US banking

JPMorgan profit weaker than expected as trading revenue falls

Overall, net income fell 19 percent to $5.27 billion, or $1.28 per share, from $6.53 billion, or $1.59 per share, in the same quarter of 2013, the biggest U.S. bank said on Friday.

Apr 12, 2014, 10:01 AM IST

JPMorgan earnings fall 19% on lower mortgage income

JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.

Apr 11, 2014, 18:07 PM IST

Morgan Stanley set to pay $275 mn to settle SEC probe

US banking giant Morgan Stanley on Tuesday said it would pay USD 275 million to settle a Securities and Exchange Commission probe of mortgage-backed securities deals.

Feb 26, 2014, 09:43 AM IST

Wells Fargo profits rise despite revenue drop

US banking giant Wells Fargo Tuesday reported a 10.5 percent rise in earnings as improving credit quality and growth in overall loans offset lower mortgage revenues.

Jan 14, 2014, 20:23 PM IST

HSBC to pay $1.9 bn to settle money laundering case

British bank HSBC will have to cough up USD 1.9 billion to US authorities to settle allegations of money laundering.

Dec 11, 2012, 10:31 AM IST

HSBC to pay over $1.5bn in fines to settle US ‘money-laundering’ probe

British banking giant HSBC is likely to pay over 1.5billion dollars in fines to US authorities in a bid to settle money-laundering investigations into its business.

Dec 07, 2012, 17:39 PM IST