Banking

1€ coin

Euro Weakens, Fed Confirms Stimulus will End

The European Central Bank is ready to consider negative interest rates on overnight bank deposits.

Federal Reserve Building

Bernanke: Low Rates to Endure Long after QE Ends

Federal Reserve Chairman Ben Bernanke said yesterday, “The target for the federal funds rate is likely to remain...

JPMorgan Settles with Justice Dept. for $13 Billion

After months of negotiation, JPMorgan Chase & Co. (JPM) has agreed to a $13 billion settlement with the...

Moody’s Cuts Rating on Four Banking Behemoths

After a four-month study involving eight of the biggest names in global finance, Moody’s Investors Service has cut...

[ECB Building]

European Banks to Return $4.8 Billion Early

Banks across Europe that had to borrow money from the European Central Bank (ECB) to stay afloat during...

Mario Draghi

EU Recovery Slowed, Draghi Calls for Rate Cuts

Mario Draghi, president of the European Union’s (EU) central bank, is calling for an interest-rate cut to help...

Dow, S&P 500 climb for fifth straight week

U.S. stocks rose today to bounce back from yesterday's sell-off after an unexpectedly strong payrolls report and the...

[dollar bills]

Wells Fargo in Crosshairs of Next Legal Drama

The nation’s largest mortgage lender, Wells Fargo, has been under scrutiny by U.S. government attorneys for more than...

[HSBC building]

HSBC Bucks Bad Bank Trend

At a time when U.S. banking giants like JPMorgan Chase and Bank of America are being held out...

JPMorgan and Justice Hit $13 Billion Snag

Just as JPMorgan Chase & Co. (JPM) and the U.S. Justice Department seemed ready to ink their record-setting...