JPMorgan to pay record $13 bln to settle US probes: WSJ
Washington: US banking giant JPMorgan Chase may pay a record $13 billion fine to the Justice Department to settle investigations into its residential mortgage-backed securities...
US banking
Citigroup to pay Freddie Mac $395 mln settlement
by AFP
New York City: US banking giant Citigroup Wednesday announced an agreement to pay Freddie Mac $395 million to settle claims of potential flaws in millions...
JPMorgan faces criminal probe on mortgage bonds
by AFP
NEW YORK: US banking giant JPMorgan Chase said Thursday it is facing parallel civil and criminal investigations over its sale of mortgage-backed securities before the...
Citi profits jump as investment revenues surge
by AFP
NEW YORK CITY, New York: US banking giant Citigroup Monday reported better-than-expected quarterly earnings as strong securities and investment banking revenues helped offset weaker mortgage...
JPMorgan Chase profits up, sees slow recovery
by AFP
NEW YORK: US banking giant JPMorgan Chase Friday logged a 31 percent increase in quarterly profits, but gave a mixed report on the status of...
Bank of America profits jump six-fold
by AFP
New York: Bank of America on Wednesday reported a six-fold increase in first-quarter earnings even as it signaled that profits were constrained by the low...
Bank of America falls to loss in third quarter
by AFP
New York: Bank of America racked up a loss of 33 million dollars in the third quarter after recognizing diminished credit quality that was papered...