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The U.S. Department of Justice is preparing to sue Citigroup Inc. on charges that the bank defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, sources said.

The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co. agreed to pay to settle claims stemming from mortgage misdeeds to quicken similar punishments against other lenders, according to people familiar with the matter, according to Reuters in an exclusive report.

A JPMorgan executive in Hong Kong is arrested for hiring the children of Chinese officials. But that's a way to cultivate crucial relationships.

The bank’s investment in the Motor City will fund blight removal, home loans, job training and small business loans, among other things.

Fang Fang, who joined JPMorgan in August 2001 and became head of its investment banking operations in China in 2007, resigned in March 2014.

The three banks could face penalties of up to 10 percent of their global turnover if found guilty of breaching EU antitrust rules.

J.P. Morgan has been wounded and the cure will be painful.

The huge bank is said to be trying avoid compliance costs.

U.S. and EU measures against Russia are sending companies to China for financial partnerships.

Trustee Irving Picard said the fourth interim payout will go to victims of the Ponzi scheme who had 1,081 accounts at Madoff's firm.

The latest case will follow JPMorgan Chase, which paid $13 billion last year to settle mortgage-related charges, and HSBC, which paid $1.9 billion.

"Special hiring consideration" spurs inquiry of China banks' practices.

At the end of 2013, Citigroup had reduced its employee count by more than a fifth to 251,000 from 323,000 in 2008.

The company reported a far weaker-than-expected quarterly profit as revenue from securities trading fell in a climate of uncertainty.

Also, management has indicated that mortgage origination volumes have started the year off slowly.

Aluminum giant Alcoa Inc. kicks off first-quarter earnings season next week, followed by end-of-week results from JPMorgan Chase and Wells Fargo.

Bank of America could pay more than $800 million to settle the allegations against it.

Move aims to ease tension after Moscow accused the bank of illegally blocking the transaction.

Authorities are investigating whether JPMorgan provided bribes and hired people with connections to win new business.

Markets had dropped in the previous session following Janet Yellen’s comments about the future of the Fed’s monetary policy.

The reason a large U.S. bank made a large loan to a troubled Mexican company could go beyond simple negligence.

Sources tell the Financial Times JPMorgan Chase will announce a 2,000-job cutback on top of already planned reductions.

The financial services goliath wants its forex investors to know that it isn’t all it’s cracked up to be.

Citigroup has agreed to pay $110 million to homeowners, after a lawsuit was filed on force-placed insurances

Despite the bank racking up $30 billion in fees last year, employees were told not to expect pay raises.

WEF experts marvel at the bitcoin buzz but say the virtual currency is too perilous to last.

Bank of America Corp. stock rose over 2 percent on Wednesday after the bank reported strong fourth-quarter earnings of $3.44 billion.

In November, the bank agreed to pay a $13 billion settlement, the largest in U.S. history. That was just one of several in the last quarter.

Analyst Adam Sarhan discussed the outlook for 2013 fourth-quarter earnings season for the financial sector, including JPMorgan Chase & Co.