Financials

IBM's Watson Goes From Jeopardy to Banking Buddy

International Business Machines is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.

IBM's Watson Goes From Jeopardy to Banking Buddy

International Business Machines is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.

U.S. Household Debt Climbs $35B to $12.3 Trillion

In the second quarter, total household debt increased by $35 billion to $12.3 trillion, according to the New York Fed's latest quarterly report on household debt. That increase was driven by two categories: auto loans and credit cards.

U.S. Household Debt Climbs $35B to $12.3 Trillion

In the second quarter, total household debt increased by $35 billion to $12.3 trillion, according to the New York Fed's latest quarterly report on household debt. That increase was driven by two categories: auto loans and credit cards.

Goldman Sachs Says Brexit Could Affect Operations

Goldman Sachs said on Thursday that Britain's vote to leave the European Union may adversely affect some of its operations in the EU and could require the bank to restructure some of its businesses.

Goldman Sachs Says Brexit Could Affect Operations

Goldman Sachs said on Thursday that Britain's vote to leave the European Union may adversely affect some of its operations in the EU and could require the bank to restructure some of its businesses.

Fed Fines Goldman Sachs $36 Million

The U.S. Federal Reserve Board has ordered Goldman Sachs to pay $36.3 million in fines for the unauthorized use and disclosure of confidential information.

AIG Gets Profit Boost From Falling Costs

American International Group Inc, the largest commercial insurer in the United States and Canada, reported a 6.3 percent rise in quarterly profit as costs fell 16.3 percent.

AIG Gets Profit Boost From Falling Costs

American International Group Inc, the largest commercial insurer in the United States and Canada, reported a 6.3 percent rise in quarterly profit as costs fell 16.3 percent.