ROCHESTER, N.Y. — Eastman Kodak Co. has a little over a year to reshape its money-losing businesses and deliver a get-out-of-bankruptcy plan. Girded by a $950 million financing deal with Citigroup Inc., the photography pioneer aims to keep operating normally ...

Tagged with: Apple Bankruptcy cash citigroup creditors Eastman Kodak Co. patents photography stock

WASHINGTON — An industry regulator fined Citigroup Inc. $725,000 for not disclosing conflicts of interest in the bank’s research division. The Financial Industry Regulatory Authority said Wednesday that Citigroup Global Markets failed to disclose the conflicts in reports that it ...

Tagged with: bank Banks citigroup fine FINRA

NEW YORK — In a sign that banks will continue to be punished for past mistakes, JPMorgan Chase set aside a large sum to fight lawsuits related to poorly-written mortgages during the real estate boom. The reserves hurt the bank’s ...

Tagged with: Bank of America Banks citigroup earnings jamie dimon JPMorgan Chase lawsuits mortgages new york Real Estate

NEW YORK  — You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on ...

Tagged with: Bank of America Banks borrowing cash citigroup credit cards debit cards debt earnings Economy europe federal reserve finance goldman sachs investment JPMorgan Chase morgan stanley mortgage rates regulators wells fargo

NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises. The proposal by the chief U.S. banking regulator will affect ...

Tagged with: Banks cash citigroup federal reserve financial crisis goldman sachs JPMorgan Chase loans regulations

NEW YORK— Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in court papers filed late Monday in U.S. ...

Tagged with: Bank of America citigroup merrill lynch securities and exchange commission Settlement U.S. District Court

NEW YORK — A federal judge on Monday struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn’t tell whether the deal was fair and criticizing regulators for shielding the public from ...

Tagged with: citigroup financial markets investment lawsuit new york SEC securities and exchange commission Settlement U.S. District Court

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday. The Federal Deposit Insurance Corp. said the ...

Tagged with: assets Bank of America Banks citigroup credit card earnings Federal Deposit Insurance Corp. JPMorgan Chase loans revenue wells fargo

WASHINGTON — Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was starting to collapse. The Securities and Exchange Commission said Wednesday that the ...

Tagged with: Banks citigroup housing housing market SEC securities and exchange commission wall street

NEW YORK — Citigroup Inc.’s earnings rose 74 percent in the third quarter as more of its customers paid their bills on time, leading to lower losses from loans. An accounting gain also boosted income. The profit report came as ...

Tagged with: bank Banks citigroup earnings new york occupy wall street profit revenue vikram pandit wall street