With fixed-income markets remaining tough, Citigroup’s forecast of a 5 per cent decline in markets revenue in the quarter turned into a 16 per cent drop

Citigroup, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter (Q4) profit after tak(...)

A sign sits above the entrance to a Credit Suisse Group  in Geneva, Switzerland. Photograph: Valentin Flauraud/Bloomberg

Credit Suisse said it would fight a US lawsuit which accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued. The Zu(...)

Jacques Gabillon, head of the global commodities principal investments group at Goldman Sachs Group, swears in to a Senate permanent subcommittee on investigations hearing in Washington, DC, today. Photograph: Andrew Harrer/Bloomberg

Goldman Sachs took the lead today in rejecting allegations by a powerful US Senate subcommittee that Wall Street banks were exploiting physical com(...)

Customers look at a model of a new residential compound, at a showroom in Hangzhou, Zhejiang province. Photograph: Reuters

Given the differing economic growth rates of recent years and the size of their populations, it was always a question of when, rather than if, China w(...)

A sign of US bank Goldman Sachs on the floor of the New York Stock Exchange. EPA/JUSTIN LANE

Wall Street firms led by Goldman Sachs Group are close to buying a stake in chat and instant messaging startup Perzo in pursuit of an alternative to a(...)

JPMorgan had been discussing an overseas listing with privately-owned Tianhe since at least 2011

JPMorgan Chase has stopped working on a Chinese firm’s initial public offering (IPO) amid an investigation by US authorities into the bank’s hiring pr(...)

Morgan Stanley, which has been working to reduce its risk-weighted assets to below $200 billion by 2016, said it would now aim to reach that target by 2015.  Photograph: Peter Foley/Bloomberg

Morgan Stanley rolled forward its plan to reduce its risky assets as the Wall Street bank focuses on generating a higher return on equity, a measure (...)

Shopping trolleys at a Sainsbury’s supermarket at Pulborough, southern England, this month. J Sainsbury reported its “best Christmas ever” this year

Markets fought back in the wake of steep falls on Wall Street overnight as positive updates on UK inflation and better-than-expected euro zone industr(...)

European Union competition commissioner Joaquin Almunia addresses a news conference at the EU Commission headquarters in Brussels. Photograph: Yves Herman/Reuters

Royal Bank of Scotland and Barclays are among a raft of global banking giants involved in a record €1.7 billion settlement with European regulators in(...)

Investors  have  pointed to Citi’s efforts to control costs in the third quarter as the most positive part of the earnings reported, which were also marked by top-line weakness in retail banking.

Citigroup has posted weaker than-expected third-quarter earnings as weak bond market trading volume hurt revenue at the third-largest US bank and acro(...)