Edition:
United States

Imani Moise

Citigroup profit beats on investment banking boost

Apr 15 2019

Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew its investment-banking business and expanded net-interest margin.

Lyft pulls electric bikes in three U.S. cities after complaints about braking

Apr 14 2019

NEW YORK Lyft Inc is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday.

REFILE-Lyft pulls electric bikes in three U.S. cities after complaints about braking

Apr 14 2019

NEW YORK, April 14 Lyft Inc is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday.

Wells Fargo's revenue outlook spooks investors

Apr 12 2019

NEW YORK Wells Fargo & Co shares fell as much as 3 percent on Friday after the bank dialed back its net interest income outlook for this year and reported a decline in total quarterly revenue.

Head of Citigroup's institutional clients unit retires: memo

Apr 11 2019

NEW YORK James Forese, president and chief executive officer of Citigroup Inc's> institutional clients business, which contributed two-third's of the bank's profits last year, is retiring, according to an internal memo seen by Reuters.

U.S. lawmakers grill bank CEOs on social issues

Apr 10 2019

Chief executives of some of the largest U.S. banks faced off with the House Financial Services committee for the first time since the financial crisis on Wednesday armed with the healthy balance sheets, but lawmakers grilled executives more on social issues than business fundamentals. | Video

U.S. bank CEOs face off with Congress for the first time since financial crisis

Apr 10 2019

April 10 Chief executives of some of the largest U.S. banks will testify before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.

U.S. consumer watchdog says 'all options on table' for enforcing Wells Fargo order

Apr 09 2019

WASHINGTON/NEW YORK The U.S. Consumer Financial Protection Bureau (CFPB) has told Congress that "all options are on the table" for enforcing a 2018 consent order against Wells Fargo, raising the prospect of potential future penalties or other sanctions against the bank.

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