‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update it
Italy’s shock tax on banks continues to prove controversial, even as the government insists it can improve it. Europe’s main…
USVI says JPMorgan notified Treasury of more than $1 billion in Jeffrey Epstein ‘human trafficking’ transactions after he died
JPMorgan Chase notified the Treasury Department of more than $1 billion in transactions related to “human trafficking” by Jeffrey Epstein…
A ‘historic’ result but still a ‘construction site’: Analysts react to blowout UBS earnings
UBS shares rallied to 15-year highs on the back of what analysts branded a “historic” earnings report, though Deutsche Bank…
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…
