SYDNEY (Reuters) - An Australian inquiry into financial sector misconduct claimed its first scalp on Friday as the chief executive of the country's largest wealth manager stepped down over revelations of board-level deception and misappropriation of funds
NEW YORK (Reuters) - New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations and the public interest.
SYDNEY (Reuters) - An Australian inquiry into the financial services sector heard tearful testimony on Thursday from a nurse who lost her home after taking advice from a major lender, and that the country's biggest bank knowingly charged dead clients for
SYDNEY (Reuters) - Australian Treasurer Scott Morrison warned on Wednesday that financial sector executives responsible for widespread breaches of corporate law could face jail, as a powerful judicial inquiry heard more evidence of misconduct by the count
NEW YORK (Reuters) - Goldman Sachs Group Inc on Tuesday reported a year-on-year jump in debt underwriting revenue after working on financing for big M&A deals that some peers missed out on.
LONDON (Reuters) - A prominent campaigner to leave the European Union, Arron Banks, denied allegations on Tuesday by a former employee of political consultancy Cambridge Analytica that he had misused personal data for political purposes.
NEW YORK (Reuters) - Wells Fargo & Co's two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its
SYDNEY (Reuters) - Australia's largest wealth manager AMP Ltd lied to the country's corporate watchdog for almost a decade to cover its widespread practice of charging customers for services it did not provide, an inquiry heard on Tuesday.
NEW YORK/DHAKA (Reuters) - An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank's planned suit to recover $66 million still lost in one of the wo
WASHINGTON (Reuters) - The U.S. Federal Reserve on Friday proposed revising bank regulatory capital rules to ease the impact of new international accounting standards for credit losses.
WASHINGTON (Reuters) - The U.S. House of Representatives voted on Friday to name the Federal Reserve as the primary regulator for the “Volcker Rule,” which bars banks from speculative trading.
NEW YORK (Reuters) - Banks have not reaped the full benefit of U.S. tax cuts, Wall Street executives said on Friday after a string of quarterly results, with expected business growth and higher consumer spending yet to materialize.
NEW YORK (Reuters) - Wells Fargo & Co believes the U.S. government, rather than banks, should set rules to promote gun safety, its finance chief said on Friday.
MILAN (Reuters) - Italy's Open Fiber has enlisted banks to help fund the 6.5 billion euro ($8 billion) rollout of its fast broadband network, it said on Friday, confirming an earlier Reuters report.
(Reuters) - U.S. stock index futures inched higher on Friday as banking shares rose on the first major release of the earnings season and geopolitical tensions and concerns over tit-for-tat trade tariffs retreated.
BERLIN (Reuters) - Deutsche Bank's sudden change in chief executive could prolong the lender's restructuring, ratings agency Standard & Poor's (S&P) said as it placed the bank on "credit watch negative" late on Thursday.
LONDON (Reuters) - After shaking up the music industry, Spotify is now prompting investors to question the value they get from investment banks underwriting new listings with its low-cost IPO.
TOKYO (Reuters) - Takeda Pharmaceutical Co Ltd has sounded out creditors for loans, sources with direct knowledge of the matter said, as it moves closer to making a bid for London-listed rare disease specialist Shire that could top $40 billion.
WASHINGTON (Reuters) - All of the Federal Reserve's policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months, minutes of the central bank's last policy meeting on March 20-21 released on Wednesday showe
NEW YORK (Reuters) - Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits.
FRANKFURT (Reuters) - Deutsche Bank's new chief executive faces the same strategic problem that has long preoccupied its top management - whether or not to override the rainmakers and big earners at its powerful investment bank to shrink that business.
WASHINGTON/NEW YORK (Reuters) - Rival lenders privately congratulated the top U.S. consumer watchdog on its $100 million settlement with Wells Fargo over the bank's phony accounts scandal, according to internal documents published by the Consumer Financia