Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder…
Berkshire Hathaway’s big mystery stock wager could be revealed soon
Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the…
‘Trader justice’: Ex-SocGen trader fired for risky bets claims he was made a ‘scapegoat’
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him…
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or…
NYCB shares jump 30% after CEO gives two-year plan for ‘clear path to profitability’
New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial…
HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire
HSBC beat market expectations in its first-quarter earnings report Tuesday, and announced the surprise departure of Group Chief Executive Officer…
Barclays shares up 6% as bank swings back to profit in first quarter amid strategic overhaul
LONDON — Shares of Barclays rose nearly 7% on Thursday after the bank reported first-quarter net income attributable to shareholders of £1.55…
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank shares popped to a more than six-year high on Thursday, after the German lender reported a 10% rise…
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that…
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the…
