A top Citigroup trader was reportedly suspended last month after he was accused of evading payments for cafeteria sandwiches.
Lower interest rates have hit the profit margins of the U.S. banking sector.
JPMorgan Chase, Citi surge on Q4 profits; Wells Fargo stumbles again
U.S. stocks closed mixed on Tuesday on worries over China trade deal.
U.S. stocks opened lower on Tuesday as earnings season got started
BoE hands Citi record fine over UK reporting breaches
Tech giant Hewlett-Packard has rejected a takeover bid by competitor Xerox.
Google checking account service on its way: report
Traders ignored an IMF report revising global growth forecasts lower.
Banking giant HSBC is reportedly planning to chop 10,000 jobs. The move being spearheaded by interim Chief Executive Officer Noel Quinn is aiming to slash costs, according to reports.
WeWork announced Monday that it will withdraw a plan to go public but will revive an initial public offering down the road
Antitrust regulators in the European Union acted against many erring banks for alleged currency fraud that involved fixing of spot foreign exchange. The EU slapped a total fine of $1.2 billion on Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland.
It is the marriage season in the American banking sector. The good news is that the first time after the financial crisis in 2007-2009, a mega banking merger has been announced. The all stocks merger between SunTrust Bank and BB&T Corp will create America’s sixth-biggest commercial bank.
Citigroup Inc on Friday was ordered to pay more than $12 million by U.S. regulators after it was found that the bank’s investment banking and financial advisory unit misled users of a “dark pool” operated by one of its affiliates.
Nasdaq is said to be beta testing new cryptocurrency analysis tools geared toward institutional investors.
A federal banking regulator said long-awaited it will begin soliciting input on decades-old rules on bank lending in low-income communities, kicking off a long-awaited and potentially contentious rule-writing process.
World’s largest private equity firm Apollo's founder Joshua Harris and Citygroup's chief executive Michael L. Corbat allegedly visited White House last year and met with Jared Kushner.
Citi analysts said Apple has a 40 percent chance of acquiring Netflix under the new Trump tax cut. After the Citi analyst released the report, shares of AAPL and NFLX quickly rose.
Talking to investors on their second-quarter earnings calls, Jamie Dimon railed against the “stupid shit we have to deal with,” while Citigroup CEO Corbat looked forward to having more “people in the seats” with power over bank regulation.
Banking Trends 2016: TCF, Citigroup, Wells Fargo Feature In Top 5 Banks In US That Receive Most Complaints
An analysis of grievances submitted to the Consumer Financial Protection Bureau found that TCF Bank had 12.3 complaints per billion, the most for any bank in 2016.
Less than 4 percent of Citi’s customers made cash transactions through a branch in the last year, the U.S. bank said.
Bank of America saw its highest quarterly profits in a decade, thanks to strong and stable fixed income markets and lower expenses for the three-month period ending in September.
Regulators want to require banks to set up so-called "living wells" so that when they mess up, smaller businesses within the parent organization can continue to run even if the broader company has to file for bankruptcy.
Hillary Clinton Accepted Donations From Tax Avoiders, Slammed Donald Trump For Exploiting Tax Loophole
The Hillary Clinton campaign is attacking Donald Trump for exploiting loopholes to avoid income taxes — but some of her backers may have gone further and broken tax law.
Former retail banking head Carrie Tolstedt has left the company, will get no severance and has forfeited unvested equity awards worth about $19 million.
Wall Street Bank Whose Donors Back Clinton Say Election Will Likely Preserve Status Quo, But Could Bring Recession
The bank, whose donors have funded the Democrat's campaign, says the election will not result in real policy change — but could coincide with a recession.
It is one of the several banks under investigation over allegations of giving unsecured mortgages to unqualified borrowers that triggered the 2008 financial crisis.
How Much Did Banks Pay For The 2008 Financial Crisis? Fines And Settlements Of Over $160 Billion In Past 8 Years
Banks have paid out more than $160 billion in fines and settlements relating to the 2008 crisis. Critics ask if that’s enough to prevent abuse going forward.
The outage, since resolved, affected several U.S. states, including New York, Pennsylvania and California, and had customers railing on social media.
The debt deal for the online rental service was led by JPMorgan Chase, Citigroup, Bank of America and Morgan Stanley, reports said, citing sources.