To ensure the nation’s largest banks won’t crumble in the next big economic downturn, the Fed put the nation’s biggest banks through a tough stress test.
A new report released by the Treasury’s Office of Financial Research scores banks on the scale of risk they pose to the financial system, and Chase came in at No. 1 overall by a wide margin.
A poll released this week by the Progressive Change Institute showed 58 percent of Americans support breaking up big banks like Citigroup.
The good news is that Congress just passed a massive spending bill. The bad news is that critics say that Citigroup wrote some of the provisions in the bill, giving Wall Street some help in ditching Dodd-Frank.
The Federal Reserve denied the capital plans for Citigroup and four other bank companies.
A new study shows that account holders are feeling more satisfied with their banks this year.
Citigroup announced 11,000 layoffs worldwide. The news gave the stock price a boost. Do layoffs always raise stock prices?
It looks like consumers aren’t the only ones downgrading their opinions of big banks. After revising its criteria for assigning credit ratings to financial institutions, Standard & Poor’s released a new round of ratings that includes some bad news for a few of the biggest members of the banking industry. Bank of America, Citigroup, Wells
Nomi Prins was an investment banker for Bear Stearns and Goldman Sachs, then quit and became a muckraking reporter. (I like to imagine that she met the Devil at a crossroads to buy back her soul.) Prins’s banking career accounts for the strengths and the weaknesses of her book, “It Takes a Pillage,” an explanation