Wall Street banks see economic boom in Q2 2021

Wall Street banks see economic boom in Q2 2021

By Anna Domanska - Jul 15, 2021

“Banks will be tested,” cautioned a McKinsey report from March 2020. The economic fallout of the Covid-19 pandemic has toppled the global balance. Times are changing now.  Ame

Read More
StanChart posts modest gains; reveals plans to cut branches worldwide

StanChart posts modest gains; reveals plans to cut branches worldwide

By Anna Domanska - Apr 30, 2021

Standard Chartered Bank posted an 18% increase in first-quarter pre-tax profit at $1.4 billion, topping the analyst forecast of $1.08 billion. The banks also said it will slash its

Read More
Jane Fraser to head Citigroup, first female to break the Wall Street Bank Glass ceiling

Jane Fraser to head Citigroup, first female to break the Wall Street Bank Glass ceiling

By Christy Gren - Sep 13, 2020

Jane Fraser will succeed Michael Corbat as the head of Citigroup Inc, making her the first woman to lead a major Wall Street bank.

Read More
Trouble Brewing at Citigroup, Pulls out of 11 Countries, Co-President Medina-Mora Plans to Leave

Trouble Brewing at Citigroup, Pulls out of 11 Countries, Co-President Medina-Mora Plans to Leave

By Anna Domanska - Oct 15, 2014

Citigroup Inc., the third-largest U.S. bank, that makes most of its income from overseas markets, has unveiled plans to pull out of consumer banking in 11 markets, as CEO Michael o

Read More
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

Read More
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

Read More
BofA Inks Record: Offers biggest settlement in American history

BofA Inks Record: Offers biggest settlement in American history

By Carrie Ann - Aug 07, 2014

Bank of America Corp. and the U.S. Justice Department have finally put an end to probes stemming from sales of mortgage-backed bonds that fortified financial crisis, according to a

Read More
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

Read More
Citigroup’s Q1 Profits Recoiled to $2.9 Billion

Citigroup’s Q1 Profits Recoiled to $2.9 Billion

By Dhwani Shah - Apr 17, 2012

Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by record revenue from processing transactions for its internat

Read More