Finance
U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA
WASHINGTON The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. | Video
Goldman, World Bank fund for women entrepreneurs hits $1 billion in investments
WASHINGTON A Goldman Sachs-World Bank Group partnership to provide capital to women entrepreneurs in emerging markets has reached $1 billion in investments, the institutions said on Friday, far surpassing their original goal of $600 million.
Australia's Westpac hires complaints head amid damaging inquiry
SYDNEY No. 2 Australian lender Westpac Banking Corp said on Friday it had been "too slow" to resolve customer complaints and had created an executive role to handle them, as the country's financial sector responds to revelations of serious misconduct.
Exclusive: Barclays activist urges trading shutdown at investment bank: sources
LONDON Activist investor Edward Bramson is calling on Barclays to end the bulk of trading activities at its investment bank, in a radical plan to cut costs and boost returns at the British lender, three sources familiar with the matter told Reuters.
Wells Fargo employees altered business customers' information: WSJ
Some employees in a Wells Fargo & Co unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter.
Ex-Barclays trader tells court being a bank VP is like working at McDonald's
LONDON A former Barclays trader on trial in London on charges he conspired to rig Euribor interest rates said on Thursday he was no more senior at the bank than people who served burgers at fast-food chain McDonald's.
Egypt's Banque Misr hires Citi for $500 million loan: sources
DUBAI Banque Misr, Egypt’s second largest bank, has mandated Citigroup to arrange a $500 million syndicated loan, banking sources said, the latest sign of a pick-up in interest among international banks in lending to Egyptian borrowers.
Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed
LONDON Lawyers for Royal Bank of Scotland asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former staffer's lawyer said put him at risk of legal action by the U.S. government.
Goldman aims to preserve pre-IPO culture, even as partnership dwindles
WASHINGTON Goldman Sachs Group Inc has launched a global training initiative to safeguard the tight-knit culture it developed as a private partnership, even as the bank marks its 19th year as a publicly traded company.
Circle raises $110 million, plans to create dollar-pegged cryptocurrency
NEW YORK Goldman Sachs-backed cryptocurrency startup Circle has raised $110 million in an investment round led by Chinese virtual coin mining giant Bitmain Technologies, Circle said on Tuesday.