Justin Baer

Bank of America's shares jumped Tuesday after the lender reported quarterly results that beat Wall Street estimates and said its income on lending would improve during the second half of the year. The stock rose more than 4% in late morning trading, and was on pace for its biggest one-day gain since December.

Prosecutors accuse Citron founder of manipulating stocks by issuing misleading research reports that led to quick trading profits.

Shares of Citigroup, JPMorgan Chase and other banks tumbled Friday as investors came to terms with a disappointing jobs report and what it means for the nation’s economy. Citigroup fell 6.8% in late morning trading. JPMorgan and Bank of America, the two biggest U.S. lenders, were off by more than 4%.

Top bankers weigh in frequently on issues from immigration to tariffs, but they almost never contribute directly to presidential campaigns.

COMMENTARY: The tax agency should borrow from the Social Security Administration's SecurityStat effort to measure performance and promote internal transparency.

Citigroup's profit fell 9% last quarter, weighed down by credit costs. The higher credit losses offset revenue gains in all five of Citi’s major businesses. Some key numbers: Net income fell to $3.

Vis Raghavan, Citi's new banking head, is setting his sights on the buyout kings. The man charged with reviving Citigroup's reputation as an investment bank is setting his sights on the buyout kings.

Pay for bankers and traders had been weighed down by higher interest rates and economic uncertainty.

CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.

Chasing higher margins, and rivals, the bank’s U.S. boss is making a move for more clients and banking services.