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Wells Fargo named Allen Parker, former head of the Cravath law firm, as its new top lawyer; the Federal Reserve may bring charges against JPMorgan trader who lost $6.2 billion.
By George YacikMarch 7 -
The German bank announces another corporate remake plus $8.5 billion in capital raising; China's banking system is now world's largest, although that's not necessarily a good thing.
By George YacikMarch 6 -
Some of the bank's large institutional investors say it hasn't done enough following the scandal; digital currency tops bullion price for first time.
By George YacikMarch 3 -
Bank removes perks for eight top executives as repercussions from fake accounts scandal continue; former tech executives leave world's biggest hedge fund after short tenures.
By George YacikMarch 2 -
The FDIC said banking industry profits rose nearly 5% to $171 billion last year; at the same time, the agency's chairman says higher rates may expose bad loans at smaller banks.
By George YacikMarch 1 -
The longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity research unit; marketplace lender forms group to buy $5 billion of loans
By George YacikFebruary 28 -
Lending by U.S. banks continued to fall in February after dropping the previous two months despite Trump euphoria; American banks are shifting jobs to Asian countries.
By George YacikFebruary 27 -
The British bank recovered after two years of red ink and is close to finishing a major restructuring; DOJ, Treasury and New York state are investigating the credit card lender.
By George YacikFebruary 24 -
Retailers are prepared to go to the mat to defend the Durbin Amendment on swipe fees; tech firms who sought to displace big banks now sell their wares to them.
By George YacikFebruary 23 -
Four retail managers are the first senior employees let go by the bank for their roles in the phony accounts scandal; federal court rules against investors in GSE suit.
By George YacikFebruary 22