Eight big U.S. bank CEOs to face Senate Banking Committee grilling in December
Eight CEOs of the largest U.S. banks will face questioning at a Senate Banking Committee hearing in December, according to…
Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.…
House Republicans subpoena Citibank over info shared with FBI after Jan. 6
WASHINGTON — House Judiciary Committee Chairman Jim Jordan issued a subpoena to Citibank on Thursday, demanding information about whether the…
Stocks making the biggest moves midday: Discover, D.R. Horton, Nvidia, Cleveland-Cliffs, and more
Check out the companies making headlines in midday trading. Banks — Major Wall Street banks slid during midday trading after…
Stocks making the biggest moves premarket: Nvidia, Discover Financial, D.R. Horton and more
Check out the companies making headlines in premarket trading. Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild…
Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the…
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…
