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Big banks have saved $32 billion from Trump’s tax cuts, report says

The nation's six top banks saved $18 billion in 2019 as a result of the Tax Cuts and Jobs Act, according to an analysis by Bloomberg News.

Goldman Sachs misses profit forecasts as legal costs double to more than $1 billion

The bank posted a strong quarter for trading, but the impact was muted by a $1.1 billion legal charge amid a pending settlement for the 1MDB scandal.

Bank of America 4Q earnings beat Wall Street’s profit forecasts as sales and trading revenue jumps

The banking titan posted lower revenue and net income in three of its four main divisions, while sales and trading drove growth in global markets.
U.S. Department of Homeland Security employees work during a guided media tour inside the National Cybersecurity and Communications Integration Center in Arlington, Virginia June 26, 2014. Picture taken June 26, 2014.

A cyberattack on a major US financial institution would affect more than a third of bank assets, New York Fed warns

A cyberattack on any one of the five most active banks could spill over to others and affect more than a third of assets in the overall network.

One investor bought shares of Bear Stearns days before its 2008 takeover — and he just broke even on the trade

Stephen Bearce has since made a few dollars from the trade, but he has no plans on selling and will hold the stock as a memento, he told The Journal.

A woman in Texas became a multimillionaire in a matter of seconds thanks to a banking error

Ruth Balloon checked her account and noticed that her balance seemed off — as in about $37 million higher than usual.

Goldman Sachs is reportedly in talks to admit guilt, pay $2 billion fine to settle probe into Malaysian investment fund

A roughly $2 billion fine would be one of the largest issued to a bank since firms payed massive settlements following the 2008 financial crisis.
FILE PHOTO: A man uses an ATM machine next an inflatable plastic balloon inside a Bank of America branch in Times Square in New York

Automation and artificial intelligence could save banks more than $70 billion by 2025

Savings across the entire financial services industry could top $140 billion in the same time frame, according to Accenture.
The gothic mansion that houses the vault, known as Stanhope House, was built in 1910 for soap manufacturer Mr. R.W. Hudson and has views of Hyde Park.

A new bank vault exclusively for billionaires is opening in a former mansion on one of London’s ritziest streets, and its ultra-wealthy clients ...

International Bank Vaults is opening a new location in London that will house the most expensive safety deposit boxes in the British capital.
Switzerland's national flag flies below a logo of Swiss bank UBS in Zurich

UBS faces a $51 million fine for overcharging Hong Kong accounts through excess trade fees

Hong Kong's Securities and Futures Commission found the bank's malpractice affected roughly 5,000 clients over about 28,700 transactions.