Banking News

On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange.

Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc.

Global financial uncertainty and slowing job creation made Canadians feel less optimistic about the economy last month, according to a Royal Bank of Canada survey.

Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal.

Federal officials say a deal has been reached between states and the nation's biggest mortgage lenders over foreclosure abuses.

Greece's crucial euro130 billion bailout was in limbo Thursday, after political leaders failed to accept the entire batch of new austerity measures that are demanded by creditors but have fuelled outrage in the recession-hit country.

After years of driving bank merger integrations, David Carroll is putting the same kind of energy into fine-tuning the wealth, brokerage and retirement services business he runs for After a strategy review last year, his unit is pursuing a series of projects designed to improve cross-selling, simplify product offerings and meet efficiency goals ... (more)

Two years after a massive earthquake, Haiti is even more vulnerable to natural catastrophes and still does not have the capacity to manage even small events, Haitian Prime Minister Garry Conille said Tuesday.

A currency trader reacts near the Korea Composite Stock Price Index , at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Feb.

The recent forced public auction of Bank of America's signature 55-story office tower in Atlanta is yet another example of the U.S. foreclosure crisis.

Germany's Deutsche Bank will defer any part of an employee's bonus above 200,000 euros this year, a source close to the bank said, making it the latest industry player to limit pay in the face of fierce criticism of the industry.

With Europe sliding toward recession, the region's two main central banks are preparing to redouble their emergency measures aimed at softening the downturn and blunting the effects of the government debt crisis.

Greek coalition leaders are studying a draft deal on further austerity measures demanded to secure a new bailout that will determine whether the country avoids a looming bankruptcy next month.

One of the great benefits of my avocation as a food writer of some local repute is that I am... NASHVILLE, Tenn.

As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

Spain's three top banks said Tuesday they will set aside an additional euro6.1 billion to meet a new government demand for all banks to boost their buffers against troubled real estate assets.

Goldman Sachs CEO Lloyd Blankfein's bonus will be cut to $7 million this year from $12.6 million the year before, according to Equilar, an executive compensation data firm.

Switzerland's biggest bank UBS AG reported Tuesday a 76 per cent drop in net profits during the fourth quarter of 2011 compared with the same period in 2010, a sign of continued struggles linked to its $2 billion rogue trading scandal and economic weakness in Europe and abroad.

The vice president of the Swiss National Bank says Switzerland's economy is expected to "slow considerably" despite the Swiss franc falling back against the euro.

Greek leaders face crunch talks on Tuesday to agree on unpopular reforms to secure a 130-billion-euro bailout and avert a chaotic debt default which could threaten its future in the euro zone.