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PHILADELPHIA HAS SUED seven banks accusing them of costing local governments billions of dollars by colluding to fix the prices on floating-rate bonds issued to finance public works. / BLOOMBERG NEWS FILE PHOTO/JOHN TAGGART

Philadelphia sues seven banks over ‘collusion’ in muni deals

NEW YORK - Philadelphia sued seven banks including JPMorgan Chase & Co. and Bank of America Corp., accusing them of costing local governments billions of...
MICHAEL DISANDRO is the regional vice president in Rhode Island for the middle-market banking division of Wells Fargo & Co., which donated $218,000 to 17 nonprofits in Rhode Island last year.

Wells Fargo donates $218K to R.I. organizations in 2017

PROVIDENCE – Wells Fargo & Co. donated $218,000 to 17 nonprofits in Rhode Island last year.The company recently released a year-end report detailing its...
WELLS FARGO raised its estimate for how many bogus accounts employees may have created to 3.5 million. / BLOOMBERG FILE PHOTO/ERIC THAYER

Wells Fargo boosts fake-account estimate 67% to 3.5M

NEW YORK - Wells Fargo & Co. raised its estimate for how many bogus accounts employees may have created, a sign the bank is...
THE SIX BIGGEST U.S. BANKS are poised to make a combined $27 billion of gross profit if the government shifts to changes to post-crisis banking rules proposed by Donald Trump’s administration. / BLOOMBERG

Big U.S. banks could see profit jump 20% with deregulation

NEW YORK -  The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest U.S. banks, lifting their...
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