NEW YORK — Morgan Stanley and Citigroup have settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own. The deal clears the way for Morgan Stanley to buy Citigroup’s 49 percent ...

Tagged with: bank Banks citigroup morgan stanley stock

NEW YORK — Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank’s growing problems before the financial crisis. The bank denied the allegations Wednesday, but said it agreed ...

Tagged with: Banks citi citigroup federal reserve financial crisis lawsuit losses shareholders

NEW YORK — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, ...

Tagged with: at&t boeing ceos citigroup Taxes vikram pandit

NEW YORK — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, ...

Tagged with: at&t boeing Business citigroup Government Taxes vikram pandit

NEW YORK — It’s tough being a big bank these days. Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered ...

Tagged with: Banks barclays citigroup facebook financial crisis goldman sachs interest rate JPMorgan Chase moody's morgan stanley revenue wall street

SACRAMENTO, Calif. — California will become the first state to write into law much of the national mortgage settlement negotiated this year with the nation’s top five banks, if state lawmakers approve wide-ranging legislation on Monday. Majority Democrats say they ...

Tagged with: ally financial Bank of America Banks california citigroup democrats foreclosure Foreclosures lenders mortgage penalties Settlement wells fargo

WASHINGTON — A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis. Stock in the bank, the largest in the ...

Tagged with: Banks barclays citigroup countrywide federal reserve jamie dimon JPMorgan Chase regulation securities and exchange commission Stocks wall street

NEW YORK — Citigroup shareholders are strongly expressing their displeasure with the pay that the bank’s top executives are taking home. At its annual meeting Tuesday, 55 percent of shareholders voted against the pay packages that have been granted to ...

Tagged with: bonus citigroup compensation executive compensation executives meeting shareholders vikram pandit

NEW YORK — Everyone expected Citigroup to pass the Federal Reserve’s latest stress test easily. It had just posted two years of profits, and CEO Vikram Pandit said as recently as March 7 that he was “confident” about rewarding shareholders ...

Tagged with: analysts Banks citigroup federal reserve

Maryland stands to receive between $895 million and $959 million in benefits under a pending multibillion-dollar nationwide settlement with the five largest mortgage lenders over alleged foreclosure abuses, Attorney General Douglas F. Gansler said Wednesday. Gansler joined the ranks of ...

Tagged with: ally financial Bank of America california citigroup class action doug gansler fannie mae foreclosure Foreclosures freddie mac general fund JPMorgan Chase lawsuit lenders maryland Settlement wells fargo