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Financials News

EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels

EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels

JPMorgan, UBS and Credit Suisse were fined a total of 94 million euros ($120 million) by the European Commission for taking part in cartels in the financial sector.

Posted on 10-21-2014 at 1:29 PM

Inflation hits Bank of Canada target of 2% in September

Canada’s inflation rate hit 2.0 percent in September, down slightly from from August’s 2.1 percent, as higher food and shelter costs were offset by a decline in gasoline prices.

Posted on 10-17-2014 at 11:16 AM

Morgan Stanley profit jumps 87% as trading activity rebounds

Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity.

Posted on 10-17-2014 at 7:57 AM

If you're a Goldman Sachs banker, don't expect a fat bonus

Top Goldman Sachs Group Inc. executives are determined to keep compensation costs under control. And that means even when the bank's revenue spikes higher, bankers' bonuses won't.

Posted on 10-17-2014 at 7:49 AM

Goldman Sachs profit gets big boost from bond market pickup

Goldman Sachs Group Inc. reported a 50 percent rise in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity boosted trading revenue.

Posted on 10-16-2014 at 8:06 AM

Record mortgage settlement pushes Bank of America into third-quarter loss

Bank of America Corp., the second-largest U.S. bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the U.S. government.

Posted on 10-15-2014 at 7:18 AM

Citigroup pulls consumer banks from 11 markets, profit tops estimates

Citigroup Inc said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the most international U.S. bank focuses on more profitable businesses.

Posted on 10-14-2014 at 10:18 AM

JPMorgan posts profit as trading picks up and legal costs ease

JPMorgan Chase & Co. posted a third-quarter profit as the biggest U.S. bank moved past the huge legal claims that pushed it into a rare loss in the same quarter last year, according to...

Posted on 10-14-2014 at 6:52 AM

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