The proposal to hike holdings for the biggest lenders to buttress market shocks was sliced more than in half.
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The German government is planning to make it easier for companies in the financial sector to fire high-earning employees.
Wells Fargo said Tuesday that it will sell most of its commercial mortgage servicing business to Trimont, a global loan services provider.
UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.
Canada’s Scotiabank, one of the country’s big six lenders, announced Monday that it bought a 14.9% stake in US regional lender KeyCorp.
Major US banks are being probed by the Consumer Financial Protection Bureau (CFPB) over how they handle fraud on P2P payments app Zelle.
Wall Street’s biggest banks are increasingly working with mid-sized companies — much to the chagrin of mid-sized and boutique banks.
Unlike making a purchase on Amazon or eBay, financial transaction data gives a more complete profile picture.
Wells Fargo said the allegations involved “simulation of keyboard activity” that created the “impression of active work.”
Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”
Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.
The slow integration of Credit Suisse has only exacerbated existing problems with UBS’s asset management unit.
Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.
In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.
JPMorgan’s CEO sees a lot of potential in the US economy — and plenty of obstacles to overcome.
The Americans have warned that further inroads to France’s capital may not happen without some dismissal-pay flexibility.