The Hillary Clinton campaign is attacking Donald Trump for exploiting loopholes to avoid income taxes — but some of her backers may have gone further and broken tax law.
Former retail banking head Carrie Tolstedt has left the company, will get no severance and has forfeited unvested equity awards worth about $19 million.
The bank, whose donors have funded the Democrat's campaign, says the election will not result in real policy change — but could coincide with a recession.
It is one of the several banks under investigation over allegations of giving unsecured mortgages to unqualified borrowers that triggered the 2008 financial crisis.
Banks have paid out more than $160 billion in fines and settlements relating to the 2008 crisis. Critics ask if that’s enough to prevent abuse going forward.
The outage, since resolved, affected several U.S. states, including New York, Pennsylvania and California, and had customers railing on social media.
The debt deal for the online rental service was led by JPMorgan Chase, Citigroup, Bank of America and Morgan Stanley, reports said, citing sources.
The bank was also charged with false reporting in connection with ISDAFIX benchmark rates and with false reporting of U.S. dollar Libor rates during the financial crisis to protect its reputation.
The bank's decision came after the CEO of the troubled marketplace lender stepped down, a recent memo says.
Reporting a steep earnings drop for the first quarter, financial giant Goldman Sachs is feeling the pain in its investment banking and trading divisions.
A first-quarter earnings drop of 27 percent is the sharpest so far among big U.S. banks. Weakness in overseas markets hasn't helped.
The bank's profit decline is the biggest among big U.S. banks that have reported first-quarter results so far.
The company has already started trimming its operations, and is increasingly rejecting bankers’ spending on travel, hotels and entertainment, Bloomberg reported.
JPMorgan Chase, the first of the big U.S. banks to report quarterly earnings, posted higher-than-expected revenue and profit Wednesday.
Up to 70 traders and salespeople could be let go from the U.S. bank's London operation, according to a Bloomberg report. The bank expects that key revenue streams declined in the first quarter of 2016.
The agreement will reportedly allow Sharp to borrow from its lenders if the deal goes through.
Wall Street CEOs, including Goldman Sachs' Lloyd Blankfein, expressed bewilderment at the scale of the 2008 financial crisis, newly released documents show.
The government’s decision came after the money center bank’s $7 billion settlement resolving in 2014 federal and state civil claims related to mortgage bonds.
The bank announced that it had been subpoenaed over potential ties to alleged bribery and money laundering in world soccer.
The bank reportedly dismissed its chief U.S. Treasuries trader after a disagreement over compliance measures.
Beyoncé’s halftime show performance has been generating controversy over a perceived anti-police message.
Federal regulators ruled Citigroup must allow shareholders to vote on a measure that would require the bank to study the feasibility of splitting up.
