CITIGROUP

The Brookings Institution studied the Fed's new $500B municipal bond program and found that it leaves out the 35 cities with the largest black populations, but that this was not due to any racist intent, but unintended consequences from trying to push aid to cities and states as quickly as possible.

Citigroup sets aside $7 bn for bad loans as earnings tumble

Big U.S. banks are bracing themselves for a wave of loan defaults as the pandemic eats away at profitability

Many credit card companies are offering deferred payments, waived fees, and increased credit limits for those impacted by the coronavirus pandemic.

Though stocks were in the green the entire day, the runup began as President Trump held a news conference announcing a national emergency.

Jamie Dimon was the highest paid banker in 2018 and 2019. Last year, he received $31.5 million as compensation for being JPMorgan's CEO and chairman.

A top Citigroup trader was reportedly suspended last month after he was accused of evading payments for cafeteria sandwiches.

Lower interest rates have hit the profit margins of the U.S. banking sector.

JPMorgan Chase, Citi surge on Q4 profits; Wells Fargo stumbles again

U.S. stocks closed mixed on Tuesday on worries over China trade deal.

U.S. stocks opened lower on Tuesday as earnings season got started

BoE hands Citi record fine over UK reporting breaches

Tech giant Hewlett-Packard has rejected a takeover bid by competitor Xerox.

Google checking account service on its way: report

Traders ignored an IMF report revising global growth forecasts lower.

Banking giant HSBC is reportedly planning to chop 10,000 jobs. The move being spearheaded by interim Chief Executive Officer Noel Quinn is aiming to slash costs, according to reports.

WeWork announced Monday that it will withdraw a plan to go public but will revive an initial public offering down the road

Antitrust regulators in the European Union acted against many erring banks for alleged currency fraud that involved fixing of spot foreign exchange. The EU slapped a total fine of $1.2 billion on Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland.

It is the marriage season in the American banking sector. The good news is that the first time after the financial crisis in 2007-2009, a mega banking merger has been announced. The all stocks merger between SunTrust Bank and BB&T Corp will create America’s sixth-biggest commercial bank.

Citigroup Inc on Friday was ordered to pay more than $12 million by U.S. regulators after it was found that the bank’s investment banking and financial advisory unit misled users of a “dark pool” operated by one of its affiliates.

Nasdaq is said to be beta testing new cryptocurrency analysis tools geared toward institutional investors.