Citi fined $79 million by British regulators over fat-finger trading and control errors
LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank…
How Biden is winning over corporate America behind closed doors
President Joe Biden has had it out for corporate America for much of his term. Over the past three years,…
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year…
Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder…
Berkshire Hathaway’s big mystery stock wager could be revealed soon
Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the…
Morgan Stanley tops expectations on wealth management, trading and investment banking results
Morgan Stanley on Tuesday posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment…
Bank of America tops estimates on better-than-expected interest income, investment banking
Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income…
Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and…
Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected results in the bank’s investment banking and…
