banks

Home - banks
Finance

SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits

The U.S. Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients’ predesignated investment…
Finance

Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment

Italy’s UniCredit appears to have caught German authorities off guard with a potential multibillion-euro merger of Frankfurt-based Commerzbank, a move…
Finance

Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’

The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly…
Politics

Trump’s 10% credit card interest cap could hurt borrowers, experts say: ‘Access to credit would dry up’

Former President Donald Trump has made headlines over the past week with yet another surprise economic policy announcement. After promising…
Finance

Commerzbank board member warns of significant job losses with a hostile UniCredit takeover

Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender,…
Finance

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say

American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership…
Finance

What buying Commerzbank would mean for UniCredit — and the banking sector

UniCredit‘s move to take a stake in German lender Commerzbank is raising questions on whether a long awaited cross-border merger…
Finance

JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

JPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload…
Finance

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program…
Finance

FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of…