Edition:
United States

Imani Moise

Exclusive: U.S. digital banking startup Cogni closes $1.7 million seed funding

Nov 05 2018

NEW YORK Cogni Inc, a New York-based digital banking start-up that wants to hold deposits for consumers and book their hotels, flights and movie tickets, recently closed a $1.7 million seed funding round as it prepares to launch.

Merrill Lynch to pay brokers bonuses based on credits for recruiting clients

Nov 01 2018

NEW YORK Bank of America's Merrill Lynch Wealth Management said on Thursday that starting next year, it will give advisers more credit toward earning bonuses for recruiting clients worth $25 million than it will for recruiting clients who have less money.

BofA's head of digital banking to depart at year end

Oct 30 2018

Bank of America Corp.'s head of digital banking Michelle Moore will leave the company at the end of the year to focus on her family, the bank said in an internal memo sent to employees and seen by Reuters on Tuesday.

Two Wells Fargo executives go on leave of absence amid sales scandal review

Oct 25 2018

Wells Fargo & Co said on Wednesday it put two executives on leave in connection with ongoing regulatory reviews into the bank’s retail sales practices.

Exclusive: BofA top brass tries to soothe disgruntled dealmakers - sources

Oct 24 2018

NEW YORK/LONDON Top Bank of America Corp executives, including Chief Executive Officer Brian Moynihan, made a surprise appearance at a gathering of the bank's senior dealmakers on Tuesday in an effort to boost morale, two people familiar with the matter told Reuters.

Exclusive: BofA top brass tries to soothe disgruntled dealmakers - sources

Oct 24 2018

NEW YORK/LONDON Top Bank of America Corp executives, including Chief Executive Officer Brian Moynihan, made a surprise appearance at a gathering of the bank's senior dealmakers on Tuesday in an effort to boost morale, two people familiar with the matter told Reuters.

Senator Warren urges Fed to require removal of Wells Fargo CEO

Oct 18 2018

WASHINGTON/NEW YORK U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

Bank of America's lagging loan growth overshadows profit gains

Oct 15 2018

Bank of America Corp's loan growth lagged rivals and fees from advising on deals and underwriting bonds fell in the third quarter, sending its share price 1.7 lower even as profit beat expectations.

U.S. banks profit from higher rates, more loans and lower costs

Oct 12 2018

NEW YORK Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue. | Video

Wells Fargo profit rises, cost cuts paying off

Oct 12 2018

Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and worked to put past misdeeds behind it. | Video

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