Wells Fargo

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 Fiat Chrysler cars in Detroit. The consequences of a car sector meltdown might not be as severe as in mortgages but “there will be fallout”, said Joseph Cioffi, of  Davis & Gilbert. Photograph: Brett Carlsen/The New York Times)

Big banks are pulling back from the $1.2 trillion US car-loan market, fearing consumers have taken on more debt than they can handle. Lenders piled i(...)

Former RBS chief executive  Fred Goodwin would face scrutiny over his decision-making and leadership at the time of the lender’s near-collapse if the trial were to go ahead. Photograph: Reuters

Royal Bank of Scotland (RBS) has tried to reach a last-minute settlement with a group of investors who allege that the lender misled them over a 2008 (...)

US stocks were on track to record their steepest fall in nearly a month early on Thursday amid broad declines, led by retail and bank stocks.

US and European stocks fell on Thursday, along with the dollar as political uncertainty in the United States sent investors in search of safer investm(...)

Berkshire Hathaway shareholders watch the company’s annual meeting, at which Buffett and Munger rued several of the tech investments they never made. Photograph: Rick Wilking/Reuters

It was with his traditional glib mannerism that Charlie Munger – Berkshire Hathaway vice-chairman and Warren Buffett’s right-hand man – hurled a caval(...)

Moody’s said CRH’s debt-reduction efforts have been “impressive”. Photograph: Brenda Fitzsimons

CRH has launched a bond sale in the US as it seeks to refinance $650 million (€596m) of expensive debt ahead of schedule. The group’s CRH America Fi(...)

JPMorgan Chase & Co’s net income rose to $6.45bn  in the first quarter ended March 31st, from $5.52bn   a year earlier. Photograph: iStock

JPMorgan Chase & Co, the biggest US bank by assets, reported a 16.8 per cent rise in quarterly profit on Thursday as the bank made more loans and (...)

Gains for financial stocks lead to a rise in European shares. Photograph: Getty Images/Moodboard RF

European shares rose on Wednesday, driven by gains in financial stocks and carmakers, as the first-quarter earnings season kicked off and a rise in t(...)

The British authorities are investigating Barclays and its chief executive, James E. Staley, after he admitted to trying to learn the identity of a whistleblower last year.

Barclays’ chief executive Jes Staley is a supportive colleague and friend. Since starting work in December 2015, he has brought in at least four senio(...)

Traders on the floor of the New York Stock Exchange: US financial stocks were the biggest drag on the major indices as geopolitical concerns grew. Photograph: Michael Nagle/Bloomberg

European shares edged marginally higher, reversing early falls, while uncertainty over the forthcoming French presidential elections also simmered. (...)

Paul Coulson: he floated his Ardagh glass and metal containers group in New York last month, raising $319 million. Photograph: Alan Betson

Irish companies have proved to be source of rich pickings for investment bankers and corporate lawyers so far this year. With Tullow Oil – which we (...)

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