Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned.…
Wall Street CEOs try to convince senators that new capital rules will hurt Americans as well as banks
Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to…
Bank of America fined $12 million for mortgage disclosure violations by federal watchdog
WASHINGTON — The Consumer Financial Protection Bureau on Tuesday fined Bank of America $12 million for reporting false mortgage lending…
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of…
Big banks are quietly cutting thousands of employees, and more layoffs are coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are…
Bank of America tops profit estimates on better-than-expected interest income
Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Here’s what the company reported: Profit…
JPMorgan Chase tops profit expectations on higher rates, benign credit
JPMorgan Chase on Friday topped analysts’ estimates for third-quarter profit and revenue as the bank generated more interest income than…
