Updated July 29 at 11:30pm
Banking
123 results total, viewing 11 - 20
(Updated, 5:35 p.m. and 6 p.m.) Morgan Stanley was alone among the largest U.S. banks in stumbling through the Federal Reserve’s annual stress tests, getting conditional approval to make payouts to shareholders. Thirty other firms passed, while two subsidiaries failed, including Santander Bank. more
Bankers have a new year to fear: 2018. more
U.S. stocks rose for the first time since Britain voted to leave the European Union, rebounding amid optimism that policymakers are committed to limit the fallout from the U.K.’s exit. more
Prime Minister David Cameron rejected calls for a do-over vote on leaving the European Union and set up a team of officials to prepare for withdrawal following the referendum last week that stunned the world and triggered financial-market turmoil. more
The U.K.’s largest lenders accelerated the biggest fall since 2009 on Monday after the nation’s vote to leave the European Union sparked fears about political and economic risks and the sharpest negative shift in analyst sentiment on record. more
The Federal Reserve’s stress tests of big banks found all 33 have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage. more
Bank of America Corp. admitted to wrongdoing in settling a U.S. regulator’s allegations that it misused billions of dollars in customer funds to finance trades that benefited the firm. more
Few banks face as much pressure as Bank of America Corp. on Thursday, when the Federal Reserve posts initial results from annual stress tests just 30 minutes before U.K. polls close on the so-called Brexit vote. more
U.S. banks contending with tough rules and markets are still stronger than many overseas rivals and will soak up business, Bank of America Corp. CEO Brian Moynihan said. more
Citizens Financial Group Inc. on Tuesday named John Tyers the new president of Citizens private bank effective immediately. more
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