BofA Said to Face SEC Probe Over Customer Protection Rules
Bank of America is being investigated by the SEC over whether it broke rules designed to safeguard customer accounts, according to the Wall Street Journal.
Citigroup Beats Estimates as Cost Cuts Cushion Trading Slump
The bank still faces several investigations, which may negatively impact upcoming financial results.
Goldman Profit at 5-Year High as Every Business Tops Estimates
The investment bank turns things around after last quarter's decline in net income.
Morgan Stanley Boosted Gorman’s Pay 25% for 2014
James Gorman received $22.5 million for his performance last year, but a few other CEOs earned even more.
ING Plans $2 Billion Voya Stock Sale to Exit Insurer
ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19% stake in Voya Financial Inc.
Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement With US
Other firms have agreed to spend more than $35 billion over issues tied to the ’08 financial crisis.
U.S. Banks Hoard $2 Trillion of Ultra-Safe Bonds
What do America’s banks know about the state of the U.S. economy that has them hoarding Treasuries?
S&P to Pay $1.5 Billion Fine to US, States Over Mortgage Bond Ratings
S&P will pay more than a year’s profit to settle suits that it inflated ratings on subprime-mortgage bonds.
Time for Broker Crackdown as Abuses Cost Retirement Savers Billions: Obama Aide
A leaked White House memo estimates the cost to 401(k) savers of broker practices like excessive trading and calls for tighter rules.
Goldman Sachs Profit Declines on Drop in Fixed-Income Trading
The firm posted its lowest annual trading revenues since 2005.