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Jul 14, 2014

DealBook: Citigroup and U.S. Reach $7 Billion Mortgage Settlement

The deal, announced Monday, will settle a federal investigation into the mortgage securities the bank sold in the run-up to the financial crisis, averting a lawsuit that would have proved costly for both sides...

Jul 14, 2014

Portuguese bank makes changes at the top but its share price continues to fall

A new chief executive has been appointed for Portugal's biggest bank, but Banco Espirito Santo's share price is still falling sharply as investors continue to fret about its financial health...

Jul 14, 2014

Stocks snap higher in early trading; Citigroup up

Stocks moved higher in early trading Monday, kicking off the week on a positive note as the market looked to shake off its worst week in three months. Shares in several major investment banks rose after Citigroup posted better-than-expected quarterly...

Jul 11, 2014

Wells Fargo Profit Rises Despite Drop in Revenue

Wells Fargo said its profit in the second quarter rose 4 percent from the same period a year ago to $5.7 billion, but there were signs that the bank’s vaunted profit machine was slowing...

Jul 13, 2014

With strong euro hurting exporters, ECB's Draghi comes under more pressure to loosen policy

The European Central Bank is coming under increasing pressure to do more to stem the strength of the euro currency, which is hurting exporters and keeping a lid on the region's recovery from recession... #European Central Bank #London

Jul 14, 2014

DealBook: Citigroup and U.S. Reach $7 Billion Mortgage Settlement

The deal, announced Monday, will settle a federal investigation into the mortgage securities the bank sold in the run-up to the financial crisis, averting a lawsuit that would have proved costly for both sides... #European Central Bank #London

Jul 14, 2014

Endless wave of illegal immigrants floods Rio Grande valley

Life jackets of all sizes and the rare punctured raft are strewn along the banks of the Rio Grande, just south of Mission, Texas, where a relentless onslaught of illegal immigrants eagerly surrender to beleaguered Border Patrol agents around the cloc... #European Central Bank #London

Jul 12, 2014

Wells Fargo profit increases 3.8% as home lending regains traction

With solid quarterly results, Wells Fargo & Co. showed why it has become a darling of banking investors, but it also raised a crucial question... #European Central Bank #London

Jul 14, 2014

Barclays Names Co-Heads of Asia Pacific Investment Banking

Barclays PLC has named Patrick Kwan and Reid Marsh as the new co-heads of investment banking for the Asia Pacific region... #European Central Bank #London

Jul 13, 2014

DealBook: How a Raid in Benghazi Helped Shape Citigroup’s $7 Billion Settlement

An arrest in Libya led the Justice Department to delay suing the bank over mortgage securities, opening the door to last-minute talks that have culminated in a settlement expected to be announced Monday... #Libya #U.S. Department of Justice #Citigroup