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BofA fined $1.2 billion by US government for failing to police suspicious activity

BofA fined $1.2 billion by US government for failing to police suspicious activity

By Pete Schroeder, Ismail Shakil and Saeed Azhar Oct 13 (Reuters) - Bank of America has been fined $1.21 billion by the US government for what it called widespread failures to properly police potential money laundering and other illicit activity at the nation's second-largest bank.

Exclusive-Bank of America loses bankers, tells staff of big ambition, continued hiring

Exclusive-Bank of America loses bankers, tells staff of big ambition, continued hiring

By Svea Herbst-Bayliss, Saeed Azhar and Milana Vinn NEW YORK, Oct 13 (Reuters) - Bank of America's top leaders had a problem in the first week of August.

Goldman Sachs quarterly profit rises on equities strength

Goldman Sachs quarterly profit rises on equities strength

By Saeed Azhar and Pritam Biswas Oct 13 (Reuters) - Goldman Sachs on Tuesday posted a higher third-quarter profit as dealmaking remained steady and volatile markets tied to the Middle East conflict boosted the Wall Street giant's equities revenue.

Bank of America hit with $1.2B penalty over anti-money laundering failures

Bank of America hit with $1.2B penalty over anti-money laundering failures

Bank of America faces one of the largest penalties in U.S. Treasury history over anti-money laundering and sanctions violations.

Citi profit tops estimates on higher investment banking, services and wealth revenue

Citi profit tops estimates on higher investment banking, services and wealth revenue

By Tatiana Bautzer and Prakhar Srivastava Oct 13 (Reuters) - Citigroup beat Wall Street estimates for third-quarter profit on Tuesday, helped by stronger investment banking revenue and transactions with multinational companies as well as higher earnings from wealth management.

Citi tops profit estimates on higher investment banking, services and wealth revenue

Citi tops profit estimates on higher investment banking, services and wealth revenue

By Tatiana Bautzer and Prakhar Srivastava Oct 13 (Reuters) - Citigroup beat Wall Street estimates for third-quarter profit on Tuesday, helped by stronger investment banking revenue and transactions with multinational companies as well as higher wealth management earnings.

JPMorgan hit by slowdown in investment banking momentum, shares slip

JPMorgan hit by slowdown in investment banking momentum, shares slip

(Corrects to add percentage sign in paragraph 3) Oct 13 (Reuters) - JPMorgan Chase's profit rose in the third quarter, driven by investment banking and trading performance, but its shares fell 3% in premarket trading as a recent slowdown in dealmaking raised concerns about future growth.

Citi profit jumps 40% with higher investment banking, services and wealth revenue

Citi profit jumps 40% with higher investment banking, services and wealth revenue

By Tatiana Bautzer and Prakhar Srivastava Oct 13 (Reuters) - Citigroup's third-quarter profit rose 40% compared to a year earlier, helped by stronger investment banking revenue and transactions with multinational companies as well as higher wealth management earnings.

US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws

US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws

The U.S. Treasury Department says it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws

Wall St edges lower as chips fall; markets assess big bank earnings

Wall St edges lower as chips fall; markets assess big bank earnings

By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) - The S&P 500 and the Nasdaq inched lower on Tuesday as chip stocks came under selling pressure while investors parsed a mixed bag of quarterly results, including those from big US banks.

Goldman Sachs beats quarterly profit estimates on equities strength

Goldman Sachs beats quarterly profit estimates on equities strength

By Saeed Azhar and Pritam Biswas Oct 13 (Reuters) - Goldman Sachs on Tuesday beat third-quarter profit estimates, as dealmaking remained steady and volatile markets tied to the Middle East conflict lifted its equities revenue, sending its shares up 3.8% before the bell.

Oil rallies, sending dollar higher on expectations of higher US rates

Oil rallies, sending dollar higher on expectations of higher US rates

By Sinéad Carew and Danilo Masoni NEW YORK/MILAN, Oct 12 (Reuters) - Oil prices climbed on Monday as attacks on Saudi Arabia overshadowed hopes for supply improvements, and expectations for higher US interest rates to fight inflation drove the dollar higher on a narrowly mixed day for global stocks.