United States


Small banks trump Wall Street on Dodd-Frank rewrite

WASHINGTON Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc , Morgan Stanley and JPMorgan Chase & Co , will not be breaking out the champagne. | Video

Deutsche Bank chairman Achleitner to feel investor ireMay 22 2018

FRANKFURT Deutsche Bank investors, fed up with a languishing share price and dwindling revenue, will call on its leaders to deliver quicker results at this week's annual general meeting.

Fifth Third Bancorp pays $4.7 billion for MB Financial's Chicago muscleMay 21 2018

U.S. regional bank Fifth Third Bancorp has agreed to buy smaller rival MB Financial Inc in a stock-and-cash deal valued at about $4.7 billion, as it looks to expand in Chicago and broaden its middle market customer base.

British court dismisses charges against Barclays over 2008 Qatar dealMay 21 2018

LONDON A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations.

U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofAMay 19 2018

WASHINGTON The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. | Video

Goldman, World Bank fund for women entrepreneurs hits $1 billion in investmentsMay 18 2018

WASHINGTON A Goldman Sachs-World Bank Group partnership to provide capital to women entrepreneurs in emerging markets has reached $1 billion in investments, the institutions said on Friday, far surpassing their original goal of $600 million.

Australia's Westpac hires complaints head amid damaging inquiryMay 17 2018

SYDNEY No. 2 Australian lender Westpac Banking Corp said on Friday it had been "too slow" to resolve customer complaints and had created an executive role to handle them, as the country's financial sector responds to revelations of serious misconduct.

Exclusive: Barclays activist urges trading shutdown at investment bank: sourcesMay 17 2018

LONDON Activist investor Edward Bramson is calling on Barclays to end the bulk of trading activities at its investment bank, in a radical plan to cut costs and boost returns at the British lender, three sources familiar with the matter told Reuters.

Wells Fargo employees altered business customers' information: WSJMay 17 2018

Some employees in a Wells Fargo & Co unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter.

Ex-Barclays trader tells court being a bank VP is like working at McDonald'sMay 17 2018

LONDON A former Barclays trader on trial in London on charges he conspired to rig Euribor interest rates said on Thursday he was no more senior at the bank than people who served burgers at fast-food chain McDonald's.

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