Wells Fargo faces mounting pressure to cut costs as revenue stagnates
Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns. ... Read full article
Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns. ... Read full article
A sullied reputation and frustrations with bureaucracy have driven some advisers to the competition. ... Read full article
Citigroup spent years reeling in customers with promotional rates, many of which have expired or soon will. The bank thinks it can keep a large number of those customers and make more money off of them. ... Read full article
The largest U.S. bank's strong third quarter did not insulate its leaders from being pressed about the downside of pricey investments in technology, whether capital rules make commercial lending growth hard for big banks to achieve, and whether ... Read full article
The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits. ... Read full article
Wells Fargo & Co. hasn’t yet fixed all of its problems, but at least it stopped its revenue slump. ... Read full article
JPMorgan and Citibank post better-than-expected results; Adding workers and promoting its charitable efforts, the bank hopes to win favor. ... Read full article
Double-digit gains in interest and noninterest income more than offset higher deposit, compensation costs. ... Read full article
The biggest U.S. bank leaned on old-fashioned lending in the third quarter to weather a slump in fixed-income trading. ... Read full article
Efficiency gains also drove results at the Kansas City, Mo., company. ... Read full article
The third interest rate increase of the year could have a significant impact on banks' lending, deposit gathering and even M&A decisions. Here's what to expect. ... Read full article
Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income. ... Read full article
Big banks are expected to report that commercial lending weakened in the third quarter thanks to tax cuts, nonbank competition and seasonal factors. It raises questions about whether the second-quarter rally was an anomaly and if an overall economic ... Read full article
Several other recent hires may have been an attempt to refute charges it can’t attract top talent; rising rates have helped banks, but a reckoning awaits. ... Read full article
Profits at big banks should be solid if not spectacular; the Vermont senator proposes a hard cap on assets held by the biggest banks. ... Read full article
The company will record a quarterly charge after reporting potential fraud tied to commercial deposit accounts. ... Read full article
First Foundation sold loans to Freddie Mac to free up space for higher-yielding credits. It then bought the securities that were formed to replace other, lower-yielding assets through an often overlooked program. ... Read full article
Laplanche agrees to a three-year securities industry ban and a small fine to settle SEC fraud charges on loan sales; analysts are expecting a "tepid" quarter as some trading activity suffers. ... Read full article
Large retailers want the right to reject rewards cards at the point of sale to avoid higher swipe fees; Germany's financial regulator appoints an auditor to monitor the Deutsche Bank's progress. ... Read full article
The Dallas company said a commercial client submitted falsified documents that inflated how much colloteral it had available. ... Read full article