Strong investment banking results helped boost JPMorgan’s shares to their highest since April 2000

JPMorgan Chase & Co, the biggest United States bank by assets, reported a better-than-expected quarterly profit after a decision by the Swiss cent(...)

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(...)