Citigroup will take a $300 million repositioning charge' in the fourth quarter to 'resize infrastructure and capacity' throughout its businesses, Chief Financial Officer John Gerspach said on Wednesday.
Royal Bank of Scotland is paying €23.8m (£17.3m) to German prosecutors to settle an investigation into tax evasion by part of Coutts, best known for being banker to the Queen.
Enough of the bad news! We thought we'd take a quick look at some strange / unusual / funny real life (allegedly) out of office e-mail responses.
This little ditty should be sung to the tune of 'The 12 Days Of Christmas'.
Here's something sent in by one of our readers.
Volkswagen has said the number of cars with irregular carbon dioxide levels is far lower than originally feared, providing some much-needed respite for the beleaguered German carmarker.
A fired Morgan Stanley financial adviser facing prison for downloading data on hundreds of thousands of customer accounts to a home server says he’s been told the bank 'suspected' Russian hackers got access to the information and offered to sell it on the Internet.
Deutsche Bank’s path to higher returns in its trading business probably won’t be through dealing German bunds.
A failed hedge fund, whose manager was jailed for fraud, sued Citigroup over allegations the bank undervalued assets when it closed out trades at the height of the 2008 financial crisis.
You may soon be able to see every conceivable outcome of a wager, say on interest rates, over many time horizons - thanks to computers that rely on the uncertainty at the root of all matter.
Two more property funds have suspended trading Tuesday as investors pull their money out of UK commercial property.
Gold is one of the few good hedges right now, and that means it is poised to go "much higher," BlackRock's Russ Koesterich said Tuesday.
Incomes for the top U.S. 1 percent have surged since the financial crisis, but are still well below their peak in 2007, according to new data released by the IRS.