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Finance


2014-02-28 09:52:17

Wells Fargo & Co. (WFC), the biggest U.S. home lender, plans to eliminate 700 more jobs from its mortgage business as demand for buying and refinancing property slows.
 

2014-02-28 09:51:13

The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
 

2014-02-28 09:50:36

Jamie Dimon was talking about the business climate, not the polar vortex that gripped much of the U.S. this winter, when he mentioned “weather” in a discussion about a slump in trading revenue at JPMorgan Chase & Co. (JPM)
 

2014-02-26 08:28:04

JPMorgan Chase & Co. (JPM), the lender whose legal and regulatory battles led to more than $23 billion in settlements in 2013, said Chief Compliance Officer Cindy Armine left to join another firm after a year on the job.
 

2014-02-26 08:27:36

With the shutdown of Tokyo-based Mt. Gox -- once the world’s largest exchange for digital currency transactions -- other companies in the Bitcoin universe worked to defend the nascent industry’s reputation.
 

2014-02-26 08:27:01

Credit Suisse Group (CSGN) AG helped American customers hide as much as $10 billion in assets from the Internal Revenue Service, more than double the amount previously known, according to a U.S. Senate committee report.
 

2014-02-24 08:44:04

Europe’s smallest companies are overcoming cut backs in bank lending by raising funds from non-traditional lenders, according to Deloitte LLP.
 

2014-02-24 08:43:34

U.K. Chancellor of the Exchequer George Osborne said the nation is in “active” discussions with China to establish a yuan-clearing bank in London and this should be done in “fairly short order.”
 

2014-02-24 08:42:42

RSA Insurance Group Plc (RSA) is considering a rights offering to replenish capital following a scandal at its Irish unit and losses related to flooding in towns along the River Thames and southwest England
 

2014-02-24 08:42:11

Jaime Echegoyen, the former head of Barclays Plc’s retail banking unit in Spain, is being proposed as chief executive officer of Sareb, the nation’s bad bank.
 

2014-02-21 08:57:28

AIA Group Ltd. (1299), the second-largest Asia-based insurer, posted a 7 percent drop in full-year profit on weaker stock markets, broadly in line with estimates.
 

2014-02-21 08:56:48

National Australia Bank Ltd. (NAB) fell in Sydney trading after flagging a possible increase in provisions at its British operations, overshadowing a 7 percent increase in first-quarter profit.
 

2014-02-21 08:56:01

Citigroup Inc. (C), the third-largest U.S. bank, gave Chief Executive Officer Michael Corbat a 25 percent pay raise to about $14.4 million for 2013, his first full year running the firm.
 

2014-02-21 08:55:14

KKR & Co. (KKR), the buyout firm founded by George R. Roberts and Henry R. Kravis, plans to invest in failing Indian companies and in local banks as stressed loans climb to a decade high in Asia’s third-largest economy.
 

2014-02-20 09:29:23

AMP Ltd. (AMP), Australia’s largest life insurer and fund manager, rose the most in five years after it reported a smaller-than-expected fall in full-year profit.
 

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