Category - Business

NEW YORK (Reuters) – The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported...

(Reuters) – Wells Fargo & Co (WFC.N) posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and...

(Reuters) – Citigroup Inc (C.N) reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and...

(Reuters) – Britain’s largest listed insurer Prudential Plc said it had appointed JP Morgan’s Asia asset management business boss Michael Falcon to lead...

CHICAGO (Reuters) – A continued surge in interest rates could sink a plan under consideration by Chicago Mayor Rahm Emanuel’s administration for a...

WASHINGTON (Reuters) – Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the...

BOSTON (Reuters) – If plunging markets during Wednesday’s U.S. trading session proved unlucky for investors, the timing was especially bad for Vanguard...

SYDNEY (Reuters) – Law firm Slater & Gordon Ltd has filed a class-action suit against Commonwealth Bank of Australia seeking damages of more than...

Back in 2016, African-American billionaire Robert F. Smith, founder and CEO of Vista Equity Partners, made a big bet when he paid $1.8 billion for the cloud...

NEW YORK (Reuters) – William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million...