Banks

Banks ask for help protecting customers from online romance scams

Business
Jessica Roberts

“We really need help,” Paul Benda, the executive vice president for risk, fraud and cybersecurity at the American Bankers Association, said in an ...

Deutsche Bank smashes profit estimates and boosts shareholder returns

Business
Jessica Roberts

The German lender also announced plans to hike share buybacks and dividends by 50%, returning a total of 1.6 billion euros to ...

Andy Cohen says he was scammed out of ‘a lot of money’ by fraudster who got his bank account details

Entertainment
Laura Davis

TV By Emily Selleck Published Jan. 1, 2024, 6:29 p.m. ET Andy Cohen lost “a lot of money” after falling victim to ...

UK inflation rate drops more than expected to 3.9% in November

Business
Jessica Roberts

Month-on-month, headline CPI fell by 0.2%, compared to a consensus forecast of a 0.1% increase. Core CPI — which excludes volatile food, ...

Wall Street CEOs say Basel 3 endgame rules will hurt Americans

Business
Jessica Roberts

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO ...

‘If I was the government, I’d close it down’

Business
Jessica Roberts

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight ...

Swiss bank Banque Pictet admits hiding Americans’ income from IRS

Business
Jessica Roberts

A major Swiss bank admits it conspired with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service. ...

Mastercard says wide adoption of CBDCs is ‘difficult’

Business
Jessica Roberts

The difficult part of central bank digital currencies is adoption, said Ashok Venkateswaran, Mastercard’s blockchain and digital assets lead for Asia-Pacific. Consumers ...

UBS q3 2023 earnings

Business
Jessica Roberts

The loss was driven by $2 billion in expenses related to the Credit Suisse integration, with the bank recording an underlying operating ...

profit after tax surges over 235% year-on-year

Business
Jessica Roberts

HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in ...