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September 19, 2016
Banks focus more on new accounts _ and the fees they bring
When Wells Fargo CEO John Stumpf testifies before a Senate committee hearing Tuesday, it won't be just his bank under fire ...
August 05, 2016
US stocks rise to record highs after strong jobs report
U.S. stocks jumped to record highs Friday after a strong jobs report for the month of July gave investors more confidence ...
July 20, 2016
In surprise, GOP looks to revive Depression-era banking law
The Republican Party has taken a page straight out of the campaign books of Bernie Sanders and Elizabeth Warren. What? No, ...
July 15, 2016
Citigroup's profit falls 17 percent, still beats forecasts
Citigroup's earnings fell 17 percent in the second quarter, hurt by weak results in consumer banking as interest rates remain ...
July 14, 2016
JPMorgan's results beat forecasts as trading revenue jumps
JPMorgan Chase & Co. reported solid second-quarter earnings Thursday as trading revenue jumped. The bank was also able to ...
June 24, 2016
Global stocks tumble after Britain votes to leave the EU
Stocks plunged in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned ...
June 23, 2016
Nation's largest banks all pass Fed's 'stress tests'
The largest U.S. financial institutions have enough armor to withstand the turmoil of a major and prolonged national and ...
June 10, 2016
US stocks give up recent gains as oil prices sink
U.S. stocks skidded Friday in a wave of selling that wiped out most of the market's gains from earlier this week. A drop in ...
June 03, 2016
Big banks, waited years for a rate hike, get pummeled
With oddsmakers all but pulling a summer rate hike off the table after a terrible U.S. jobs report and a wash of other ...
June 01, 2016
US bank earnings dip 2 percent in 1Q amid low oil prices
The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the ...
May 19, 2016
Mine environmental risk grows with bankruptcies in big coal
As more coal companies file for bankruptcy, it's increasingly likely that taxpayers will be stuck with the very high costs ...
May 13, 2016
US stocks take a late tumble as retail suffering continues
A late slump Friday pulled U.S. stocks to their third straight weekly loss. Companies that make clothing, food and household ...
April 20, 2016
American Express' earnings fall, but still beat estimates
American Express's first-quarter profits declined 8 percent from a year earlier, as the company continues to spend heavily ...
April 15, 2016
US stocks dip with oil prices, but finish the week higher
U.S. stocks took small losses in quiet trading Friday as energy companies sank with the price of oil, but the market finished ...
April 15, 2016
Citigroup's profit sinks 27 percent, but beats expectations
Citigroup's profit fell nearly 27 percent in the first quarter, hurt by weak results at its consumer bank and trading ...
April 14, 2016
Bank of America profit drops 18 percent on weak trading unit
Bank of America's first-quarter profit fell more than 18 percent from a year earlier, hurt by weak performance in its trading ...
April 13, 2016
Some big US banks have 6 months to shape up plans
Five of the biggest U.S. banks have six months to get their disaster plans in shape. That's the message regulators issued ...
April 11, 2016
US, Goldman Sachs reach $5B settlement over risky mortgages
The Justice Department on Monday announced a roughly $5 billion settlement with Goldman Sachs over the sale of ...