FINANCIAL SERVICES

The bank's chief financial officer, who led most of the cost-cutting measures, is reportedly due to receive a hefty bonus.

Citigroup is one of six major banks that are expected to settle with Britain's Financial Conduct Authority by mid-November.

Rival Barclays said on Thursday that it had set aside $800 million. JP Morgan, UBS and Citi have also set aside large sums.

The jolt from the BOJ came as the government signaled its readiness to ramp up spending to boost the economy.

It is one of six banks that are in talks with UK regulators about a coordinated settlement over alleged manipulation of foreign exchange markets.

Hong Kong could lose some of its financial power if the monthlong Occupy Central protests continue, a top banker said.

The ECB said in its latest quarterly Bank Lending Survey that banks are expected to ease credit standards further in the final quarter.

At issue is how private equity firms report how they calculate average net returns in past funds in their marketing materials.

The new mis-selling charge comes two days after the bank only narrowly passed a test set by regulators.

The attempted rigging of Libor showed that it was not just a case of a few bad apples, according to BoE Deputy Governor Minouche Shafik.

The sector's long-term attractiveness has been damaged by revelations of extra non-performing loans and hidden losses.

Pfizer, which has a market valuation of about $180 billion, earlier this year failed in its $118 billion bid to buy British rival AstraZeneca.

One of China's largest investment banks has seen its second top executive resignation in just two weeks.

The results of the stress tests on 130 banks by the European Central Bank are due to be unveiled on Sunday.

Days after Credit Suisse directed North Carolina pension funds to Erskine Bowles' firm, the firm paid Credit Suisse $775,000.

The policymakers could decide at the December meeting to go ahead with the purchases, but such a step is not certain.

At least seven high-level officials have reportedly fled to Australia with $1 billion stolen from public funds.

Weeks before the election, Christie won't release the findings of New Jersey's investigation of Mass. gubernatorial candidate Charlie Baker.

Celebrities, thousands more flock to cash in unclaimed funds from state coffers.

Forty-five percent of U.S. credit card holders say they will probably avoid stores that have been hacked. Sixteen percent will never come back.

The Sharia board has said that 78 percent of NCB's finance deals, 92 percent of liabilities and 73 percent of income, are Sharia-compliant.

The credit of Russia's government is hovering just above "junk" status as rich Russians dump the ruble for stronger currencies.

U.S. stocks soared Friday, closing out another whiplash week, as the Dow Jones Industrial Average jumped over 200 points.

A former AIG CEO testified in a civil trial that the insurance giant was controlled by the group that financially rescued it.

The financial services giant handily beat analysts' expectations for Q3.

Compensation experts say similar changes are happening across Wall Street.

Some market professionals think the financial markets are using Europe as an excuse for recent volatility.

The big banks, traditionally the darlings of earnings season, could be showing signs of improvement with Bank of America on tap for Wednesday.

The latest exits were the result of studies to understand which markets were not profitable enough for retail banking.