Bank of America Corp. reported a 15 percent rise in third-quarter profit on Friday as the lender kept a tight leash on costs and benefited from higher interest rates.
Goldman Sachs Group Inc. is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows.
U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma delayed hiring and left displaced workers temporarily unemployed, the latest indication that the storms undercut economic activity in the third quarter.
The budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald Trump and top congressional Republicans, with one leading Senate hawk saying a week after the plan was introduced that any enlarging of the fiscal gap could kill his support.
Financial Industry Regulatory Authority said on Monday it ordered Wall Street investment bank and securities brokerage Morgan Stanley to pay $13 million in fines and restitution to clients for inadequately supervising certain short-term trades.
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a firming jobs market.
A homeowner has filed a lawsuit accusing Wells Fargo & Co. of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications were delayed.
U.S. authorities have charged two managers at French bank Societe Generale with taking part in a scheme to manipulate the global U.S. dollar Libor benchmark interest rate.
After a turbulent year of anti-globalization backlash, central bankers still argue open borders and free trade are the key to more jobs, growth and prosperity.
JPMorgan Chase & Co. said on Monday it will contribute up to $2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester.
U.S. luxury homebuilder Toll Brothers Inc.’s quarterly revenue fell just short of Wall Street estimates as the company’s new line of lower-priced homes targeting Millennials weighed on average selling prices.
After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co. has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds.
Wells Fargo & Co. Vice Chair Betsy Duke will replace retiring Chair Stephen Sanger next year, one of several changes announced on Tuesday in a board overhaul following a sales practices scandal.
As the United States, Canada and Mexico kick off negotiations on Wednesday to modernize the North American Free Trade Agreement, the biggest uncertainty is whether a deal can pass President Donald Trump’s “America First” test.
Wells Fargo will likely turn to a former community banker and Fed official to head its board as the scandal-ridden bank tries to restore its former reputation as a solid, plain-vanilla lender, people familiar with the matter told Reuters.
U.S. employers hired more workers than expected in July and raised their wages – signs of labor market tightness that likely clears the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio.
A new lawsuit accuses Wells Fargo & Co. of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies.
Wells Fargo and Co. said it would reimburse about $80 million to 570,000 customers who may have been charged incorrectly due to issues related to auto collateral protection insurance (CPI) policies.