Banking News

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.

Yahoo chief executive Marissa Mayer appears on NBC's Today show in New York, Feb. 20, 2013.

Financial giant JPMorgan Chase and Liberty Bank are starting a program in Detroit to help people finance, repair and restore homes being sold through the city's online auctions.

While the U.S. Navy keeps shrinking, Navy Federal Credit Union keeps growing. The Vienna, Va.-based credit union, the nation's largest, surpassed $6 billion in assets last month and now has more than 5 million members.

JPMorgan Chase & Co., the biggest U.S. bank, hired UBS AG's former China Chairman David Li to lead the Wall Street firm's operations in the Asian nation.

The red line in the chart above shows the price of the loonie, in U.S. cents. The blue line shows the global price for a pound of copper.

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

Today: Gigamon plummets after revealing that earnings report will not live up to expectations.

A top European Central Bank official says Britain leaving the European Union would be an "enormous shock" whose consequences would be difficult to manage.

An illuminated euro sign is seen in front of the headquarters of the European Central Bank in the late evening in Frankfurt January 8, 2013.

Severe thunderstorms rolled into the area on gusts of wind that felled trees, knocked out power lines and sent emergency crews on calls all over the region.

Citigroup is nearing a $7B settlement deal over shoddy mortgages, sources familiar with the deal say, reports The Wall Street Journal.

Richmond Mayor Gayle McLaughlin found the doors locked at Wells Fargo's San Francisco headquarters in August 2013.