CITIGROUP

The two banks reported quarterly results Thursday amid a busy week of corporate results from the financial sector.

However, BofA's first quarter reversed a surprise loss from a year ago when it was hit with $6 billion for litigation expenses.

JPMorgan Chase is the first of six major U.S. banks scheduled to post quarterly results between Tuesday and April 20.

Sale of the company is likely to take place in the next nine to 12 months.

IndiGo has remained profitable in the last two years, avoiding much of the turbulence to hit rival Indian carriers.

PNC Financial joins the list of lenders refusing to do business with an environmentally damaging industry.

Initial results of the Federal Reserve's annual bank examinations come out Thursday. Here's what you need to know.

Annual Federal Reserve examinations meant to prevent the next financial crisis could be growing too predictable, researchers say.

Citigroup will use a part of the proceeds from the sale to retire certain funding that currently supports Citi Holdings.

Citigroup Inc. said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit.

U.S. prosecutors have just 90 days to bring cases against individuals for wrongdoing in the 2008 financial crisis. Here's who could be charged.

It would represent the first time in decades that the largest American banks pleaded guilty to felony misconduct. Since the financial crisis, the only major banks from which U.S. regulators have secured guilty pleas have been foreign.

Profit at Goldman Sachs' bond trading business, traditionally a strong unit, plunged 29 percent last quarter due to multiple bouts of market volatility.

Citigroup and BofA shares dropped Thursday after profits missed estimates, signaling a lackluster earnings season for the banking sector.

JPMorgan Chase is first of six major U.S. banks scheduled to post quarterly earnings results this week.

The deal with Sumitomo Mitsui will include the transfer of accounts worth about $21 billion.

Banks reportedly have agreed to arrange for $6.25 billion in financing to seal the deal.

The senator lashed out at the banking titan, saying: "Dodd-Frank isn't perfect. It should have broken you into pieces."

A shutdown showdown between liberal lawmakers and a banking behemoth splinters an old friendship.

The CEOs at each of the seven companies last year was paid an average of $17.3 million, said the study.

It would be the first settlement over allegations of misconduct in the $5.3 trillion-a-day foreign exchange market.