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American Express Co raised hopes for a battered credit card industry after estimating that bad loans were easing, but analysts cautioned that the sector is not out of the woods yet.

Citigroup plans to sell 20 businesses in consumer finance area, many of them located in Europe, its CEO Vikram Pandit said in an interview with Singapore's Business Times.

Asia-focused bank Standard Chartered unveiled a surprise 1 billion pound ($1.7 billion) fundraising on Tuesday as it beat expectations with a record mid-year pretax profit.

Gong Fangxiong, chief economist for the Greater China region and head of the China Research Department at JPMorgan Chase Co., has been appointed as deputy chairman of the JP Morgan Chase's China investment bank, according to local media Caijing.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bonuses paid to executives at nine banks who received U.S. government bailout money in 2008 were in some cases greater than net income, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bank of America Corp said it plans to shrink its 6,109-branch U.S. network modestly over the next three to five years, an about-face for the nation's largest bank by assets after years of expansion.

JP Morgan Chase & Co revamped some of its senior equities staff looking to gear the bank for more push into prime brokerage, the Wall Street Journal said, citing people familiar with the matter.

Citigroup Inc shares could more than double by 2012, financial weekly Barron's said in its July 27 edition, citing the company's global footprint and earnings power.

Georgia banking officials today announced that State Bank and Trust co. has agreed to acquire the assets and deposits of six community banks operated by Security Bank Corp, raising $300 million in capital for the acquisition.

Bankers and traders, no matter where they work, might have Goldman Sachs Group Inc to thank for heftier bonuses this year.

Dutch bank ING Group has hired JPMorgan to advise on the sale of ING's private banking business in Europe and Asia, which could fetch more than $1 billion, sources told Reuters on Thursday.

JPMorgan Chase & Co Chief Executive Jamie Dimon made a $2.29 million pretax profit by exercising stock options and then selling most of the resulting shares of the second-largest U.S. bank.

JPMorgan Chase & Co Chief Executive Jamie Dimon made a $2.29 million pretax profit by exercising stock options and then selling most of the resulting shares of the second-largest U.S. bank.

JPMorgan Chase & Co Chief Executive Jamie Dimon made a $2.29 million pretax profit by exercising stock options and then selling most of the resulting shares of the second-largest U.S. bank.

Morgan Stanley shook up its fixed-income trading leadership, two days before the Wall Street bank is expected to announce a second-quarter loss.

CIT Group Inc was in talks with a bondholder group on Saturday, as the lender tried to hammer out a rescue financing deal before markets opened and avoid bankruptcy, a source close to the situation said.

CIT Group Inc was in talks with a bondholder group on Saturday, as the lender tried to hammer out a rescue financing deal before markets opened and avoid bankruptcy, a source close to the situation said.

CIT Group Inc is in talks with a group of bondholders for $2 billion to $3 billion in rescue financing as it tries hard to avoid bankruptcy, a source close to the company said late on Friday.

CIT Group Inc is in talks with JPMorgan Chase & Co and Goldman Sachs Group Inc about short-term financing as it looks for ways to avoid bankruptcy, a source close to the company said on Friday, sending the lender's shares and bonds up.

Citigroup Inc on Friday said loan losses surged again in the second quarter, yet gains from selling most of its Smith Barney brokerage helped the company report the highest profit among big U.S. banks.

Bank of America Corp, the largest U.S. bank, posted a quarterly profit that topped Wall Street forecasts but warned of a fresh surge in soured loans to credit card, mortgage and business customers.

Bank of America Corp and Citigroup Inc raised huge red flags on Friday with quarterly results that suggested the U.S. consumer remains sorely injured as the global recession drags on.

CIT Group Inc is in talks with JPMorgan Chase & Co and Goldman Sachs Group Inc for short-term financing of $2 billion to $3 billion as it looks for ways to avoid a potential bankruptcy, a source close to the company said on Friday.

Citigroup Inc , one of the big U.S. banks hit hardest by the financial crisis, posted a quarterly profit on Friday as gains from the sale of its Smith Barney brokerage into a joint venture more than offset losses from its primary banking businesses.

CIT Group Inc shares rose on Friday, one day after the company said it was in discussions with lenders to secure financing and amid some speculation that it may be sold without the need for a bankruptcy filing.

Bank of America Corp posted a quarterly profit that topped Wall Street forecasts, but the largest U.S. bank warned of a fresh surge in troubled loans from credit card, mortgage and business customers due to the weak economy.

Investors were looking to Bank of America and Citigroup for a fresh dose of earnings optimism on Friday, after strong reports from JPMorgan Chase and IBM raised hopes for a global recovery.