Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net…
Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what…
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of…
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s…
Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year
The average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary by 1…
Lawmakers praise workers for landmark Wells Fargo union branch vote in New Mexico
WASHINGTON — Democratic lawmakers on Thursday praised workers at a New Mexico branch of Wells Fargo for becoming the first…
Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million
WASHINGTON — A former Swiss finance executive pled guilty in New York federal court on Thursday to conspiring to defraud…
UK and Switzerland sign post-Brexit financial services deal
LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe’s…
Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC…
UK inflation slide fuels rate cut bets and jolts markets
LONDON — U.K. inflation fell by more than expected to hit 3.9% in November, in the lowest annual reading since…
