Financials

Credit Suisse to Cut Executive Bonuses by 40%

Credit Suisse Chief Executive Tidjane Thiam and other top executives at the bank have proposed slashing their bonuses by 40% and freezing compensation for the board of directors.

Credit Suisse to Cut Executive Bonuses by 40%

Credit Suisse Chief Executive Tidjane Thiam and other top executives at the bank have proposed slashing their bonuses by 40% and freezing compensation for the board of directors.

Wells Fargo Reports Slight Drop in Profit

Wells Fargo & Co, which has been mired in litigations stemming from a sales scandal, reported a 0.6 percent fall in quarterly profit on Thursday, hit by weaker mortgage banking fees and higher costs.

Wells Fargo Reports Slight Drop in Profit

Wells Fargo & Co, which has been mired in litigations stemming from a sales scandal, reported a 0.6 percent fall in quarterly profit on Thursday, hit by weaker mortgage banking fees and higher costs.

Citi Profit Rises 17% as Fixed-Income Trading Jumps

Citigroup Inc reported a better-than-expected 17 percent jump in quarterly profit, boosted by strong fixed-income trading as clients adjusted their positions following rate hikes by the Federal Reserve and changes in the forex and credit markets.

Citi Profit Rises 17% as Fixed-Income Trading Jumps

Citigroup Inc reported a better-than-expected 17 percent jump in quarterly profit, boosted by strong fixed-income trading as clients adjusted their positions following rate hikes by the Federal Reserve and changes in the forex and credit markets.