How strong is the euro really? Despite European policymakers' alarm over its run to 2-1/2-year highs against the dollar, several factors governing exchange rates imply the single currency's bout of strength is far from over.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will not get a raise in his annual pay and will receive $31.5 million for his work in 2020, the bank said on Thursday.
Morgan Stanley boosted both its short and long-term operating targets on Wednesday after coronavirus-induced volatility in financial markets helped the Wall Street bank post a quarterly profit that sailed past estimates.
Goldman Sachs Group Inc posted a blockbuster fourth-quarter profit that dwarfed Wall Street estimates on Tuesday, but executives warned that capital markets activity fueling results lately will probably slow down and that the bank's consumer business will take longer to get in the black.
Bank of America Corp executives said on Tuesday they were optimistic the bank could return to loan growth this year, after the coronavirus pandemic caused its loan book to shrink on an annual basis for the first time since 2014.
HSBC plans to axe 82 branches in Britain this year after a drop in footfall across its retail network and a surge in digital banking, the bank said on Tuesday.
Former Hong Kong lawmaker Ted Hui has renewed his criticism of HSBC for freezing his local bank accounts even after the global bank's chief executive, Noel Quinn, wrote to him to explain the circumstances of the change.
Citigroup Inc reported quarterly profit that beat market expectations on Friday, but a downbeat revenue and expense outlook showed it will take more than a year for the emerging economic recovery to trickle through to the bank's bottom line.
Wells Fargo & Co posted a small rise in quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped buffer historic near-zero interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as it released some of the cash it had built up against coronavirus-driven loan losses, although the bank cautioned that demand for loans was likely to remain sluggish this year.
The U.S. Senate Finance Committee on Friday unanimously approved Janet Yellen's nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies.