banking industry
The Latest
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Citigroup To Eliminate Overdraft Fees Starting This Summer
Citigroup said non-sufficient funds fees, overdraft protection fees, and basic overdraft fees will be completely eliminated. Citigroup said non-sufficient funds fees, overdraft protection fees, and basic overdraft fees will be completely eliminated. -
Credit Suisse Embroiled In New Scandal Following Leak Of More Than 18,000 Accounts
Credit Suisse was accused of aiding and abetting criminals and allowing them to continue doing business despite their crimes. Credit Suisse was accused of aiding and abetting criminals and allowing them to continue doing business despite their crimes. -
UBS Q4 Earnings Beat Expectations, Upgrades Financial Targets
UBS posted profits of $1.35 billion for its fourth quarter, beating average analyst estimates of $853 million. UBS posted profits of $1.35 billion for its fourth quarter, beating average analyst estimates of $853 million. -
SoFi Shares Skyrocket After Approval Of Bank Charter License
SoFi Technologies was granted a bank charter license by the Federal Reserve and the Office of the Comptroller of the Currency. SoFi Technologies was granted a bank charter license by the Federal Reserve and the Office of the Comptroller of the Currency. -
Credit Suisse Boss Quits Over Violation Of COVID-19 Rules
Credit Suisse Chairman Antonio Horta-Osorio was found guilty of breaking COVID-19 rules at least twice last year. Credit Suisse Chairman Antonio Horta-Osorio was found guilty of breaking COVID-19 rules at least twice last year. -
Unionbank In Final Talks To Acquire Citigroup's Philippine Retail Banking Business
Aboitiz-led Union Bank of the Philippines will reportedly acquire Citigroup's local retail business in the Philippines through a deal worth an estimated $1 billion. Aboitiz-led Union Bank of the Philippines will reportedly acquire Citigroup's local retail business in the Philippines through a deal worth an estimated $1 billion. -
HSBC Winding Down U.S. Business To Focus On Asia
HSBC will focus more on profitable markets such as China. HSBC will focus more on profitable markets such as China. -
U.S. Banks To Share Customer Data To Improve Credit Access
Banks open to credit cards for those without official credit scores. Banks open to credit cards for those without official credit scores. -
Credit Suisse Dumps Archegos-Linked Share Holdings Worth $2.3 Billion
Credit Suisse made block trades of 34 million shares in ViacomCBS among other holdings. Credit Suisse made block trades of 34 million shares in ViacomCBS among other holdings. -
M&T Bank To Acquire People's United For $7 Billion
The two companies were in the final stages of the all-stock deal which could be announced soon. The two companies were in the final stages of the all-stock deal which could be announced soon.