UBS to pay $1.4 billion over fraud in residential mortgage-backed securities
Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering…
Senators spar over whether CFPB has the power to root out junk fees
WASHINGTON — Members of the Senate Banking Committee jostled Wednesday over whether the leading U.S. consumer protection agency has the…
Junk fees, medical debt and artificial intelligence: CFPB chief lays out regulatory agenda
Rohit Chopra has lofty plans for the Consumer Financial Protection Bureau to tackle artificial intelligence threats, medical-debt reporting, exorbitant credit…
Goldman Sachs misses on profit after hits from GreenSky, real estate
Goldman Sachs on Wednesday posted profit below analysts’ expectations amid write-downs tied to commercial real estate and the sale of…
Stocks making the biggest moves midday: Morgan Stanley, Bank of America, Charles Schwab and more
Check out the companies making headlines in midday trading. Morgan Stanley — Shares of the James Gorman-led bank jumped more…
Stocks making the biggest moves premarket: Bank of America, Pinterest, Masimo and more
Check out the companies making the biggest moves before the bell. Bank of America — Bank of America added 0.4%…
5 things to know before the stock market opens Tuesday
Here are the most important news items that investors need to start their trading day: Stock futures barely budged Tuesday…
Bank of America tops analysts’ expectations amid higher interest rates
Bank of America on Tuesday posted second-quarter profit and revenue that edged out expectations as the company reaped more interest…
Home advantage? Why investors may want to avoid the international trade
Investors may want to reduce international exposure right now and stick with the home court. According to Main Management CEO…
Why Citigroup’s shift to wealth management is a risky bet
Since the company’s collapse during the 2008 recession, Citigroup’s stock has continuously struggled, with shares falling more than 30% over…
