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Big Bank Earnings

UBS Posts Major Loss On Scandals, Lawsuits

AP | JOHN HEILPRIN | Posted 04.07.2013 | Business

GENEVA — Switzerland's biggest bank, UBS AG, posted Tuesday a 1.9 billion francs ($2.1 billion) loss for the fourth quarter in the wake of a ser...

Great News For Goldman

Reuters | Posted 01.16.2013 | Business

Jan 16 (Reuters) - Goldman Sachs Group Inc said its fourth-quarter earnings nearly tripled, driven by big gains in stock and bond values, increased re...

'Shameful And Embarrassing'

Reuters | Posted 01.23.2014 | Business

* Adds $800 mln to provision for lax anti-money laundering controls * Fine could be "significantly higher", likely to involve crimina...

Bring Out The Axe

Reuters | Posted 12.24.2012 | Business

(Repeats to additional subscribers. No change to text) * Q3 net profit 254 mln Sfr vs avg poll forecast 370 mln * Profit...

Wells Fargo's Profits Rise As It Set Aside Less Money For Bad Loans

Reuters | Posted 06.13.2012 | Business

* Wells Fargo reports higher Q1 profit * Q1 EPS 75 vs. 67 cents a year earlier * Results helped by mortgage results ...

Great Expectations

Reuters | Posted 06.08.2012 | Business

* Earnings reports follow 24 pct rise in bank stocks this year * Some big banks could show profit decline from year ago ...

Big Bank Sees Profit Drop On Lower Investment Banking Income

AP | PALLAVI GOGOI | Posted 03.18.2012 | Business

NEW YORK — Citigroup has a world of problems. The bank is proud of its global reach – 1,400 branches in 46 countries. But in Asia, the ec...

Wells Fargo Sees Profit Boost, As Bank Set Aside Less To Cover Bad Loans

Reuters | Posted 03.18.2012 | Business

* Q4 EPS 73 cents per share vs. 61 cents a year ago * Bank set aside less money for bad loans * Wells posts 2 percent co...

FDIC: Banks Take Home Most Money In Four Years

AP | DEREK KRAVITZ | Posted 01.22.2012 | Business

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the ...