Banking News

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UBS AG boosted Chief Executive Officer Sergio Ermotti's compensation by 21 percent to 10.73 million Swiss francs , the last time the decision will fall exclusively on the bank's board as Swiss governance rules change.

Royal Bank is one of the banks named in an FDIC lawsuit over fixing the LIBOR rate.

JPMorgan Chase & Co.' s price target points to a potential downside of 2.88% from the stock's previous close.

"I don't even go out of my house, especially with the kids. I can't have the kids outside," said the mother.

Thomas Lee, the JPMorgan Chase & Co. chief equity strategist who has called for gains in American stocks for six straight years and got them in four, is leaving the firm.

On March 13, the son of Jon Corzine was found dead in Mexico City of an apparent suicide .

A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit.

As a filmmaker and activist based in San Francisco, I am suing Wells Fargo Bank, which assumed the predatory loan on my family home that traveled a slippery slope from Countrywide to World Savings Bank to Wachovia, all of which went out of business due to dubious, immoral and illegal activity.

Three nominees for the Federal Reserve's board expressed their support Thursday for the Fed's efforts to bolster the U.S. economy.

Deutsche Bank said om Thursday it has had a "slow" start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.

Wells Fargo certainly has made the most of the recovery in housing over the past five years, reaching record levels of earnings for the last 11 quarters.

Citigroup CEO Michael Corbat was paid a total of $17.6 million last year, his first full year on the job.

The combined profits of Goldman Sachs, JPMorgan Chase and other banks and brokers fell by 30% and revenues across the industry were flat.

Data suggest that northeast Indiana is in a "quiet growth phase in which businesses are not likely to announce minor hiring or reduction efforts," local officials announced today.

NRG Energy Inc's said its retail electric U.S. customer base will grow by 30 percent with Tuesday's agreement to acquire the retail power business of Dominion Resources Inc for an undisclosed amount.

King Digital Entertainment, maker of the Candy Crush Saga mobile game, today set terms for an initial public offering that could value the company at more than $7 billion.

Bank of America Corp on Tuesday named Rodrigo Xavier as the top executive for its wholesale and investment banking unit in Brazil, where the second-largest U.S. lender has enjoyed fast growth in recent years.

Yet another recession-triggered split in the consumer sector is becoming more evident: Higher job security among those with a job versus dwindling hope for the long-run unemployed.

Top Citigroup Inc executives Manuel Medina-Mora and Brian Leach are taking the lead on an internal probe into alleged fraud at the U.S. bank's Mexican unit Banamex, the Wall Street Journal reported, citing people familiar with the matter.