Financials

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.

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.

Wells Fargo & Co.'s board is actively considering whether to claw back pay from former retail-banking head Carrie Tolstedt as well as from Chief Executive John Stumpf and is likely to make a decision before a Thursday congressional hearing, according to a person familiar with the matter.

Wells Fargo & Co.'s board is actively considering whether to claw back pay from former retail-banking head Carrie Tolstedt as well as from Chief Executive John Stumpf and is likely to make a decision before a Thursday congressional hearing, according to a person familiar with the matter.

The boutique investment bank created by veteran financial executives Joseph Perella and Peter Weinberg is in the final stages of negotiating a merger with the Houston-based bank Tudor Pickering Holt & Co., in a transaction that underscores the fragile nature of Wall Street deal making business as smaller firms seek savings amid a decline in activity, the FOX Business Network has learned.

The boutique investment bank created by veteran financial executives Joseph Perella and Peter Weinberg is in the final stages of negotiating a merger with the Houston-based bank Tudor Pickering Holt & Co., in a transaction that underscores the fragile nature of Wall Street deal making business as smaller firms seek savings amid a decline in activity, the FOX Business Network has learned.

U.S. Labor Department Secretary Thomas Perez on Monday pledged to conduct a "top-to-bottom" review of all cases, complaints and other alleged violations that the department has received concerning Wells Fargo in recent years.

U.S. Labor Department Secretary Thomas Perez on Monday pledged to conduct a "top-to-bottom" review of all cases, complaints and other alleged violations that the department has received concerning Wells Fargo in recent years.

Merrill Lynch has agreed to pay a $12.5 million fine for maintaining ineffective trading controls that led to at least 15 mini-flash crashes between late 2012 and mid-2014.

Merrill Lynch has agreed to pay a $12.5 million fine for maintaining ineffective trading controls that led to at least 15 mini-flash crashes between late 2012 and mid-2014.

Deutsche Bank AG shares fell sharply Monday morning on investor concerns about the German lender's capital position ahead of an anticipated legal settlement with the U.S. Justice Department.

Deutsche Bank AG shares fell sharply Monday morning on investor concerns about the German lender's capital position ahead of an anticipated legal settlement with the U.S. Justice Department.

CBOE Holdings, the operator of the largest options exchange in the United States by volume, said it would buy BATS Global Markets for about $3.2 billion, just over five months after BATS made its market debut.

CBOE Holdings, the operator of the largest options exchange in the United States by volume, said it would buy BATS Global Markets for about $3.2 billion, just over five months after BATS made its market debut.

Opinion: Senator Elizabeth Warren’s accusation of massive fraud is a massive overreach.