Bank News

LONDON -- Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented ov...

* Largest U.S. bank reaches preliminary settlement * More than 30 lenders sued over overdraft fees * Bank of America $41...

It might not be the right method for everyone seeking a home loan -- it requires both a good credit score (798) and some singing and guitar-playing sk...

NEW YORK — Citigroup Inc. is selling its Belgian consumer business to French bank Credit Mutuel Nord Europe as the New York bank continues to se...

NEW YORK (Reuters) - Confidential whistleblower documents that helped spark a massive state and federal investigation into how Bank of New York Me...

Bank of America Corp is lagging behind its major U.S. competitors in complying with new capital rules, leading the bank to consider even more ass...

NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to ...

Shares of Bank of America Corp traded below $5 on Monday for the first time since the depths of the current bear market in March 2009. The sto...

WASHINGTON (Reuters) - The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest bank...

Wells Fargo will pay $148.2 million to settle federal and state charges that it rigged dozens of bidding competitions to win business from cities and ...

NEW YORK — Jamie Dimon, the CEO of JPMorgan Chase & Co., is railing against bashing the rich. Dimon was responding Wednesday to a question at a...

Crisis-hit Franco-Belgian bank Dexia (DEXI.BR) has secured temporary financing guarantees from Belgium, France and Luxembourg to keep it running w...

Though the Wall Street workforce is getting more diverse, white men are still taking home most of the bacon. White men made up more than 60 percen...

NEW YORK — Standard & Poor's Ratings Services has lowered its credit ratings for many of the world's largest financial institutions, including t...

A federal judge blocked what would have been a $285 million mortgage settlement between Citigroup and the Securities and Exchange Commission, accordin...

The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut...

Big banks shouldn't rest easy, the debit fee debacle isn't over. The Justice Department is reviewing claims by a lawmaker that banking industry of...

Big bank interest in netting a profit on the backs of customers may end up backfiring. The top 10 retail banks are projected to lose $185 billion ...

A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation Frida...

One man is suing Bank of America after the company allegedly handed over his account to another customer with the same name. Konstantinos Alexopou...

Fitch Ratings warned that it may reduce its "stable" rating outlook for U.S. banks with large capital markets businesses because of contagion from...

NEW YORK — Chase is scrapping the test run of a checking account that charged customers a fixed $10 monthly fee. The trial in Oklahoma was a de...

Bankers, enduring rounds of deep job cuts, face the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly...

Tens of thousands of Americans joined credit unions on Saturday, as the Bank Transfer Day movement encouraged consumers to move their money out of big...

It's not just local non-profit credit unions that are benefiting from anger directed at big banks -- the world's largest retailer is also getting a bo...