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
Jane Fraser will succeed Michael Corbat as the head of Citigroup Inc, making her the first woman to lead a major Wall Street bank.
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
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
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
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
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
They stood strong, survived and even thrived through the global financial crisis. Now, having set a record high of $44 billion worth of mergers and acquisitions across Sub-Saharan