Banks

At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said.

Google will offer checking accounts next year, according to a source familiar with the company’s plans, representing Big Tech’s boldest move yet into the consumer banking business.

The growing wealth gap separating the rich from the rest of the U.S. is an issue that needs to be resolved, J.P. Morgan Chase CEO Jamie Dimon said in a “60 Minutes” interview that aired Sunday night on CBS.

Jamie Dimon says that he has learned lessons from his bank’s advisory work for WeWork this year, and that he believes the co-working company has a shot to avoid bankruptcy.

Citigroup named Jane Fraser president Thursday, filling a role that has been open since earlier this year and positioning her as a possible successor to CEO Michael Corbat.

Goldman Sachs has joined the flight of institutional investors from Fisher Investments.

The giant investment bank is pulling $234 million from Camas, Washington-based Fisher, according to a source close to the matter.

The Federal Reserve likely will cut interest rates next week, but in doing so will make a pair of adjustments aimed at signaling that the current easing cycle could be over, according to a Goldman Sachs forecast.

Consumers are paying more attention to their carbon footprint and it could cost airlines billions of dollars, Citi said in a note to clients.

Sen. Elizabeth Warren said she is worried that banks may try to use the recent tumult in short-term lending markets as an excuse to get regulations eased on the industry.

Joining us on the show is Bill Stone, CIO at Avalon Investment & Advisory, who gives us more analysis on the latest bank earnings.

Goldman Sachs shares fell Tuesday after the firm reported third-quarter profit below Wall Street expectations.

J.P. Morgan Chase on Tuesday posted profit and record revenue that exceeded expectations on the strength of consumer banking operations that helped the bank mitigate the impact of lower interest rates.

Goldman Sachs CEO David Solomon called his bank’s rollout of the Apple Card “the most successful credit-card launch ever.”

The Federal Reserve is expected to resume its balance sheet expansion in response to demand for bank reserves.

Prime Minister Narendra Modi will meet with dozens of top U.S. executives in New York on Wednesday, according to a memo obtained by CNBC.