U.S. fines Wall St firms a striking $1.8 billion for lacking transparency in deals
U.S. regulators punished 16 financial institutions, including Barclays (BARC.L), Citigroup, Bank of America, Credit Suisse (CSGN.S), Morgan Stanley, Goldman Sachs, and UBS (UBSG.S), for...
Central banks increase rates once more as the Fed fights inflation
In a coordinated effort to combat global inflation that is upending financial markets and the economy, several central banks from all over the world...
Congress to question the heads of major U.S. banks on consumer & social issues
This week, lawmakers will question the top executives of JPMorgan, the Bank of America, Wells Fargo, Citigroup, and other significant U.S. retail banks on...
BOJ appears to be preparing for currency intervention by checking FX rates—Nikkei
As authorities increased their cautions about sudden drops in the yen, the Nikkei newspaper stated on Wednesday that the Bank of Japan has performed...
HSBC aggressively pitches a growth plan to irate investors
A day after rejecting a pull-back plan by its top investor, HSBC officials on Tuesday reaffirmed the lender's business strategy of operating as a global...