Deutsche Bank AG, Germany's biggest bank, reported a 48% increase in first-quarter profit as record earnings at the investment bank outweighed a loss from asset and wealth management.

Six former brokers at Citigroup Inc.'s Smith Barney unit have lost a lawsuit against the banking company to evade repaying the remainder of their signing bonuses, which totaled $1.51 million.

A report says that, though financial advisers expect this to be a great year, wire houses are still feeling the turbulence, and breakaway brokers, though waning, are still a concern.

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.

While the inventory of new and existing homes is tight, competition for smaller homes is heating up as aging baby boomers are down-sizing and selling their residences.

A Long Island, N.Y., man was sentenced to prison time and ordered to pay $2.5 million after pleading guilty in June to ripping off distressed homeowners, said Christy Romero, the Tarp special inspector general.

One of the few clear implications from the initial two months of the lockdown with the changes to consumer behavior and the uncertainty ahead is the imperative for organizations to regain clarity on credit risk by obtaining a more complete picture of consumer creditworthiness, says LexisNexis Risk Solutions' Ankush Tewari.

The coronavirus pandemic has forced some branches to close, but demand for in-person advice remains strong.

Fintechs must have the ability to adapt if they're to survive the crisis and thrive afterward, Daumantas Barauskas of Genome says.