JPMorgan Chase & Co agreed to pay $211.2 million to settle federal and state charges that its employees rigged bids for derivatives sold to at least 48 cities and charities.
Bank of America will take another $13 billion in charges related to pending settlement with private label mortgage-backed securities investors, Sanford C Bernstein said.
Warren Buffett bets housing and unemployment will improve in America by late 2012 more than many economists expect.
Brokerage Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup , said personal information of 34,000 investment clients stored on two CDs was lost in transit to a government office last month, the Wall Street Journal reported citing a company spokesman.
A FINRA securities industry arbitration panel ordered a former Morgan Stanley Smith Barney broker to pay the firm nearly $1 million for breaching the terms of a promissory note.
Stocks were poised for a lower open on Wednesday after Moody's downgrade of Portugal's credit rating to junk and China's interest rate rise sparked jitters about global growth prospects.
NEW YORK Stock index futures pointed to a weak start for Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq futures down 0.2 to 0.4 percent by 5:06 a.m. EDT.
Citigroup was the top bookrunning underwriter of U.S. municipal bonds in the first half of 2011, according to Thomson Reuters data on Friday.
The top after-market NASDAQ Stock Market gainers are: Blackboard, Dendreon, Approach Resources, Smith & Wesson Holding, and FSI International. The top after-market NASDAQ Stock Market losers are: AMC Networks, Photronics, Xyratex, Globe Specialty Metals, and Investors Real Estate Trust.
Citigroup Inc has entered into exclusive talks with a bidding group to sell its OneMain consumer lending unit formerly known as CitiFinancial, the Wall Street Journal reported, citing a person familiar with the matter.
Three Chinese banks are now in the world's top 10, underlining the dramatic growth of the country's financial industry in recent years, according to a new study released on Thursday.
Gina Rinehart, the richest person in Australia could soon beat Carlos Slim, Bill Gates and Mark Zuckerberg, if the Citigroup’s predictions are correct.
Bank of America (NYSE:BAC), one of the nation's largest banks by assets, has confirmed an $8.5 billion settlement with high-profile investors over mortgage loans, and would report a second-quarter loss in the range of $8.6 billion to $9.1 billion.
Bank of America (NYSE:BAC) is nearing an $8.5 billion settlement with high-profile investors over mortgage loans, according to people familiar with the matter.
Citigroup, the third-largest U.S. bank by assets, has told government officials that about 3,400 of the customers whose credit-card information was hacked have suffered about $2.7 million in losses, the Wall Street Journal reported.
A former Citigroup Inc vice president charged with embezzling $19 million from the bank's accounts -- an alleged fraud that went undiscovered for more than a year and a half -- pleaded not guilty in Brooklyn federal court on Monday.
Gary Foster, a former vice president at Citigroup's treasury finance department, has been arrested for his alleged involvement in a $19 million fraud.
Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter.
A former vice president of Citigroup Inc was charged on Monday with embezzling more than $19 million from the company's accounts.
According to various reports, Gina Rinehart, an Australian mining executive, is one the verge of becoming the richest person on the planet.
Stock index futures pointed to a mostly flat open on Monday, following three days of losses as investors remained cautious about Greece's fiscal future.
Stock index futures rose on Monday, putting Wall Street on track to rebound after three days of losses, although investors remained cautious about Greece's fiscal future.