Financials

Saudi Arabia's state-owned energy company has told J.P. Morgan, HSBC and Morgan Stanley they will be the lead underwriters for its planned initial public offering, set to be the largest ever.

Wells Fargo & Co said on Tuesday it fired four executives in its community banking business as part of an independent investigation into its sales practices.

HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from restructuring and pointed to brakes on revenue growth.

HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from restructuring and pointed to brakes on revenue growth.

The U.S. Consumer Financial Protection Bureau (CFPB) said on Thursday it was exploring the use of alternative data sources such as mobile phone and rent payment bills to help extend affordable loans to consumers lacking credit history.

The U.S. Consumer Financial Protection Bureau (CFPB) said on Thursday it was exploring the use of alternative data sources such as mobile phone and rent payment bills to help extend affordable loans to consumers lacking credit history.

The CEO of Chinese conglomerate HNA Capital sets the record straight about his firm as he gears up for a U.S. buying spree.

Credit Suisse posted a 2.44 billion Swiss franc ($2.43 billion) net loss for 2016, its second straight year in the red.

Credit Suisse posted a 2.44 billion Swiss franc ($2.43 billion) net loss for 2016, its second straight year in the red.

The U.S. Senate is expected to confirm former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday.

The U.S. Senate is expected to confirm former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday.

A Republican plan would roll back Wall Street rules and consumer protections conceived after the 2008 financial crisis.

A Republican plan would roll back Wall Street rules and consumer protections conceived after the 2008 financial crisis.

Morgan Stanley is exploring a move to Hudson Yards, the vast development site on Manhattan's West Side, The Wall Street Journal reported.

Morgan Stanley is exploring a move to Hudson Yards, the vast development site on Manhattan's West Side, The Wall Street Journal reported.

A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump's efforts to scale back government regulation.

Bank of America has opened three completely automated branches over the past month, where customers can use ATMs and have video conferences with employees at other branches.

Bank of America has opened three completely automated branches over the past month, where customers can use ATMs and have video conferences with employees at other branches.

Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place.

Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place.