank continues to reshuffle parts of its business following heightened regulatory scrutiny, according to people familiar with the matter.
Bitcoin drops after dramatic gains ahead of futures launch
Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.
Wells Fargo fines won't be dropped:Trump
Wells Fargo won't be getting off the hook for ripping off customers and may face even more fines.
Morgan Stanley fires Harold Ford Jr. for misconduct
Morgan Stanley on Thursday fired former Congressman Harold Ford Jr. following allegations of misconduct.
Wall Street banks hit pause button on Bitcoin
As investors rush into bitcoin, some big Wall Street banks are hitting the brakes.
Citigroup faces big hit as result of tax shift
Citigroup finance chief John Gerspach said Wednesday the bank is likely to take a hit of about $20 billion to profits under the tax plans recently passed by Congress.
Trump lawyer denies Deutsche Bank got subpoena on Trump accounts
A U.S. investigator probing alleged Russian interference in the 2016 election asked Deutsche Bank for data on accounts held by President Trump and his family, a person close to the matter said, but Trump’s lawyer denied any such subpoena had been issued.
Deutsche Bank receives subpoena from Mueller on Trump accounts: source
Special Counsel Robert Mueller has asked Deutsche Bank to share data on accounts held by U.S. President Donald Trump and his family, a person close to the matter said on Tuesday.
Fed chair nominee Powell defends push to review financial regulations
Jerome Powell, U.S. President Donald Trump's choice to lead the Federal Reserve, told a Senate panel that after years of adding new rules it was time to take a pause and review what has been done.
Wells Fargo bankers, chasing bonuses, overcharged hundreds of clients
An internal review showed that out of roughly 300 fee agreements, only about 35 companies were charged the actual price they had been offered for currency trades handled by Wells Fargo, the employees say.
Goldman Sachs 2Q Profit Jumps 78%
Goldman Sachs reported a 78 percent jump in quarterly profit as the Wall Street bank earned more from bond trading and its expenses fell.
Chesapeake Partners Shuts Down Citing Government Regulation
Chesapeake Partners, a $1.4 billion hedge fund that bet on special situations including mergers, bankruptcies and spin-offs, is shutting down after an 18-month stretch of losses, as it blamed government regulation for making investing tougher.
Goldman Sachs Execs Cringe at Trump, Send Cash to RNC Instead
Exclusive: Goldman Sachs execs who want to support the GOP's election efforts say management at the big investment bank is cautioning them about making direct contributions to Donald Trump.
Mutual Funds Now Believe in Unicorns
Some U.S. mutual funds are boosting their performance with relatively big bets on private companies.
Warren Buffett to Fox Business: I'll Remain Silent on Wells Fargo for Now
The FOX Business Network caught up with Wells Fargo's largest shareholder, The Oracle of Omaha.
Wells Fargo CEO Stumpf: Public Enemy No. 1 With Assist from Dodd-Frank
The banking chief took a beating on Capitol Hill over the handling of the scam which resulted in a $185 million fine.
Goldman’s Gary Cohn on List for Trump Energy Secretary, Ponders Firm Exit
Goldman's number #2 is itching to become a #1 in his own right.