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Citigroup profits up 3.5% on lower costs, improved credit

Last Updated: Monday, April 14, 2014, 18:47

Citigroup reported slightly higher quarterly earnings on Monday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and trading.

Citigroup cuts 200-300 jobs: Report

Last Updated: Monday, April 14, 2014, 18:11

US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.

Russia says JPMorgan ''illegally'' blocked embassy money transfer

Last Updated: Wednesday, April 02, 2014, 07:52

Russia accused US bank JPMorgan on Tuesday of "illegally" blocking a payment from one of its embassies to an insurance agency "under the pretext of anti-Russian sanctions."

JPMorgan to cut 8,000 jobs, lowers 2014 profit target

Last Updated: Wednesday, February 26, 2014, 09:56

JPMorgan Chase & Co , the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.

JPMorgan profit beats estimates on lower costs, provisions

Last Updated: Tuesday, January 14, 2014, 20:12

JPMorgan Chase & Co reported a better-than-expected adjusted quarterly profit as the biggest US bank kept a lid on costs and set aside less money to cover bad loans.

Copper and oil slide, world equities dip

Last Updated: Saturday, January 04, 2014, 04:52

Copper futures dropped on Friday on concerns over Chinese growth and as the U.S. dollar strengthened, while crude oil extended recent losses and a global gauge of equities drifted lower.

Bloodless bank heist impressed cybercrime experts

Last Updated: Saturday, May 11, 2013, 21:06

Bloodless bank heist netted more than USD 45 million left cybercrime experts impressed by technical sophistication, if not virtue, of con artists who pulled off internationally organised attack.

US banks earn $34.7 bn in 2012 Q4

Last Updated: Wednesday, February 27, 2013, 14:03

US banks reported strong profit growth in the fourth quarter of 2012, the Federal Deposit Insurance Corp (FDIC) said.

Armed man wearing ‘Romney mask’ robs US bank

Last Updated: Saturday, December 15, 2012, 15:20

The armed robber, wearing the Romney mask, methodically robbed all five tellers at the Virginia bank in suburban Washington, DC, the New York Daily News reports.

Suspects sought after Hollywood-style bank heist

Last Updated: Thursday, September 06, 2012, 23:49

The robbers took an undisclosed amount of cash from the Bank of America branch when it opened, but no one was injured.

4th largest US bank Wells Fargo to move jobs to India soon

Last Updated: Sunday, June 24, 2012, 16:05

Even though the US is in the election mode and is under the anti-outsourcing Obama administration, the fourth largest lender there by assets, Wells Fargo has decided to move an unspecified number of jobs to India, as part of its plan to trim cost.

US Exim Bank considering $2bn proposals from Indian corporates

Last Updated: Thursday, January 05, 2012, 00:06

He said the bank is also interested in extending education loans to students planning to study in the US.