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.

Industry critics argue the Invitation Homes deal will create new risks for Fannie Mae and remove affordable inventory from homebuyers.

Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau's "Qualified Mortgage" rule.

The debt is costing taxpayers $4 billion a year, but rather than forgive it Republicans remain focused on creating a private flood insurance market.

s part of a global financial community, we must consider the long-term impact and see financial inclusion as a fundamental priority as we look to rebuild a fairer, more sustainable world, says Icon Solutions' Darren Caprehorn.

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.