Bank of America makes a windfall in trading revenue during Texas blackout

Bank of America makes a windfall in trading revenue during Texas blackout

By Anna Domanska - Mar 08, 2021

The Texas electric grid failure in the severe winter storms last month brought a windfall for the Bank of America in hundreds of millions of dollars in trading revenue from the Tex

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Google Launches Android Pay, Its Mobile Payments Service in the US

Google Launches Android Pay, Its Mobile Payments Service in the US

By Anna Domanska - Sep 11, 2015

On Thursday, Google announced the official launch of Android Pay, a move to grab a chunk of the growing market for mobile payments. The search giant announced in a blog post tha

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Discover Financial Tops in JD Power's 2015 Credit Card Satisfaction Study

Discover Financial Tops in JD Power's 2015 Credit Card Satisfaction Study

By Christy Gren - Aug 22, 2015

In a setback for American Express, Discover has taken the title as America’s favorite credit card company. According to the JD Power 2015 U.S. Credit Card Satisfaction Study rele

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Dudley Warns U.S. Banks to Curb Culture that Breeds Misdeeds or Be Broken Up

Dudley Warns U.S. Banks to Curb Culture that Breeds Misdeeds or Be Broken Up

By Anna Domanska - Oct 21, 2014

William C. Dudley, president of the Federal Reserve Bank of New York, has warned banks to change the way employees are compensated and to undertake a few more measures to fix their

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Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

By Christy Gren - Sep 17, 2014

Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn by Virginia over sale of residential

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Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

By Carrie Ann - Aug 23, 2014

Goldman Sachs said on Friday that it has agreed to pay $3.15 billion, its largest bill yet to resolve a government lawsuit related to the financial crisis. The settlement is said

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Wall Street Millennial Bankers Wages to Rise Again: Sources

Wall Street Millennial Bankers Wages to Rise Again: Sources

By Carrie Ann - Aug 21, 2014

Wall Street banks are currently under pressure to improve working conditions of a new generation of bankers to fight defection and are thus raising salaries and limiting working. B

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Bank of America agrees to pay $9.3 billion in FHFA settlement

Bank of America agrees to pay $9.3 billion in FHFA settlement

By Anna Domanska - Mar 27, 2014

Bank of America on Wednesday agreed to pay USD 9.3 billion to resolve a dispute over mortgage securities with the Federal Housing Finance Agency, the regulator that oversees mortga

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Dropping Deutsche Bank Q1 Profit after Crisis Reduces Trading

Dropping Deutsche Bank Q1 Profit after Crisis Reduces Trading

By Dhwani Shah - Apr 26, 2012

Deutsche Bank AG reported a fall in its first-quarter net profit by one-third from a record level a year earlier. Deutsche Bank blames this on the sluggish client activity, which h

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