Thursday, July 17, 2014 12:00 AM - Lauren Tara LaCapra and Tanya Agrawal, Reuters
Wall Street bank Morgan Stanley's (MS.N) quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.
Wednesday, July 16, 2014 12:00 AM - Tanya Agrawal and Peter Rudegeair, Reuters
Bank of America Corp, the second-largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs soared.
Tuesday, July 15, 2014 12:00 AM - Anil D'Silva and Lauren Tara LaCapra, Reuters
Goldman Sachs Group Inc. reported a better-than-expected 5 percent rise in second-quarter profit, driven by strong gains in equity investments and higher revenue from investment banking.
Tuesday, July 15, 2014 12:00 AM - David Henry and Tanya Agrawal, Reuters
JPMorgan Chase & Co, the biggest U.S. bank by assets, reported an 8 percent decline in second-quarter profit as a pullback in trading of bonds and currencies by big institutions hit revenue in its securities trading business.
Monday, July 14, 2014 12:00 AM - Tanya Agrawal and David Henry, Reuters
Citigroup Inc. reported a 96 percent drop in quarterly earnings after taking a charge of $3.8 billion related to a $7 billion settlement with the U.S. Department of Justice over the sale of shoddy mortgage-based securities.
Monday, July 14, 2014 12:00 AM - Anil D'Silva, Reuters
Citigroup Inc. said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.
Friday, July 11, 2014 12:00 AM - Peter Rudegeair, Reuters
Wells Fargo & Co., the largest U.S. mortgage lender, reported a 3 percent rise in quarterly profit and said it was seeing a number of signs that the U.S. economy was improving.
Wednesday, July 09, 2014 12:00 AM - Karen Freifeld and Aruna Viswanatha, Reuters
Citigroup Inc. is close to paying about $7-billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.
Tuesday, July 08, 2014 12:00 AM - Cameron French, Reuters
Moody's Investors Service said on Tuesday it has revised its outlook on the Canadian banking system downward due to concerns the government is becoming less willing to bail out banks in the event of a financial crisis.
Monday, June 30, 2014 12:00 AM - Steve Slater, Reuters
China's top banks accounted for almost one-third of a record $920 billion US of profits made by the world's top 1000 banks last year, showing their rise in power since the financial crisis, a survey showed on Monday.