UBS (NYSE: UBS) Beats Q2 Profit Estimates, Stock Jumps
ZURICH – On Wednesday, Swiss bank UBS (NYSE: UBS) posted a quarterly profit that was double the market forecast, buoyed […]
UBS (NYSE: UBS) Beats Q2 Profit Estimates, Stock Jumps Read More »
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B. Riley Financial (NASDAQ: RILY) Stock Hit Eight-Year Low as Bank Delays Quarterly Report
Investment bank B. Riley Financial’s shares (NASDAQ: RILY) hit their lowest in nearly eight years on Tuesday, after it delayed
Russia Revokes Banking License of American Express Subsidiary
On Tuesday, Russia’s central bank canceled the banking license of American Express Co’s Russian subsidiary after the U.S. lender’s unit
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Citigroup’s Head of Digital Assets for Markets Unit Steps Down, Memo Says
NEW YORK – Citigroup’s (NYSE: C) head of digital assets for its markets unit, Shobhit Maini, is leaving the bank
Citigroup’s Head of Digital Assets for Markets Unit Steps Down, Memo Says Read More »
KeyCorp (NYSE: KEY) Stock Surges as Scotiabank Buys 14.9% Stake for $2.8 Billion
Scotiabank is buying a 14.9% stake in American regional lender KeyCorp (NYSE: KEY) for $2.8 billion, as the Canadian bank
KeyCorp (NYSE: KEY) Stock Surges as Scotiabank Buys 14.9% Stake for $2.8 Billion Read More »
Citigroup’s Wealth Unit Announces Sale of Trust Services Business
NEW YORK – Citigroup’s (NYSE: C) wealth unit has initiated a process to sell its trust administration and fiduciary services
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Citigroup (NYSE: C) Whistleblower Loses Claim to Part of $400M Civil Fine
NEW YORK – On Tuesday, a federal appeals court said a Citigroup (NYSE: C) vice president was not entitled to
Citigroup (NYSE: C) Whistleblower Loses Claim to Part of $400M Civil Fine Read More »
UBS Files $200 Million Lawsuit Against Bank of America Over Crisis-Era Mortgage Costs
NEW YORK – On Wednesday, UBS (NYSE: UBS) sued Bank of America (NYSE: BAC) for $200 million, saying the second-largest
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Exclusive: Citigroup (NYSE: C) Breached a Rule Meant to Keep Banks Safe, Made Liquidity Reporting Errors
NEW YORK – Citigroup (NYSE: C) repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors
Buffett Trims Bank of America (NYSE: BAC) Stake, Sales Top $3 Billion
Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A, NYSE: BRK-B) sold more Bank of America (NYSE: BAC) shares, boosting sales to more
Buffett Trims Bank of America (NYSE: BAC) Stake, Sales Top $3 Billion Read More »
Exclusive: Swiss Watchdog Reviews UBS Vetting of Wealthy Credit Suisse Clients, Sources Say
LONDON/ZURICH – Switzerland’s financial supervisor has been scrutinizing how UBS (NYSE: UBS) vets risky wealthy clients that it wants to
UBS Group (NYSE: UBS) To Sell Former Credit Suisse Unit to Its Management
ZURICH – UBS Group (NYSE: UBS) has agreed to sell a former insurance-linked investment arm of Credit Suisse to the
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Berkshire Hathaway Offloads $1.48 Billion in Bank of America (NYSE: BAC) Shares
Berkshire Hathaway (NYSE: BRK-A, NYSE: BRK-B) sold about 33.9 million shares of Bank of America (NYSE: BAC) for around $1.48
Berkshire Hathaway Offloads $1.48 Billion in Bank of America (NYSE: BAC) Shares Read More »
Citigroup (NYSE: C) Names James Morris as New Head of UK Commercial Bank
NEW YORK – Citigroup (NYSE: C) appointed James Morris as the head of its commercial bank for Britain, the bank
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Citigroup (NYSE: C) Smashes Q2 Profit Estimates as Investment Banking and Services Thrive
Citigroup (NYSE: C) beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets,
Citigroup’s head of risk data leaves in latest senior exit
NEW YORK/LONDON (Reuters) -Citigroup’s head of risk data, analytics, reporting, and tech Peter Cai has left the bank, a spokesman
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Bank of America (NYSE: BAC) Stock Rises on Back of Bullish Forecast from Baird
Bank of America (NYSE: BAC) stock is trading higher in the early trading hours on Thursday as Baird, a prominent
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Bank of America (NYSE: BAC) Stock Takes a Dive Post Q1 Earnings Release
Bank of America (NYSE: BAC) stock fell over 3% in intraday trading Tuesday following the release of first-quarter financial results.
Bank of America (NYSE: BAC) Stock Takes a Dive Post Q1 Earnings Release Read More »
Citigroup (NYSE: C) Outperforms Expectations in Q1, Stock Gains Momentum
Citigroup (NYSE: C) stock is rising in the early trading hours Monday as the bank reported better-than-expected top and bottom-line
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Bank of America (NYSE: BAC) Shares Soar on Digital Transformation Accolades
Bank of America Corporation (NYSE: BAC) stock jumped over 3% on Tuesday after receiving top scores in the Coalition Greenwich
Bank of America (NYSE: BAC) Shares Soar on Digital Transformation Accolades Read More »
Bank of America Corporation (NYSE: BAC) Shares Drop as Q4 Earnings Slip
Bank of America Corporation (NYSE: BAC) declined more than 1% on Friday as the firm disclosed a decline in fourth-quarter
Bank of America Corporation (NYSE: BAC) Shares Drop as Q4 Earnings Slip Read More »