Citadel Securities Revenue Drops Painful 35% Per New Report
Bloomberg reports that Ken Griffin's Citadel Securities revenue has plunged 35% from last year's gains as the market maker sets to compete with big banks.
US Banks Are Freezing Accounts and Withdrawals in New Scandal
US banks are freezing accounts and withdrawals in the latest scandal involving both checking and savings accounts.
Bank of America Pays Whopping $250 Million in New Scandal
Bank of America (NYSE:BAC) is paying a whopping $250 million fine in its latest scandal where the bank double charged insufficient fund fees and opened new accounts without customer's knowledge or consent.
New Study Reveals Big Banks Have $205 Billion in Losses
A new study reveals that the top 4 big banks in the U.S. have approximately $205 billion in unrealized losses. Banking news and updates today.
Big Banks Could Lose Whopping $541bn Says Fed
Big banks could lose a whopping $541bn in a doomsday scenario says the Fed in its annual stress test. Banking news and updates today.