Dakin Campbell
Citigroup joins JPMorgan Chase in bracing for trading slump
NEW YORK - Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth consecutive drop in first-quarter trading, a period of...
Moynihan, Gorman absolved as banks’ first-half revenue climbs
NEW YORK – First-half revenue at the six biggest U.S. banks climbed for the first time in four years, fueling profits and vindicating Bank...
BofA settles ‘big kahuna’ mortgage suit as new case looms
NEW YORK – Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled...
BofA joins Wells Fargo raising payouts after Fed stress test
NEW YORK - Bank of America Corp., Wells Fargo & Co. and American Express Co. boosted payouts to investors after passing U.S. tests of...
BofA, Goldman Sachs, Citigroup credit ratings cut by S&P
NEW YORK - Bank of America Corp., Goldman Sachs Group Inc. and Citigroup Inc. had long-term credit grades reduced to A- from A by...
BofA cuts may aid PNC as rivals challenge too-big-to-fail firms
SAN FRANCISCO - PNC Financial Services Group Inc., U.S. Bancorp and Toronto-Dominion Bank are among firms that may benefit as Bank of America Corp....
Bank foreclosure deal said to be held up over liability releases
NEW YORK - A push by U.S. banks to win broad liability releases has become one of the main obstacles in talks to resolve...
Foreclosure deal may let banks pick from menu of payment options
NEW YORK - U.S. banks and state attorneys general, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement...
Banks get edge in talks on foreclosure penalties as Feds settle
SAN FRANCISCO - Bank of America Corp., Wells Fargo & Co. and fellow mortgage servicers are more likely to dodge a threatened $20 billion...
Municipal debt levels putting U.S. banks at risk as local budget...
NEW YORK – Citigroup Inc., State Street Corp. and U.S. Bancorp are among U.S. banks whose municipal bond holdings have reached a 25-year high...
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