Three of the nation’s biggest banks said Friday that their profits fell last quarter, as JPMorgan Chase, Bank of America and Citigroup deal with the lingering effects of higher interest rates and the industry costs of last year’s banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank.
Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday.
While three-quarters of U.S. small businesses want to receive financial advice from their bank, most do not receive the kind of comprehensive advice that would help a small business grow, according to a recent study from J.D. Power.
The outlook for the U.S. economy from Wall Street’s biggest banks is getting gloomier, with many top executives saying they’re preparing for a potential downturn or a recession.
A Stamford man pleaded guilty in federal court last week to providing false information to banks and receiving more than $4 million in Paycheck Protection Program loans.
A pair of developers have begun construction of a mixed-income residential community at the former Torrington Manufacturing Co. site on the Naugatuck River.
Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank’s next chief executive, making Fraser the first woman to ever lead a Wall Street bank.
The developers of a stalled multifamily project in downtown Norwalk are hoping to convert the 151-unit project to a largely affordable housing development.
A House subcommittee investigating billions of dollars in coronavirus aid is demanding that the Trump administration and some of the nation’s largest banks turn over detailed information about companies that applied for and received federal loans intended for small businesses.
Traditional bankers’ fears of Big Tech companies jumping into the banking sector could be starting to come true.
Under a multistate settlement agreement, Citibank N.A. will pay $95 million in restitution to government and nonprofit entities for its manipulation of a benchmark interest rate in the lead up to and early days of the 2008 financial crisis.
