Financials

Italian lender Monte dei Paschi di Siena plans to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call that could shape the fortunes of the wider banking sector.

The Office of the Comptroller of the Currency earlier this month sent formal letters to large and regional banks seeking information about sales practices and incentive-compensation structures following the Wells Fargo & Co. scandal, people familiar with the requests said.

The Office of the Comptroller of the Currency earlier this month sent formal letters to large and regional banks seeking information about sales practices and incentive-compensation structures following the Wells Fargo & Co. scandal, people familiar with the requests said.

TD Ameritrade said on Monday it and Toronto-Dominion Bank would buy privately held Scottrade Financial Services in a deal valued at $4 billion, combining two of the biggest U.S. discount brokerages.

TD Ameritrade said on Monday it and Toronto-Dominion Bank would buy privately held Scottrade Financial Services in a deal valued at $4 billion, combining two of the biggest U.S. discount brokerages.

Moody's Corp. said Friday the U.S. Justice Department is readying a complaint against the firm for ratings it issued just before the 2008 financial crisis.

Moody's Corp. said Friday the U.S. Justice Department is readying a complaint against the firm for ratings it issued just before the 2008 financial crisis.

On the heels of news of Wells Fargo's fake accounts scandal, JP Morgan Chase announced a new program committing $75 million to entrepreneurs. Is one related to the other? Shame on you for asking.

On the heels of news of Wells Fargo's fake accounts scandal, JP Morgan Chase announced a new program committing $75 million to entrepreneurs. Is one related to the other? Shame on you for asking.

U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation's leading financial firms.

U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation's leading financial firms.

Morgan Stanley said its quarterly earnings rose, beating expectations, as the big Wall Street firm benefitted from a trading rebound that has helped the country's largest banks.

Morgan Stanley said its quarterly earnings rose, beating expectations, as the big Wall Street firm benefitted from a trading rebound that has helped the country's largest banks.

Visa Inc. has increased its dividend by 18%, continuing its pattern of higher payouts.

Visa Inc. has increased its dividend by 18%, continuing its pattern of higher payouts.

Goldman Sachs reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged.

Goldman Sachs reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged.

Opinion: The facts behind this train wreck are bad enough; there’s no need to embellish.

Opinion: The facts behind this train wreck are bad enough; there’s no need to embellish.

Shelia Bair, former FDIC chair, said on Mornings with Maria Monday that the tactic, if used correctly, isn’t necessarily bad.