Fidelity National Agrees to Buy SunGard for $9.1 Billion
The deal combines a banking and payment firm with a software maker, while pushing Fidelity into the wealth space.
Puerto Rico Agency Poised to Default on $58 Million Payment
Officials are pushing for what may be the biggest restructuring ever in the municipal market.
Treasury Securities Dealers Accused of Collusion in Lawsuit
Bank of America and Goldman Sachs are among 22 financial companies accused of colluding to rig Treasury securities auctions in a lawsuit filed by investors.
Moynihan Tightens BofA Grip as Friction Said to Spur Shakeup
Bank of America CEO Brian Moynihan named the fourth finance chief of his tenure in a broad shakeup as he seeks to reverse shrinking revenue.
Credit Suisse to Shrink Investment Bank, Focus on Wealthy
Regulatory issues continue to plague some of the bank's operations, CEO Thiam says.
Yellen Upbeat on Economy Amid GOP Attacks
Yellen rejects more oversight of Fed as House Republicans criticize her.
BofA Takes ‘Giant Step’ as Mortgages, Cost Cuts Fuel Profit
The news follows CEO Moynihan's remarks in May that the firm would have to cut costs further in its trading division.
Bank Overseer Lawsky to Depart, After Making New York $6B Richer
Benjamin Lawsky will step down next month as New York’s top bank regulator. He plans to set up a cybersecurity consulting firm.
Six Banks to Pay $5.8 Billion, 5 Plead Guilty to Market Rigging
The charges and settlement are tied to the banks' manipulation of foreign-exchange trading, according to the Justice Department.
SEC Investigates Bank of America for Doing Nothing
If you make it too obvious that your transaction is about getting around rules, that's the sort of thing that the SEC doesn't like.