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…
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.…
