Financials

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.

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.