Finance
Wells Fargo CEO to take 'full responsibility' in Senate hearing: NY Times
Wells Fargo & Co's chief executive, John Stumpf, will tell U.S. senators on Tuesday that he is "deeply sorry" for selling customers unauthorized bank accounts and credit cards and that he would take "full responsibility" for the unethical activity, the New York Times reported on Monday.
Bitcoin is money, U.S. judge says in case tied to JPMorgan hack
NEW YORK Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies.
Britain's May meets Goldman, Amazon, IBM to discuss post-Brexit investment
NEW YORK British Prime Minister Theresa May met business chiefs from firms including Goldman Sachs , IBM and Amazon.com on Monday in an attempt to reassure investors after her country's shock vote to leave the European Union.
Deutsche Bank to securitize billions worth corporate loans: source
Deutsche Bank , which faces a hefty fine from the U.S. Department of Justice over mortgage-backed securities, is planning to convert billions of dollars of corporate loans into marketable securities, according to a person close to the matter.
Wall St. falls; risk of Deutsche Bank fine hits banks
U.S. stocks fell on Friday as the possibility of a $14 billion fine against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the U.S. Federal Reserve will hike interest rates.
Wells Fargo faces proposed class action over bogus accounts
NEW YORK Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior.
Financials drag stocks lower on Deutsche Bank fine risk
NEW YORK The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading major global stock indexes lower.
Deutsche Bank to fight $14 billion demand from U.S. authorities
FRANKFURT Deutsche Bank said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany's largest lender. | Video
Credit Suisse details Zika precautions ahead of Miami credit conference
Credit Suisse in an e-mail to expected attendees of its upcoming credit conference in Miami detailed protection measures the venue is taking to address the Zika virus.
Exclusive: Private equity in Africa loses its shine
JOHANNESBURG Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy.