Banking News

Citigroup Inc. shares are still struggling to keep up with the bank's peers, trading at a discount to tangible book value five years after the financial crisis.

Julie Barker-Merz recalls shooting up the corporate ladder very quickly when she started at the bank nearly two decades ago.

Bank of Nova Scotia Chief Executive Officer Brian Porter said the lender sees the most potential for expansion in Mexico, Peru, Chile and Colombia, countries with economic stability and a rising middle class.

China needs to regulate booming online financial services firms to curb the risks they pose to the wider financial sector, the former president of Industrial and Commercial Bank of China, Yang Kaisheng, said on Thursday.

According to a filing with a U.S. federal court in New York five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.

Canadian Western Bank says it earned $52.6 million in its latest quarter, up from $45.5 million a year ago, as revenue improved 14 per cent.

Oil traders are betting that Europe is too hooked on Russian fuel for the region to back energy sanctions against President Vladimir Putin.

The National Retail Federation submitted an official statement today for a hearing on data security being held by the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit, reiterating the retail industry's commitment to protecting Americans' financial information.

The report reflects the final documentation and pricing of the transaction following financial close.

The European Central Bank is expected to hold off on cutting interest rates on Thursday, opting instead to loosen lending conditions to fight off the danger of debilitating low inflation.

Procter, global head of compliance, government and regulatory affairs at Deutsche Bank, was one of several names singled out by Bafin in a report leaked in January, which called into question the bank's attempts at a "cultural transformation".

Calm returned to the stock market Wednesday after two days of volatile trading. The Standard & Poor's 500 index traded within a range of about five points, or about a quarter of a percentage point for the whole day, before ending a fraction lower.

The boost from Wells Fargo & Co. was a pleasant surprise. A previous request for an increase to meet expenses during a slow sales period for her online basket business, Jeanne Beatrice, was rejected.

A real estate agent puts up a "sold" sign in front of a house in Toronto April 20, 2010.

Barclays , Deutsche Bank and three other banks have been accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal, Bloomberg reported.

Singapore named the world's most expensive city Singapore has topped 131 cities globally to become the world's most expensive city to live in 2014, according to the Economist Intelligence Unit .

Founder and CEO of AlertEnterprise , Jasvir Gill was invited for a second year in a row, to present at IHS CERAWeek .

"We're in the money. We're in the money. We've got a lot of what it takes to get along!" That line from the Broadway musical "42nd Street" could well describe the mood of the world's richest people.

U.S. job growth likely picked up enough in February to encourage the Federal Reserve to continue to scale back its monetary stimulus, although the gain is likely to be tepid given the unrelentingly harsh winter weather.

When the European Central Bank next meets, this Thursday, all eyes will be on president Mario Draghi's catalog of policy tools.