RBC decides not to spin off prop trading

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Royal Bank of Canada decided against spinning off its U.S. proprietary trading business into a hedge fund, leaving the lender to weigh alternatives to comply with looming banking regulations.


Citi Building Sign

Goldman ban prompts Citigroup review

Citigroup will review its conflict-of-interest policy for investment bankers after Goldman Sachs Group Inc. barred some employees from owning individual securities, said a person with direct knowledge of the matter.

Jamie Dimon

JPMorgan facing $10bn class action lawsuit

A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10bn of mortgage-backed securities it sold before the financial crisis.