Deutsche Bank will "substantially limit" bonuses for senior employees in its 2016 payment structure after it finalised its $7.2 billion legal settlement with the U.S. Department of Justice.
Citigroup, like its Wall Street rivals, profited from a frenzy of trading following Donald Trump's surprise victory as U.S. president.
U.S. stocks were mixed Wednesday even amid better-than-expected earnings from the banking sector.
Citigroup reported fourth-quarter earnings that topped estimates. The company returned $4.7 billion of capital to shareholders during the quarter.
Goldman Sachs reported fourth-quarter earnings that topped Wall Street's estimates, thanks in part to a 25% increase in trading revenue.
Italy must lop 0.2% off governmebt spending or face disciplinary procedures, the European Commission warned in a letter.
Deutsche Bank shares fell Wednesday after the bank finalized its $7.2 billion legal settlement with the U.S. Department of Justice.
Here's what he will be up to.