Banking News

Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

Ryan DuVall, restaurant critic for The Journal Gazette, was a "foodie" long before joining The Journal Gazette in 1999.

Former Commonwealth Bank of Australia chief executive Ralph Norris has broken his silence over the bank's financial planning scandal, labelling the advisers involved as ''rogue people'' and denying any conspiracy to defraud customers.

A: LeBron's return to the Cleveland may be good news for Cavs fans. But the same isn't true for investors in Cleveland-based stocks.

Visiting Pet Teams of South Mississippi presented 11 new teams and 11 re-registered teams in a special ceremony at the eighth annual pet therapy graduation at Memorial Hospital at Gulfport on Saturday.

You want to give your children everything. But sometimes you can go too far and create a spoiled, entitled brat.

InnoSpring , a two-year-old accelerator founded in Silicon Valley to help U.S. and Chinese tech startups expand across borders, is raising a second fund, Venture Capital Dispatch has learned.

Steve Hennigan, president and CEO of the San Antonio Federal Credit Union, has been tapped to join the Federal Reserve Bank of Dallas' Community Depository Institutions Advisory Council.

Seattle's Regal Financial Bank has reached agreement to merge with another bank.

WASHINGTON -- Federal government laboratories in Atlanta improperly sent potentially deadly pathogens, including anthrax, botulism bacteria and a virulent bird flu virus, to other laboratories in five separate incidents over the past decade, officials said Friday.

Investors spend a great deal of time discussing when the Federal Reserve will begin raising short-term interest rates.

Elizabeth Comper had a comfortable life a decade ago as wife of the Bank of Montreal's chief executive when she saw something on television that shocked and upset her: the world's oldest hatred flaring up again in her own country.

Wells Fargo & Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.

The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops.

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago more than triple the overall inflation rate.

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower costs even as the lender snapped a 17-quarter streak of rising per-share earnings.

Second-quarter earnings reports likely to disappoint as fixed-income, currencies and commodities no longer spinning easy revenues.

A currency trader passes by screens showing the Korea Composite Stock Price Index, left, and the exchange rate between the U.S. dollar and the South Korean won at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, July 11, 2014.

Don't panic. Bank of America isn't leaving town. Neither is Wells Fargo . But trends tell us it's probably time to start thinking about a post-Banktown Charlotte.

A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week.