UBS shares jump to 2008 highs after profit beat, job cuts announcement
UBS shares reached their highest point since late 2008 during early trade in Zurich on Thursday, after the Swiss banking…
Regional banks face another hit as regulators force them to raise debt levels
U.S. regulators on Tuesday unveiled plans to force regional banks to issue debt and bolster their so-called living wills, steps…
Goldman Sachs unloads another business acquired under CEO David Solomon
Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning.…
Singapore’s OCBC bank suffers brief outage, shares gain 1%
SINGAPORE — Southeast Asia’s fourth largest bank OCBC suffered a short outage on Monday that affected its digital and card…
Wells Fargo repays clients $40 million for excessive investment advice fees
Wells Fargo paid back $40 million to almost 11,000 customers who for years were overcharged on fees for investment advice,…
House Republicans subpoena Citibank over info shared with FBI after Jan. 6
WASHINGTON — House Judiciary Committee Chairman Jim Jordan issued a subpoena to Citibank on Thursday, demanding information about whether the…
Jeffrey Epstein referred Obama White House counsel to JPMorgan as potential customer
Sex predator Jeffrey Epstein was involved in establishing a client relationship between Obama White House counsel Kathryn Ruemmler and JPMorgan…
Regional banks slide after Fed’s Kashkari advocates ‘significantly further’ capital regulation
Minneapolis Federal Reserve President Neel Kashkari favors getting tougher on regional banks, following a crisis earlier this year that he…
Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the…
Lloyd Blankfein says he ‘can’t imagine’ returning to Goldman Sachs
Former Goldman Sachs CEO Lloyd Blankfein said he couldn’t imagine returning to his old firm, disputing a news report that…
