All The World's News
Recent News Headlines : Michael Corbat
FED RESTRICTIONS CONTINUE TO BADGER WELLS FARGO
Wells Fargo, which posted its biggest intraday percentage loss in six and a half years, led losses on the S P 500 index, down 0.18 percent... READ MORE›
FED RESTRICTIONS CONTINUE TO BADGER WELLS FARGO US BANKS DOWN
Wells Fargo, which posted its biggest intraday percentage loss in six and a half years, led losses on the S P 500 index, down 0.18 percent... READ MORE›
BITCOIN BAN EXPANDS ACROSS CREDIT CARDS AS JPMORGAN, BOFA RECOIL
And Bank of America Corp., the nation's two largest banks, said they're halting purchases of Bitcoin and other cryptocurrencies on their credit cards... READ MORE›
#METOO MOVEMENT PUTS PRESSURE ON U.S. BANKS TO DISCLOSE DIVERSITY DATA
Arjuna is still seeking pay ratio details from other banks this spring including Wells Fargo... READ MORE›
TRUMP'S TAX BILL IS BESIEGING WORKERS -- WITH CASH
Nancy Pelosi R-Calif., back in December, referred to as Armageddon as the tax overhaul bill was passed... READ MORE›
BANKS AND FINTECHS ARE DUELLING IN A 'WAR FOR TALENT'
Banks may be losing the talent battle to London's financial-technology industry, but the war for the customer is still to come... READ MORE›
BOFA NET PROFIT SLUMPS ON $2.9 BILLION TAX CHARGE, ADJUSTED INCOME BEA
Excluding the tax charge, Bank of America earned 5.3 billion, or 47 cents per share... READ MORE›
DEUTSCHE BANK TRADING SLUMP RATCHETS UP PRESSURE ON CEO CRYAN
Deutsche Bank AG's sustained trading slump is increasing pressure on Chief Executive Officer John Cryan to prove he can win back investment-banking market share... READ MORE›
CHALLENGES OF DIGITAL PAYMENT IN AFRICA [BUSINESS AFRICA]
In turn, digital platforms are changing the face of access to financial services even for those in the deepest parts of Africa... READ MORE›
Trending News Headlines : Michael Corbat
PANDIT SAYS 30% OF BANK JOBS MAY DISAPPEAR IN NEXT FIVE YEARS
All of that is going to make processes easier, said Pandit, who was Citigroup's chief executive officer from 2007 to 2012... READ MORE›
THIS IS THE FIVE-WORD MESSAGE THAT GOT A CITIGROUP TRADER FIRED
Trader David Madaras his job as the bank fought to appease regulators probing the foreign-exchange scandal engulfing the industry... READ MORE›
BIG BANKS DECLARE WAR ON VENMO
Zelle and Venmo have a lot in common with one major exception... READ MORE›
HOW A SMOOTH TALKER CONVINCED BANKERS TO INVEST $32 MILLION, THEN VANISHED
Inside Hong Kong's posh American Club, few worked a room quite like Avery Stone... READ MORE›
U.S. BANKS GIRD FOR BREXIT-STYLE TUMULT FOLLOWING TUESDAY'S ELECTION
A Citigroup spokeswoman described similar plans, including overnight staff in New York on the trading floor... READ MORE›
BOFA POSTS SOLID GROWTH BOOSTED BY TRADING, RATES
Revenue from trading activities, excluding special items, rose 21.2 percent to 4 billion, helped by a 29 percent increase in fixed-income trading revenue... READ MORE›
NEW YORK'S ONE WORLD TRADE CENTER SPIRE LIT BLUE, WHITE AND RED IN SOLIDARITY WITH FRANCE
Paris attacks New York's One World Trade Center spire lit blue, white and red in solidarity with France... READ MORE›
CITIGROUP 'BOYS' CLUB' DISFAVORS WOMEN, LAWSUIT CLAIMS
The case is Daly v. Citigroup Inc et al, U.S. District Court, Southern District of New York, No... READ MORE›
BANK OF AMERICA BEATS ESTIMATES AS HIGHER RATES BOOST REVENUE
The bank's ratio of expenses to revenue was about 60 percent in the second quarter, down from 62.73 percent in the year-earlier period... READ MORE›
DEUTSCHE BANK TO PAY MORE THAN $40 MILLION TO SETTLE DARK POOL CASES
This marks the third joint case filed this year against a big bank by the SEC and New York in connection with dark pools... READ MORE›
BANK OF AMERICA HAS FILED DOZENS OF BLOCKCHAIN PATENTS
We are keenly focused on the fact that blockchain technology does not rely on central banks and traditional clearing houses, the spokesperson said... READ MORE›
BANK OF AMERICA AGREES TO PAY EX-MERRILL LYNCH BROKERS $12.8 MILLION
As part of the settlement, the bank and Merrill Lynch did not admit or concede to any of the allegations made by the former advisers... READ MORE›
J.P. MORGAN FOUND HACKERS THROUGH BREACH OF CORPORATE EVENT WEBSITE
It said Hold Security began informing its clients of the breach around August, and JPMorgan officials then told Simmco Data... READ MORE›
BANKS ARE ENTERING A 'NEW WORLD ORDER,' ANALYST SAYS
As a result, the team is upgrading Goldman Sachs Group Inc., thanks to its larger exposure to investment banking and investment management... READ MORE›
DEADLY SNOWSTORM LEAVES AT LEAST 18 DEAD IN U.S. EAST COAST
The declarations were issued for Tennessee, North Carolina, Virginia, Maryland, Pennsylvania, Washington, D.C., New Jersey, New York and parts of other states... READ MORE›
WHY BARCLAYS CEO STALEY OPTED FOR WAR WHEN DIMON CHOSE SURRENDER
Jes Staley, Dimon's former deputy, is taking a more combative approach at Barclays Plc... READ MORE›
7 BANK RIP-OFFS THAT WONT EXIST IN 2020
As a result of their cosy oligopoly, Australian banks have become the most profitable in the world, collecting 29 billion in profit this year... READ MORE›
WORLD'S BIG BANKS SET TO BE SUED IN LONDON OVER FOREX RIGGING
The other banks involved in the case are RBS, BNP Paribas, UBS, Bank of America, JP Morgan, Citibank and Goldman Sachs... READ MORE›
SINGAPORE CENTRAL BANK, BANK ASSOCIATION, ACCENTURE IN BLOCKCHAIN TIE-UP
The project aims to improve how central banks and financial institutions deal with the settlement of payments, Accenture said in a statement... READ MORE›
SAMSUNG ELECTRONICS UNVEILS HIGH-END PHONES IN SEARCH OF SALES BOOST
Each new version has been more popular than the last, said Justin Denison, vice president of product strategy and marketing for Samsung Electronics America... READ MORE›
BANK OF AMERICA BOOSTS CEO MOYNIHANS PAY 25
Awarded Chief Executive Officer Brian T. Moynihan 20 million for his work last year, raising his compensation 25 percent, while Citigroup Inc... READ MORE›
GOLDMAN SACHS PROFIT SOARS ON BOND TRADING AND CURTAILED COSTS
Goldman reported nearly 2 billion in revenue from trading fixed income, currency and commodities, making it the biggest contributor to overall revenue... READ MORE›
SAMSUNG ELECTRONICS UNVEILS HIGH-END PHONES IN SEARCH OF SALES BOOST
Each new version has been more popular than the last, said Justin Denison, vice president of product strategy and marketing for Samsung Electronics America... READ MORE›
BUFFETT'S BERKSHIRE ON VERGE OF BECOMING BOFA'S TOP SHAREHOLDER
A swap would also let Berkshire enjoy gains if Bank of America's stock price rose... READ MORE›
TWITTER REACTS TO NYSE, UNITED GLITCHES
Post to Facebook Twitter reacts to NYSE United glitches Cascading effects on American life sent many scurrying to social media in search of levity... READ MORE›
WALL ST. PUMPS MORE MONEY TO REPUBLICANS, AS IDEOLOGY TRUMPS ISSUES
In fact, the shift comes as many of the traditional financial services donors express apathy toward Washington... READ MORE›
JPMORGAN CHASE ON TRACK TO PAY $4 BILLION TO HOMEOWNERS AS PART OF SETTLEMENT
The relief comes in the form of mortgage forgiveness, refinancing and disaster area lending... READ MORE›
BOFA'S INTEREST INCOME DROPS EVEN AFTER FED DELIVERS RATE HIKES
After the Fed raised interest rates in December, Bank of America reported more than 700 million in additional net interest income in the first quarter... READ MORE›
BANK OF AMERICA CHIPS AWAY AT BROKERAGE INDUSTRY TRUCE
Bank of America acquired Merrill Lynch in 2009 in the wake of the financial crisis... READ MORE›
BANK OF AMERICA PROFIT FALLS 19.4 PERCENT AS INTEREST INCOME DROPS
Bank of America's adjusted trading revenue increased 11.7 percent to 3.70 billion in the quarter... READ MORE›