Financials

ING plans to shed 7,000 jobs and invest heavily in its digital platforms to achieve annual savings of 900 million euros ($1 billion) by 2021.

ING plans to shed 7,000 jobs and invest heavily in its digital platforms to achieve annual savings of 900 million euros ($1 billion) by 2021.

Deutsche Bank executives are heading to the United States in the coming days to negotiate a settlement over a fine of up to $14 billion for misselling mortgage-backed securities.

Deutsche Bank executives are heading to the United States in the coming days to negotiate a settlement over a fine of up to $14 billion for misselling mortgage-backed securities.

A former Morgan Stanley stockbroker who participated in a $5.6 million insider trading ring involving stock tips passed on napkins and Post-it notes in New York's Grand Central Terminal was sentenced to three years in prison on Friday, federal prosecutors said.

A former Morgan Stanley stockbroker who participated in a $5.6 million insider trading ring involving stock tips passed on napkins and Post-it notes in New York's Grand Central Terminal was sentenced to three years in prison on Friday, federal prosecutors said.

Rep. Michael Capuano, (D-Mass.), weighs in on the potential for criminal charges against Wells Fargo CEO John Stumpf.

Rep. Michael Capuano, (D-Mass.), weighs in on the potential for criminal charges against Wells Fargo CEO John Stumpf.

Deutsche Bank AG is nearing an agreement with U.S. officials to pay $5.4 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis, French news agency AFP reported on Friday, citing sources.

Deutsche Bank AG is nearing an agreement with U.S. officials to pay $5.4 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis, French news agency AFP reported on Friday, citing sources.

It’s an election year with two unpopular presidential candidates and hundreds of lawmakers that are scared for their jobs.

It’s an election year with two unpopular presidential candidates and hundreds of lawmakers that are scared for their jobs.

About 10 hedge funds that clear derivatives trades with Deutsche Bank AG's (DB) have moved part of their holdings, Bloomberg News reported Thursday, citing an internal document.

About 10 hedge funds that clear derivatives trades with Deutsche Bank AG's (DB) have moved part of their holdings, Bloomberg News reported Thursday, citing an internal document.

John Stumpf, the CEO of embattled banking giant Wells Fargo headed to Capitol Hill again on Thursday, this time to testify before the House Financial Services Committee about a customer accounts scandal that has rocked the bank in recent weeks.

Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday.In a deal expected to be announced on Thursday, the largest publicly traded U.S. hedge fund firm will enter a deferred-prosecution agreement with the U.S. Department of Justice while a subsidiary will plead guilty, the sources said.

Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday.In a deal expected to be announced on Thursday, the largest publicly traded U.S. hedge fund firm will enter a deferred-prosecution agreement with the U.S. Department of Justice while a subsidiary will plead guilty, the sources said.

Problematic sales practices at banks may extend beyond the abuses revealed in this month's $185 million enforcement action against Wells Fargo & Co., according to a new analysis of customer complaints maintained by the U.S. government.