Financials

Italian lender UniCredit SpA (UCG, UNCFF.PK) announced that the company and its subsidiaries, UniCredit Bank AG or UCB and UniCredit Bank Austria AG or UCBA have agreed to pay penalties totaling approximately $1.

U.S. mortgage rates jumped this week to the highest level in almost eight years, a trend that is pulling down home sales and slowing home price growth. Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year, fixed rate mortgage rose to 4.94 percent, from 4.8

Cryptocurrency startup Circle Internet Financial Ltd, which is backed by Goldman Sachs, is seeking to raise about $250 million in equity and debt, according to a report by technology news website The Information.

People's United Financial Inc. (PBCT), the holding company for People's United Bank, N.A., said it agreed to acquire BSB Bancorp Inc. (BLMT), the holding company for Belmont Savings Bank, in a 100% stock transaction valued at abut $327 million.

The Bank of America has filed a patent application with the U.S. Patent and Trademarks Office (USPTO) for a secure cryptocurrency custody. According to the patent document published last week by the USPTO Bank of America (BoA) proposes to a system that will allow enterprises safely store large amounts of cryptocurrency. Description of BoA’s Crypto Custody...

Banking giant Wells Fargo agreed to pay $575 million to settle state-level claims for deceiving consumers. The third largest bank admitted that it systematically scammed its customers for 15 years, from 2002 to 2017.

Together, Brookfield and Oaktree will provide global investors with one of the most comprehensive offerings of alternative investment products available in the marketplace todayHoward Marks, Bruce Karsh, and other members of Oaktree Capital Group Holdings, L.P. will own 38% and retain operating control of Oaktree

Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced financial results for its third fiscal quarter ended September 3

Source: globenewswire.com Sterling Bancorp signed a definitive agreement to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank in an all-cash transaction....

At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors. On Wall Street, though, hopes are fairly high that it's a manageable problem, at least for the next year or two.