Financials

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.

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.

Wells Fargo said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.

Wells Fargo said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.

Royal Bank of Scotland Group will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed.

Royal Bank of Scotland Group will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed.

Former American International Group Inc. Chairman Maurice R. "Hank" Greenberg took the witness stand for the first time Tuesday in a long-delayed state court trial for alleged civil fraud.