A U.S. judge on Thursday ordered Goldman Sachs Group Inc., JPMorgan Chase & Co. and four other large banks to face an antitrust lawsuit by investors who said they conspired to stifle competition in the nearly $2 trillion stock lending market.
Goldman Sachs Group Inc. on Thursday announced its biggest management shakeup since naming David Solomon as CEO Lloyd Blankfein’s successor.
Bank of America Corp.’s wealth management arm Merrill Lynch said on Thursday it is reintroducing commissions for its retirement accounts, reversing a policy put in place to comply with Obama-era regulation.
Papa John’s International Inc., the world’s third-largest pizza delivery company, has hired Bank of America Corp. and Lazard Ltd. to help find ways to stabilize the restaurant chain, which has come under pressure from its founder John Schnatter, people familiar with the matter said last week.
Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by higher revenues in equities and fixed income trading as well as investment banking.
Citigroup Inc. is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around.
Wells Fargo & Co. introduced a new credit card rewards program on Monday, aiming to stand out against other benefit-heavy cards and gain more of a foothold in a market where it has lagged rivals.
A U.S. appeals court on Monday revived a lawsuit accusing Bank of America Corp. of defrauding Tutor Perini Corp. by selling the construction company millions of dollars of auction-rate securities it knew were on the brink of collapse.
