Financials

FINRA says it fines J.P. Morgan Securities LLC $2.8 million for customer protection rule violations and supervisory failures.

Bank of America is giving $1,000 bonuses tied to the tax-overhaul bill to more than half of its employees, making the bank the latest company to announce such a perk since the legislation passed this week.

Goldman Sachs Group Inc is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter.

If you want to know how one of Wall Street’s biggest players managed to keep a massive and controversial loophole in the GOP tax bill, just follow the money.

Sweeping U.S. tax legislation appears to be on the verge of approval, lifting the prospects in particular for banks, telecoms, transports and other industries that stand to gain the most from lower corporate tax rates.

Financial advisers and accountants are working overtime as many U.S. taxpayers scramble to pay the rest of their 2017 taxes before Jan. 1 when the proposed Republican tax overhaul would sharply cut the amount they can deduct on federal tax bills.

One of the Fed's newest members won't be weighing in on the problems at Wells Fargo.

Wells Fargo laid off about 60 employees in its mortgage division as the bank continues to reshuffle parts of its business following heightened regulatory scrutiny, according to people familiar with the matter.

Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

Wells Fargo won't be getting off the hook for ripping off customers and may face even more fines.

Morgan Stanley on Thursday fired former Congressman Harold Ford Jr. following allegations of misconduct.

As investors rush into bitcoin, some big Wall Street banks are hitting the brakes.

Citigroup finance chief John Gerspach said Wednesday the bank is likely to take a hit of about $20 billion to profits under the tax plans recently passed by Congress.

A U.S. investigator probing alleged Russian interference in the 2016 election asked Deutsche Bank for data on accounts held by President Trump and his family, a person close to the matter said, but Trump’s lawyer denied any such subpoena had been issued.

Special Counsel Robert Mueller has asked Deutsche Bank to share data on accounts held by U.S. President Donald Trump and his family, a person close to the matter said on Tuesday.

Jerome Powell, U.S. President Donald Trump's choice to lead the Federal Reserve, told a Senate panel that after years of adding new rules it was time to take a pause and review what has been done.

An internal review showed that out of roughly 300 fee agreements, only about 35 companies were charged the actual price they had been offered for currency trades handled by Wells Fargo, the employees say.

Goldman Sachs reported a 78 percent jump in quarterly profit as the Wall Street bank earned more from bond trading and its expenses fell.

Chesapeake Partners, a $1.4 billion hedge fund that bet on special situations including mergers, bankruptcies and spin-offs, is shutting down after an 18-month stretch of losses, as it blamed government regulation for making investing tougher.

Exclusive: Goldman Sachs execs who want to support the GOP's election efforts say management at the big investment bank is cautioning them about making direct contributions to Donald Trump.