Citigroup posts better-than-expected earnings and revenue
Citigroup on Friday reported second-quarter earnings and revenue that topped expectations. Despite the beat, Citi’s revenue fell 1% from a…
JPMorgan Chase beats analysts’ estimates on higher rates, better-than-expected bond trading
JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations, as the company benefited from higher interest rates and better-than-expected…
Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees
Bank of America, the second-largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its…
India’s IDFC First Bank says merger will boost credit growth
India’s IDFC First Bank expects to see robust credit growth following its recent merger, according to managing director and CEO…
The American banking landscape is on the cusp of a seismic shift. Expect more pain to come
The whirlwind weekend in late April that saw the country’s biggest bank take over its most troubled regional lender marked…
HDFC Bank director says Indian mega merger won’t face ‘insurmountable challenges’
The merger between India’s HDFC Bank and the Housing Development Finance Corporation (HDFC) will increase the entity’s customer base and…
OCBC is looking to Greater China and Southeast Asia for a $2.2 billion boost in revenue
Singapore’s Oversea-Chinese Banking Corporation has set its sights on “longer term opportunities” in Greater China and Southeast Asia and expects…
Goldman in talks to offload Apple credit card, savings products to American Express, source says
Goldman Sachs is in talks to offload its Apple credit card and high-yield savings account products to American Express, a…
JPMorgan, Wells Fargo and Morgan Stanley to boost dividends after clearing Fed stress test
Large U.S banks including JPMorgan Chase, Wells Fargo and Morgan Stanley said Friday they plan to raise their quarterly dividends…
