NEW YORK: Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person’s...
NEW YORK: JPMorgan Chase & Co., the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the...
NEW YORK: Citigroup Inc. has been quietly scaling back its consumer banking presence in some of the world’s major cities, pulling out from markets where it...
NEW YORK/WASHINGTON: The Federal Reserve may scrap international measures which are aimed at assessing bank health in favor of imposing its own rules,...
New York: J.P. Morgan Chase & Co. posted far weaker-than-expected quarterly profit as uncertainty about the U.S. economy weighed on investor trading volumes...
BOSTON/NEW YORK: The hackers who attacked Target Corp. and compromised up to 40 million credit cards and debit cards also managed to steal encrypted personal...
NEW YORK: The new chief executive of Citigroup Inc named two company veterans to lead its institutional and consumer businesses on Monday and set lines of...
NEW YORK: Citigroup Inc. CEO Vikram Pandit resigned abruptly Tuesday, effective immediately, a shock change at the top of the No. 3 U.S. bank just one day...
NEW YORK: Citigroup Inc. made more money from mortgage lending and trading stocks and bonds in the third quarter, but profit dropped after it wrote down the...
SAN FRANCISCO/NEW YORK: EBay Inc Chief Executive John Donahoe often quotes a merchant saying NFC stands for "Not For Commerce" - and dismisses the...
Morgan Stanley and Citigroup Inc have agreed to value their brokerage joint venture at $13.5 billion, settling a months-long dispute in a victory for Morgan...
LONDON/NEW YORK: The leader of JPMorgan Chase & Co's hedging unit is retiring, the bank said on Monday, marking the first casualty from stunning...
BANGALORE/NEW YORK: Standard & Poor’s has announced its president is stepping down, capping two weeks of controversy following the rating...