CITIGROUP

The credit rating agency's move comes amid growing uncertainty over whether the U.S. Federal Reserve will prop them up in a crisis.

The giant San Francisco bank is under investigation for its 'pressure cooker' sales approach, the Wall Street Journal reports.

For the first time, executives at major banks are under investigation for criminal wrongdoing during the subprime mortgage crisis.

The move comes as Chinese insurers seek to invest abroad amid sluggish economic growth across several sectors back home.

Standard & Poor’s said Monday that the banks may be in for a downgrade if it assesses the prospects of any future government support to be "uncertain."

An Indiana professor's lawsuit claims the bank owes New York State $2.4 billion over bailout-era tax irregularities.

The firm reported a net income of $1.02 billion, or 48 cents a share, in the third quarter. Analysts had expected earnings of 62 cents a share.

Goldman Sachs, JPMorgan and other major lenders reported dampened revenues after a quarter marked by global market volatility.

The financial sector is still waiting to benefit from a U.S. Federal Reserve interest rate hike this year.

Asian markets opened higher Monday as investors focused attention on quarterly results. The biggest U.S. banks were scheduled to issue results this week.

Six of the top financial institutions in the U.S. together used nearly 400 recognized tax havens in 2014. Their offshore cash totaled $126 billion.

International financial regulators are at odds over new rules designed to keep taxpayers from having to foot big-bank bailouts.

In a wrongful dismissal suit brought against Citigroup, a former trader is alleging wrongdoing on the part of senior managers.

Willem Buiter issued a note that put the risk of a global recession in the coming two years at 55 percent, with China to blame.

General Electric said it would sell its U.S. healthcare finance unit to credit card lender Capital One Financial Corp for about $9 billion as it winds down its finance arm and returns to its industrial roots.

Only three new financial institutions have opened in the U.S. since 2010. One explanation might be the Dodd-Frank Act.

"We continue to uncover illegal credit card add-on practices that are costing unknowing consumers millions of dollars," a federal consumer watchdog said.

The move is likely to target mid-level and back-end staff to achieve maximum savings, according to reports.

The big banks are the first of six in the U.S. to post quarterly results between Tuesday and July 20.

If it goes ahead, the deal would be the biggest Chinese takeover of a U.S. company.

After the last financial crisis, banks were required to submit "living wills" each year to show how they would deal with bankruptcy during a crisis.