Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
Swiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group Signa…
Deutsche Bank smashes profit estimates and boosts shareholder returns
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a…
Man pleads guilty in $1 billion scheme to dodge money laundering rules in New York
A man described as an “experienced anti-money laundering specialist” pleaded guilty on Wednesday to illegally funneling more than $1 billion…
New York sues Citibank for alleged failure to reimburse fraud victims
New York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic…
JPMorgan Chase shuffles top leaders as race to succeed Jamie Dimon drags on
JPMorgan Chase on Thursday said several executives considered front-runners to one day take over for CEO Jamie Dimon had new…
Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead…
German regulator urges banks to set aside bumper profits for bad news on the horizon
Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher…
Former high-ranking FDIC attorney Mark Black pleads guilty in child sex exploitation case
A former high-ranking lawyer at the Federal Deposit Insurance Corporation pleaded guilty Tuesday in federal court to conspiring to sexually…
Wall Street opposition to Trump collapses, as ‘pipe dream’ of primary defeat ends
As Donald Trump surges toward the Republican nomination, many Wall Street executives have made a calculated decision not to speak…
American Express CEO says spending is strong, delinquencies are down from 2019
American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and…
