JPMorgan shares jump after outlook raised
JPMorgan Chase & Co. stock saw a boost on Monday after the mega bank raised its forecast for interest income.
Wells Fargo accused of holding fake job interviews with minority candidates: report
Wells Fargo is being accused by a former executive of conducting fake job interviews with minority candidates for jobs that were already promised to another candidate.
Legislators support bank-led end to overdraft fees
Legislators voiced their support in a recent hearing for a bank-led end to overdraft fees.
Credit Suisse, West Virginia governor's mining company close to settlement: report
Swiss bank Credit Suisse is close to a settlement with Republican West Virginia Governor Jim Justice over the nearly $700 million his mining company Bluestone Resources owes the bank's clients.
Citigroup says Russia unit to be sold had $32M revenue in Q1
Citigroup's Russian consumer banking franchise that has been put up for sale had first quarter revenue of $32 million, down 6% from a year earlier, the bank disclosed in a quarterly securities filing on Monday.
Goldman, JPMorgan consider covering abortion travel costs for employees: report
Goldman Sachs and JPMorgan Chase are both mulling the possibility of covering the travel cost for employees seeking an abortion, according to a new report.
HSBC launches $1B planned share buyback
HSBC kicked off its planned $1 billion share buyback on Wednesday, as it seeks to redeploy excess capital and reward shareholders.
Citi in 'active dialog' to sell Russia consumer business, CEO says
Citigroup Inc is in "active dialog" to carry out the sale of its Russia consumer business that it announced a year ago, Chief Executive Jane Fraser said on Monday.
Wall Street reluctantly embraces crypto
The largest U.S. banks, securities firms and custodians are waking up to the investment potential of cryptocurrencies, not as a utility but as a new moneymaking market.
Russia-Ukraine war ‘cause for concern’ with Africa's food insecurity: Chairman Elumelu
United Bank for Africa Chairman Tony Elumelu on what Russia's invasion of Ukraine means for the continent.
Buy now, pay later users dissatisfied, confused by service, survey says
Users of buy now, pay later said they are confused about how the service providers make money and reported being dissatisfied with the product, according to a survey.
Top Russian bank official says country still to face real impact of sanctions
The Russian economy achieved some stability and recovered the value of its currency, but the ever-changing economic landscape indicates the real crunch is yet to strike.
Consumer advocate groups urge CFPB to regulate BNPL products like credit cards, cite 'cause for concern'
More than 75 groups sent a letter the CFPB, urging it to begin regulating buy now, pay later providers like credit card companies.
As BNPL usage increases, so does risk of fraud, study claims
Buy now, pay later services are becoming more popular, but many users are falling victim to fraud, according to a new study.
Unregulated buy now, pay later programs could create debt trap, banking advocates say
Banking advocates have encouraged the CFPB to look into several recommendations to regulate buy now, pay later providers.
Bank of America beats profit estimates on strength in consumer lending
Bank of America Corp reported a fall in first-quarter profit on Monday, as a slowdown in global deal making weighed on its investment banking businesses.
JPMorgan Chase plans 60-story NYC tower as new 'all-electric' HQ
JPMorgan Chase & Co. announced a major investment in New York City office space Thursday, with plans to build a 60-story building to be its global headquarters.
JPMorgan profit falls 42% on slowdown in deals, trading
JPMorgan Chase & Co reported a fall in first-quarter earnings on Wednesday, hurt by a slowdown in dealmaking brought on by the Ukraine conflict and a decline in trading revenue.
Citi names Angel Ng as head of Asia Pacific for Global Wealth Management
Citigroup Inc. has named Angel Ng, currently a chief executive for Hong Kong and Macau, the new head of wealth management for the Asia Pacific.
Bank deposits could drop for first time since World War II
U.S. banks have a streak of increasing deposits as a group every year since at least World War II but this year could break it.



















