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U.S. Bank is refunding about $48 million in the latest federal settlement over improper billing for products that customers didn't receive.
Bank of America Corp. fell$. 33 or 1.9 percent, to $16.85. Citigroup Inc. fell $1.30 or 2.4 percent, to $51.96. Goldman Sachs fell $3.72 or 2.0 percent, to $184.09.
Stocks were mildly lower on Thursday, a day after the S&P 500 jumped the most in more than a month.
Bank of America Corp. fell$. 24 or 1.4 percent, to $16.95. Citigroup Inc. fell$. 96 or 1.8 percent, to $52.31. Goldman Sachs fell $3.73 or 2.0 percent, to $184.08.
WASHINGTON— U.S. Bank is refunding about $48 million in the latest federal settlement by a major bank over improper billing for extra credit card products that customers didn't receive. The Consumer Financial Protection Bureau announced the agreement Thursday with U.S. Bank, the sixth-largest bank by assets.
Some market pros say regional banks like SunTrust can offer hefty returns as a pure play on rising interest rates.
Bank of America Corp. fell$. 14 or. 8 percent, to $17.05. Citigroup Inc. fell$. 30 or. 6 percent, to $52.96. Goldman Sachs fell $1.68 or. 9 percent, to $186.13.
WASHINGTON, Sept 25- U.S. financial regulators said on Thursday that US Bank will pay about $57 million to resolve allegations it charged consumers for services they did not actually receive.
Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
LONDON, Sept 25- JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday.
Bank of America Corp. rose$. 13 or. 8 percent, to $17.18. Citigroup Inc. rose$. 42 or. 8 percent, to $53.26. Goldman Sachs rose $2.72 or 1.5 percent, to $187.81.
Some lenders are preparing to reissue credit or debit cards to customers to head off possible losses following the breach of customer data at Home Depot. Capital One Financial and JPMorgan Chase& Co. said Wednesday they are preparing to assign new cards to accountholders due to the data theft at the home-improvement retailer.
Bank of America Corp. fell$. 04 or. 2 percent, to $17.01. Citigroup Inc. fell$. 18 or. 3 percent, to $52.67. Goldman Sachs rose$. 75 or. 4 percent, to $185.84.
Sept 24- Shares of Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland Group Plc, rose as much as 3.5 percent in their market debut, valuing the lender at about $12.5 billion in the biggest U.S. bank IPO since the financial crisis.
Bank of America Corp. fell$. 04 or. 2 percent, to $17.02. Citigroup Inc. fell$. 17 or. 3 percent, to $52.67. Goldman Sachs fell$. 11 or. 1 percent, to $184.99.
Most bank stocks have risen from their recession lows, but still have a lot of room to grow. Rising rates promise to lift the sector.
NEW YORK/ SYDNEY, Sept 23- Swiss commodity trader Mercuria, known best for its energy prowess, is now mounting an audacious challenge to metal titans like Glencore Plc and Trafigura AG, but not in the way that industry sources had expected.
*Citizens shares priced at $21.50, below $23- 25 predicted range. LONDON, Sept 24- The biggest U.S. bank listing since the financial crisis got a lukewarm reception from investors, forcing Royal Bank of Scotland to cut the price of shares sold in Citizens Financial Group.
Shares of Citizens Financial Group, the U.S. unit of Royal Bank of Scotland, rose less than 1 percent in their debut.