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Finance

Goldman Sachs fined $110 million in Forex probe

Goldman Sachs Group Inc. (GS) has been fined $110 million over illegal information sharing by its Forex traders regarding client…

Banks at risk as tech firms trespass into the financial services territory

Tech firms have become so popular that they are already quite ubiquitous. In fact, they are like The Mad Titan…

Deutsche Bank plans a major overhaul of operations

Deutsche Bank AG (DB) is planning a major overhaul of its operations after reporting disappointing results for its first quarter…

LendingClub shares sink after FTC files complaint

Just a few months after LendingClub agreed to settle a lawsuit relating to CEO Renaud Laplanche 's departure disclosure to…

Visa’s Q2 results top estimates on improved spending

Visa's (V) second quarter results topped analyst estimates. Adjusted earnings jumped 30% to $1.11 per share, while operating revenues came…

Nothing’s looking ‘fine’ for Wells Fargo

Wells Fargo & Co. (WFC) was handed a fine of $1 billion in a case relating to malpractices in its…

Barclays CEO gets to keep job after whistle-blower scandal

Barclays’ CEO James E. Staley has been awarded a fine for his attempts to find the identity of a whistle-blower,…

Interest income bump lifts US Bancorp in the first quarter

U.S. Bancorp (USB) reported first quarter earnings of $0.96 per share, beating street estimates driven by bump in interest income…

Active trading lifts Morgan Stanley results in Q1

Morgan Stanley (MS) — the last major investment bank to report earnings — soundly exceeded market expectations during the first quarter…

Goldman Sachs tops estimates; profit jumps 25%

Multinational investment banking titan Goldman Sachs (GS), which has been trying to recover its foothold in its critical trading units…