The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. Wells Fargo & Co needs to work more quickly to remake its board of directors following a sales scandal and public rebuke at the bank’s annual meeting in April, New York City Comptro... More »
New accounting rules for banks risk exacerbating economic crises by making them reluctant to lend if the economy suddenly worsens, the European Union’s financial stability watchdog said on Monday. More »
The logo of Doha Festival City mall is seen in Doha, Qatar, July 13, 2017. Qatari shopping mall operator Doha Festival City said it remained in discussions with banks to amend a $1 billion loan after bankers said a refinancing of the facility had been put on h... More »
A VW logo is seen in front of the main building of the Volkswagen brand at the Volkswagen headquarters, in Wolfsburg, Germany May 19, 2017. Volkswagen (VOWG_p.DE) is considering options for majority-owned transmissions maker Renk (ZARG.F), as the German carmak... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. Wells Fargo (WFC.N) and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than $2 billion that is now worth c... More »
FILE PHOTO: Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. The Federal Reserve’s plan for shrinking its massive balance sheet envisions a future with no holdings of mortgage bonds, a prospect that could presen... More »
The J.P.Morgan logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. U.S. banks are starting to see some long-awaited benefits of higher interest rates, with four of the largest lenders beating analysts’ quarterly p... More »
FILE PHOTO — People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. Three of the six biggest U.S. banks kicked off the earnings season on Friday, reporting profits that topped Street estimates but faile... More »
A Texas repairman found that one of the hardest parts about being trapped while servicing a bank’s automated teller machine was convincing customers coming for cash that he was stuck. More »
FILE PHOTO – A one Euro coin is seen in this picture illustration taken in Rome, Italy July 9, 2015. The European Commission recommended on Wednesday the end of disciplinary procedures against Greece over its excessive deficit after improvements in its fiscal ... More »
FILE PHOTO: People walk past a row of Volkswagen e-Golf cars during the company’s annual news conference in Berlin, Germany March 13, 2014. Picture taken March 13, 2014. When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions sca... More »
Governor of the Bank of France Francois Villeroy de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin, Germany, September 23, 2016. International bank regulators need to finalize tortuous negotiations on new bank cap... More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. Britain’s Equiniti Group Plc said it would buy Wells Fargo & Co’s share registration business for $227 million as it looks to enter the United States, the largest and most active sh... More »
FILE PHOTO: The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. Qatar’s tensions with its neighbors are making world markets edgy about any hint of financial instability among the Gulf economies, who... More »
A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. Barclays (BARC.L) announced on Wednesday board appointments for its non-ring fenced business Barclays International (BI), to comply with new post-crisis rules forcing British ban... More »
The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but it... More »
FILE PHOTO – Senator Tom Cotton (R-AR) walks after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. Republicans lawmakers on Tuesday started trying to kill a brand-new U.S... More »
FILE PHOTO – A crane flies an American flag over a construction site in downtown Los Angeles, California October 29, 2014. The U.S. economy is expanding at a 2.6 percent annualized pace in the second quarter based on the latest data on domestic payrolls and wh... More »
FILE PHOTO – Legend Holdings chairman Liu Chuanzhi attends a news conference on the company’s annual results in Hong Kong, China March 30, 2016. China’s Legend Holdings Corp is in talks on a potential investment in Qatari-owned Banque Internationale a Luxembou... More »
CIT Bank and Allstate Corp have entered a joint venture to provide loans to middle-market companies across various industries, the bank said in a statement on Monday. More »
FILE PHOTO: The container ship COSCO Development is seen as its became the largest vessel in dimension and capacity to transit the Expanded Panama Canal at Agua Clara locks, on the outskirts of Colon City, Panama May 2, 2017. REUTERS/Carlos Lemos COSCO Shippin... More »
Shares of Wanda Hotel Development Co Ltd jumped more than 150 percent on Monday after Dalian Wanda Group said it will sell 91 percent of 13 tourism projects, as well as 76 hotels in China to Sunac China for $9.3 billion. More »
FILE PHOTO: Bank of Canada Governor Stephen Poloz (L) speaks with Bank of England governor Mark Carney as they gather for a family photo after a meeting of G-20 finance ministers and central bank governors during the IMF-World Bank annual meetings in Washingto... More »
Ukraine could unlock some $50 billion of collateral for lending to the country’s agricultural industry by overhauling its land legislation, Francis Malige, Managing Director at the European Bank for Reconstruction and Development (EBRD), said on Friday. More »
FILE PHOTO: Children walk past a branch of Mitsubishi UFJ Financial Group (MUFG) in Tokyo November 14, 2012. REUTERS/Yuriko Nakao/File Photo Mitsubishi UFJ Financial Group Inc (MUFG) aims to tap into the expertise of partner Morgan Stanley and expand into weal... More »
Businessmen walk on the esplanade of La Defense financial and business district in Puteaux, near Paris, France June 16, 2017. REUTERS/Gonzalo Fuentes The French government on Friday pledged to remove some of the charges banks pay in France and make sure they a... More »
FILE PHOTO: Empty Maersk shipping containers are seen stacked at Peel Ports container terminal in Liverpool northern England, December 9, 2016. REUTERS/Phil Noble/File Photo Maersk said it was too early to predict the financial impact of last month’s global Pe... More »
A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri U.S. authorities have tried to seize millions of dollars associated with several companies that deal with North Korea, including the country’s milita... More »
A crane flies an American flag over a construction site in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake The U.S. economy is expanding at 2.7 percent annualized pace in the second quarter based on the latest data on vehicle sales, facto... More »
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files Canadian mergers and acquisitions rose about 13 percent to C$120.5 billion ($93.2 billion) in the first half of 2017,... More »
Short seller Marc Cohodes, who has bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc and Home Capital Group Inc, said on Wednesday that he is targeting yet another Canadian firm – Exchange Income Corp. More »
FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/File Photo Ukrainian cyber police have blocked the second cyber attack against Ukraine, Ukrainian... More »
FILE PHOTO: Brazil’s billionaire businessman Joesley Batista leaves the Federal Police headquarters after giving testimony, in Brasilia, Brazil June 21, 2017. REUTERS/Adriano Machado/File photo Bernal More »
Fred Hu, Chairman of Primavera Capital Group, poses for a photo ahead of a Reuters interview in Beijing, China, January 10, 2017. Picture taken on January 10, 2017. REUTERS/Jason Lee Primavera Capital Group, one of China’s largest private-equity firms, is payi... More »
The rising sun lights trees in Central Park above the southern portion of the Manhattan borough of New York, U.S., November 2, 2016. REUTERS/Lucas Jackson “Time for a prenup?” is not a typical title for a summer school course, but it was one of the most popula... More »
The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29, 2017. REUTERS/Arnd Wiegmann Swiss bank UBS (UBSG.S) is further reorganizing its wealth management businesses in European and emerging markets to simplify its structure, accor... More »
Hong Kong Chief Executive Carrie Lam speaks at the opening ceremony of Bond Connect at Hong Kong Exchanges in Hong Kong, China July 3, 2017. REUTERS/Bobby Yip China and Hong Kong launched a long-awaited “Bond Connect” scheme on Monday that links China’s $9 tri... More »
Department of Homeland Security emblem is pictured at the National Cybersecurity & Communications Integration Center (NCCIC) located just outside Washington in Arlington, Virginia September 24, 2010. REUTERS/Hyungwon Kang/File Photo The U.S government warned i... More »
FILE PHOTO: A message demanding money is seen on a monitor of a payment terminal at a branch of Ukraine’s state-owned bank Oschadbank after Ukrainian institutions were hit by a wave of cyber attacks, in Kiev, Ukraine, June 27, 2017. REUTERS/Valentyn Ogirenko U... More »
People walk past the New York Stock Exchange on Wall Street, February 10, 2009. REUTERS/Eric Thayer For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts cover... More »
Wells Fargo Asset Management named Jonathan Hobbs as head of U.S. portfolio solutions and Kevin Kneafsey as a senior investment strategist with the multi-asset client solutions group. More »
French Finance Minister Bruno Le Maire leaves after the weekly cabinet meeting at the Elysee Palace in Paris, France, June 28, 2017. REUTERS/Charles Platiau France will set up a special court to handle English-law cases for financial contracts after Britain le... More »
A Banca Popolare di Vicenza sign is seen in Rome, Italy, March 29, 2017. REUTERS/Alessandro Bianchi Italy’s multi-billion-euro closure of two lenders drew sharp criticism on Monday for hurting a project devised to underpin confidence in the euro zone during th... More »
FILE PHOTO: Intesa Sanpaolo bank logo is seen at the headquarters during shareholders’ meeting in Turin, Italy, April 27, 2017. REUTERS/Giorgio Perottino/File Photo Intesa Sanpaolo (ISP.MI) said on Monday its planned acquisition of the good assets of Banca Pop... More »
FILE PHOTO: The logo of the Commonwealth Bank of Australia (CBA) is displayed outside a branch in Sydney, Australia, March 21, 2016. REUTERS/David Gray/File Photo Surprise taxes levied on Australia’s banking sector are frightening off potential foreign investo... More »
FILE PHOTO: New home construction is seen in San Diego, California, U.S. on August 21, 2015. REUTERS/Mike Blake/File Photo U.S. mortgage lenders are bracing for rockier times as consumers demand for home loans slows and competition in the mortgage industry int... More »
Italy’s former Prime Minister Silvio Berlusconi gestures during the television talk show ”Porta a Porta” (Door to Door) in Rome, Italy June 21, 2017. Picture taken June 21, 2017. REUTERS/Remo Casilli Italy’s center-right parties were the big winners in mayoral... More »
FILE PHOTO: An employee of GSA Austria ( Money Service Austria ) holds a wad of new 100 euro banknotes at the company’s headquarters in Vienna July 22, 2013. REUTERS/Leonhard Foeger Although a better economy is helping global banks to turn the corner a decade ... More »
Bulgaria’s first geostationary communications satellite has been launched into space, operator Bulsatcom said in a statement on Saturday. More »
FILE PHOTO: The European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo The European Central Bank has requested enhanced powers to supervise clearing activities, it said on Friday, a move to shore up its... More »
Attackers shot and killed three people in a raid on a commercial bank in northeast Kenya’s on Friday, police said. More »
A mosque is seen alone a coastline in Doha, Qatar, June 15, 2017. REUTERS/Naseem Zeitoon Four Arab states boycotting Qatar over alleged support for terrorism have sent Doha a list of 13 demands including closing Al Jazeera television and reducing ties to their... More »
Turkey’s defense minister said on Friday his country had no plans to review its military base in Qatar and that any demand for its closure would represent interference in Ankara’s relations with the Gulf state. More »
The logo of National Australia Bank adorns their headquarters building in central Sydney, Australia June 22, 2017. REUTERS/David Gray A second Australian state on Friday said it was open to charging its own bank tax, raising fears the federal government has op... More »
Fosun International Ltd services are displayed at a news conference in Hong Kong, China March 29, 2017. REUTERS/Bobby Yip Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine,... More »
FILE PHOTO – The entry to the Home Capital Group’s headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada on May 1, 2017. Picture taken using a wide angle lens. REUTERS/Chris Helgren/File Photo Warren Buffett’s Berkshire ... More »
FILE PHOTO – Investor Warren Buffet arrives for the premiere of the film ”Wall Street: Money Never Sleeps” in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo It took less than 24 hours for Warren Buffett, one of the world’s savviest deal... More »
A combination file photo shows international banks Morgan Stanley, Barclays, Goldman Sachs, JPMorgan, Credit Suisse, Citigroup and Bank of America Merrill Lynch from Reuters archive. REUTERS/File photos The 34 largest U.S. banks have all cleared the first stag... More »
Kyle Bass, Chief Investment Officer of Hayman Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2016. REUTERS/Lucy Nicholson Hayman Capital Management founder Kyle Bass on Thursday said he remains s... More »
Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem rings the bell as he chairs a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017. REUTERS/Francois Lenoir The sale of Banco Popular to Santander (SAN.MC) was a success, the he... More »
Lisa Schiff, New York based art advisor looks at the artwork ‘Rob Pruitt’s Official Art World/Celebrity Look-Alikes from 2016/2017’ by US artist Rob Pruitt at the Unlimited exhibition during the Art Basel in Basel, Switzerland June 13, 2017. REUTERS/Moritz Hag... More »
Incoming Philippine Central bank Governor Nestor Espenilla speaks during a news conference at the Bangko Sentral ng Pilipinas in Manila, Philippines May 9, 2017. REUTERS/Karen Lema The Philippines central bank is closely watching the rapid pace of domestic cre... More »
FILE PHOTO: A huge Euro logo is pictured by the headquarters of the European Central Bank (ECB) in Frankfurt, September 29, 2011. REUTERS/Ralph Orlowski/File Photo The impact of the European Central Bank’s 2.3 trillion asset purchase program on inflation has b... More »
FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain August 24, 2015. REUTERS/Suzanne Plunkett/File Photo Recovering technology stocks gave European shares another leg up on Wednesday, while deal chatter se... More »
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly Wall Street banks on Tuesday cheered U.S. President Donald Trump’s plans to loosen the leash put on them ... More »
Employee walk past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji A Japanese government-led consortium bidding for Toshiba Corp’s chip business will include South Korean chipmaker SK Hynix Inc, sources fa... More »
Torry Berntsen, Chief Executive Officer (CEO) and Head of Corporate and Institutional Banking of the Americas region for Standard Chartered Bank, poses in New York City, U.S., June 13, 2017. REUTERS/Shannon Stapleton Standard Chartered (STAN.L) aims to expand ... More »
FILE PHOTO: U.S. President Donald Trump arrives at Newark International airport in Newark, NJ U.S., to spend a weekend at Trump National Golf Club in Bedminister, New Jersey, June 9, 2017. REUTERS/Yuri Gripas/File Photo New York’s Public Theater on Monday defe... More »
John Haynes, a senior vice president for Freepoint Commodities, has left the trading firm for Citigroup’s energy division, two sources familiar with the matter said on Monday. More »
FILE PHOTO: The logo of Deutsche Bank is seen at its headquarters ahead of the bank’s annual general meeting in Frankfurt, Germany May 18, 2017. REUTERS/Ralph Orlowski/File Photo Deutsche Bank AG’s (DBKGn.DE) wealth management division said on Monday it plans ... More »
Bank of Korea Governor Lee Ju-yeol speaks during a news conference at Seoul Foreign Correspondent’s Club January 22, 2015. REUTERS/Kim Hong-Ji South Korean President Moon Jae-in said on Monday unemployment was “very serious” and it could turn into a national c... More »
A Delta Airlines aeroplane is seen inside of a hangar during a launch event of the new alliance between AeroMexico and Delta Airlines and their announcement as sponsors of the Mexican soccer team, in Mexico City, Mexico, May 3, 2017. REUTERS/Edgard Garrido Del... More »
FILE PHOTO: People walk past a UniCredit bank in downtown Rome, May 10, 2016. REUTERS/Tony Gentile/File Photo The chief executive of UniCredit (CRDI.MI), Italy’s biggest bank by assets, said on Sunday he was confident a solution for the country’s two ailing Ve... More »
President Donald Trump plans to nominate Brian Brooks, general counsel for Fannie Mae, as deputy secretary of the U.S. Treasury, Axios reported on Saturday, citing three sources it said had knowledge of the pick. More »
The Swift bank logo is pictured in this photo illustration taken April 26, 2016. REUTERS/Carlo Allegri/File Photo Dealing with cyber hacks on banks ate into profit last year at the SWIFT messaging system, which financial institutions use to move trillions of d... More »
FILE PHOTO: European Central Bank President Mario Draghi (R) and his wife (L) arrive at the Petruzzelli Theatre during a G7 for Financial ministers in the southern Italian city of Bari, Italy May 11, 2017. REUTERS/Alessandro Bianchi/File Photo European Central... More »
A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Friday is the day, folks. More »
FILE PHOTO: The logo of credit rating agency Moody’s Investor Services is seen outside the office in Paris October 24, 2011. REUTERS/Philippe Wojazer/File Photo Hong Kong’s Court of Appeal found credit rating agency Moody’s broke the rules when it published a ... More »
FILE PHOTO: A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray/File Photo U.S. savers who routinely scour personal finance sites for the best deposit rates are soon going to see an unusual... More »
Japan’s financial regulator will adopt a new regulation requiring regional banks to guard against potential losses they could incur on their bond holdings from sharp interest rate swings, the Nikkei reported on Thursday. More »
Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. REUTERS/Kevin Lamarque The U.S. Federal Reserve on Wednesday gave extensions of up to five years to Deutsche Bank, SVB Financial Group, and UBS Group on complying... More »
FILE PHOTO — David Rockefeller arrives at the funeral service for New York socialite and philanthropist Brooke Astor at St. Thomas Church in New York, August 17, 2007. REUTERS/Jeff Zelevansky/File Photo Works of art, furniture and decorative objects from the c... More »
A former State Street Corp executive has agreed to plead guilty in connection with a scheme to defraud six clients through secret commissions on billions of dollars of trades, according to court papers filed on Tuesday. More »
Some Sri Lankan banks stopped buying Qatar Riyal on Tuesday, saying their counterpart banks in Singapore advised them not to accept the currency a day after the Arab world’s biggest powers cut ties with Qatar. More »
Retirees play poker at a singles club in Sun City, Arizona, January 4, 2013. REUTERS/Lucy Nicholson Leaving your job soon and rolling over a 401(k) into an IRA? Thinking about buying an annuity? About to call your money manager and allocate this year’s Roth co... More »
FILE PHOTO: David Carroll, senior executive vice president at Wells Fargo speaks during the Charlotte Chamber’s Economic Outlook Conference in Charlotte, North Carolina December 17, 2012. REUTERS/Chris Keane Longtime Wells Fargo & Co (WFC.N) executive David Ca... More »
An European Union (EU) flag is pictured during a ceremony in Lausanne, Switzerland May 4, 2017. REUTERS/Denis Balibouse The EU executive will suggest on Wednesday the euro zone might need to issue collective debt and run a joint budget, among proposals for bol... More »
High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Hong Kong’s latest attempt at cooling home prices in one of the world’s most expensive property markets is expected to send buyers ... More »
A Saudi money exchanger counts Saudi riyals in Riyadh August 4, 2008. REUTERS/Fahad Shadeed The Saudi Arabian central bank’s foreign assets fell in April as the government borrowed heavily abroad, according to official data that suggested Riyadh was bringing m... More »
Signage for a Chipotle Mexican Grill is seen in Los Angeles, California, United States, April 25, 2016. REUTERS/Lucy Nicholson/File Photo Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc’s (CMG.N) restaurants over a s... More »
A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo Advisors (WFC.N) will start offering a new share class of mutual funds next month as part of its plan to comply with the new U.S. Labor Department regulatio... More »
International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, two banking sources said on Friday. More »
New rules on pricing investment research are shaking up the European fixed income, currency and commodity (FICC) industry, with many funds planning to scale back or ditch a service that banks use to drum up business. More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking/File Photo Wells Fargo & Co will offer more money in recruitment bonuses to financial advisers after competitors announced plans to pull back from recruiting, t... More »
File Photo: Retired Army Lt. Gen. Michael Flynn, then-incoming White House national security adviser, speaks at the U.S. Institute of Peace ”2017 Passing the Baton” conference in Washington, U.S., January 10, 2017. REUTERS/Yuri Gripas/File Photo Senior Russian... More »
A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo Advisors (WFC.N) will launch a new share class of mutual funds next month as part of its plan to comply with the new U.S. Labor Department regulation that s... More »
U.S. bank Citi held on to top spot in the foreign exchange industry’s main annual ranking of traders by volume on Wednesday despite losing around 2 percent in market share, results showed. More »
Federal Housing Finance Agency Director Mel Watt testifies before a Senate Banking Committee hearing on ‘The Status of the Housing Finance System After Nine Years of Conservatorship’ on Capitol Hill in Washington, U.S., May 11, 2017. REUTERS/Yuri Gripas The U.... More »
