Germany's state-owned development bank KfW, which gained publicity for erroneously transferring hundreds of millions of euros to Lehman Brothers Holdings Inc... READ MORE›
Trader David Madaras his job as the bank fought to appease regulators probing the foreign-exchange scandal engulfing the industry... READ MORE›
Inside Hong Kong's posh American Club, few worked a room quite like Avery Stone... READ MORE›
A Citigroup spokeswoman described similar plans, including overnight staff in New York on the trading floor... READ MORE›
On the basis of the IMF's assessment, the consequences of a Deutsche Bank collapse could be worse than the signature event of the global banking crisis... READ MORE›
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›
The case is Daly v. Citigroup Inc et al, U.S. District Court, Southern District of New York, No... READ MORE›
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›
Four major U.S. lenders reported an average 33 percent drop in second-quarter mortgage banking revenue on Friday, compared with the same quarter of last year... READ MORE›
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›
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›
Bloomberg's dollar index retreated, while the pound is increasingly being buffeted by conflicting projections of the general election outcome... READ MORE›
The other banks involved in the case are RBS, BNP Paribas, UBS, Bank of America, JP Morgan, Citibank and Goldman Sachs... READ MORE›
Big banks see the need to shrink - but face a path full of obstacles... READ MORE›
A swap would also let Berkshire enjoy gains if Bank of America's stock price rose... READ MORE›
European Union countries apply the same international rules on capital requirements... READ MORE›
In Europe, dozens of senior managers and BNP's front office staff in energy trade finance left the bank between 2011-2013, according to insiders and trading sources... READ MORE›
26, Rosneft raised 400 billion rubles in the domestic bond market, also saying it would not use the funds to buy foreign currency... READ MORE›
Bank of America acquired Merrill Lynch in 2009 in the wake of the financial crisis... READ MORE›
Banks remain highly liquid despite recent global market volatility and are eager to lend in size to core corporate clients such as AB InBev... READ MORE›
The only bank that has stopped working with HNA is Bank of America Merrill Lynch, Tan said, adding the bank had not dealt closely with HNA to begin with... READ MORE›
SMBC will acquire the Citibank Japan retail banking operation's 1,600 employees and 32 branches and merge it with its private banking subsidiary SMBC Trust Bank, the companies said... READ MORE›
NEW YORK-- Despite losing its spot as the nation's third largest bank last year, Citigroup C gave its CEO, Michael Corbat, a 27 percent pay raise... READ MORE›
And Switzerland have already ruled that UBS and Bank of America manipulated foreign exchange markets and didn't properly supervise their traders... READ MORE›
GE Capital's Japanese commercial finance operations are part of this wider sale process, with one person familiar with the matter valuing them at around 5 billion... READ MORE›
Citi said on Wednesday its branch network in Texas did not provide the scale to capture future growth and market share in traditional retail banking... READ MORE›
Commerzbank knowingly banked for the Islamic Republic of Iran Shipping Lines, one of the sources said... READ MORE›
German banking laws generally prohibit parent banks from using all of their subsidiaries' capital to ensure each legal entity can meet individual capital requirements... READ MORE›
DoJ seeks felony pleas by big banks in foreign currency inquiry NYT... READ MORE›
To have a 2.5 percent capital buffer--the second-highest risk bracket--compared to last year's 2 percent requirement, and Bank of America Corp... READ MORE›
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