Citigroup’s earnings hit by higher cost of credit
The bank saw larger net credit losses in cards and increased its reserve by $315 million, while net income fell 9% in the third quarter.
TD money-laundering scandal puts supervision back under the microscope
For more than a decade, the bank allowed billions of dollars from illicit activities to flow through the U.S. financial system unchecked. Some are wondering why examiners didn't put a stop to it sooner.
20 largest banks and thrifts by assets
The top five banks and thrifts had combined assets of more than $13 trillion as of June 30, 2024.
As Goldman Sachs exits GM deal, Barclays hopes to benefit
The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.