Banks

Citi, HSBC, Morgan Stanley and Royal Bank of Canada have all been fined RBC has the biggest fine of £34.2m, while Citi will pay just £17.6mBy HARRY WISE Updated: 07:06 EST, 21 February 2025 <!-- <!-- …

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024. Henry Romero | ReutersEurope's largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit…

The Zelle icon is displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesZelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever…

Chris Ratcliffe | Bloomberg | Getty ImagesShares of British bank Barclays sank in early Thursday trade, after the lender's forward guidance failed to impress despite its full-year pre-tax profit beat.Pretax profit rose by 24% to £8.108…

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.The bank's retail customers are spending about 6%…

Germany's second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.The job cuts will be accompanied by…

Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019.Jonathan Ernst | ReutersThe Consumer Financial Protection Bureau sent…

Former Office of Management and Budget (OMB) Director Russell Vought takes his seat as he arrives to testify before a US Senate Homeland Security and Governmental Affairs Committee hearing on his second nomination to be OMB director, on…

Piyush Gupta, chief executive officer of DBS Group Holdings Ltd., during a news conference in Singapore, on Monday, Feb. 10, 2025. DBS shares jumped after the lender reported earnings that met expectations and unveiled a investor payout…

Russell Vought, President-elect Donald Trump's pick to be director of the Office of Management and Budget, arrives for a meeting at the office of Sen. Chuck Grassley, R-Iowa, in Hart building on Monday, December 16, 2024. Tom Williams |…