US orders JPMorgan Chase to pay $4.6 million over checking account reports

The U.S. Consumer Financial Protection Bureau said on Wednesday it had ordered JPMorgan Chase & Co to pay $4.6 million for allegedly failing to make sure it reported accurate information for checking account screening reports. The reports are used to determine who...

How concerned asset managers are recommending cash amid lofty stock valuations

Is cash really king? With equity markets and valuations near long-time highs, investors may need to consider whether to stick with the asset class or instead hold more cash to capitalize on any future corrections, experts tell CNBC. One expert advocating for cash is...

French bank Credit Agricole gets capital boost as profit climbs

Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position. An improving economic activity in its core European...

German industrial group Siemens plans an IPO of its health-care unit in first half of 2018

German industrial group Siemens plans an initial public offering of its healthcare unit, expected to value the business at up to 40 billion euros ($47 billion), in the first half of 2018, it said in a statement on Thursday.The trains-to-turbines group wants...