Financials

Wells Fargo announced late Wednesday its chairman and CEO John Stumpf will retire effective immediately in the wake of a customer-accounts scandal.

Wells Fargo announced late Wednesday its chairman and CEO John Stumpf will retire effective immediately in the wake of a customer-accounts scandal.

Deutsche Bank will pay a $9.5 million penalty to settle civil charges that it failed to properly safeguard material non-public information generated by its research analysts and publishing an improper research report, U.S. regulators said Wednesday.

Deutsche Bank will pay a $9.5 million penalty to settle civil charges that it failed to properly safeguard material non-public information generated by its research analysts and publishing an improper research report, U.S. regulators said Wednesday.

Wells Fargo & Co.'s top brass laid out the bank's strategy to move past its sales-tactics scandal on an hour-long call Monday with 500 senior executives, according to a recording of the call reviewed by The Wall Street Journal.

Wells Fargo & Co.'s top brass laid out the bank's strategy to move past its sales-tactics scandal on an hour-long call Monday with 500 senior executives, according to a recording of the call reviewed by The Wall Street Journal.

Deutsche Bank shares fell more than 3 percent in early trading on Monday after Chief Executive John Cryan failed to reach a deal with the U.S. Department of Justice Over the Weekend.

Deutsche Bank shares fell more than 3 percent in early trading on Monday after Chief Executive John Cryan failed to reach a deal with the U.S. Department of Justice Over the Weekend.

The situation facing the German lender is not as dire as some predict says UBS Chairman.

Deutsche Bank and many other major banks need to reexamine their business models to maintain long-term profitability in a very low interest rate environment, International Monetary Fund Managing Director Christine Lagarde said on Thursday.

Deutsche Bank and many other major banks need to reexamine their business models to maintain long-term profitability in a very low interest rate environment, International Monetary Fund Managing Director Christine Lagarde said on Thursday.

MetLife is opting for a spinoff to existing shareholders as it divests a big chunk of its U.S. life-insurance business, resolving one of the key questions about its plan to shrink for regulatory and strategic reasons.

MetLife is opting for a spinoff to existing shareholders as it divests a big chunk of its U.S. life-insurance business, resolving one of the key questions about its plan to shrink for regulatory and strategic reasons.

The New York City pension fund is the latest victim from Wells Fargo defrauding its customers by creating fake bank accounts.

The New York City pension fund is the latest victim from Wells Fargo defrauding its customers by creating fake bank accounts.

The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo & Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank.

The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo & Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank.

Wells Fargo & Co's account scandal is not limited to its consumer banking sector, U.S. Senator David Vitter told the bank's chief executive in a letter.

Wells Fargo & Co's account scandal is not limited to its consumer banking sector, U.S. Senator David Vitter told the bank's chief executive in a letter.

At $43.97 a share, a 16% drop from where it traded a year ago, Wells Fargo stock is cheap and retail investors should take the opportunity to get in now, according to one researcher.