banks

Swiss regulator calls for more powers after Credit Suisse collapse

Switzerland’s financial regulator on Tuesday called for greater legal powers and vowed to adapts its approach in the wake of…

Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth

Like it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the…

Citigroup employees, on edge over layoffs, told they can work remotely until the new year

Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.…

‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management

LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds…

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.…

Morgan Stanley and Wells Fargo are making headlines. Here’s our take on the news

Wells Fargo (WFC) had to make some tough calls to stay on course with its turnaround plan. It’s one of…

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…

Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance…

Swiss bank Banque Pictet admits hiding $5.6 billion of Americans’ money from IRS

A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal…