UBS sued Bank of America for $200 million, saying the second-largest U.S. bank refused to cover legal costs for risky mortgages issued before 2008.
Vanguard has alerted investors that U.S. regulators may impose restrictions on the size of stakes the company can hold in firms.
Citi shed its ‘laughingstock’ label—and is now outperforming every other big bank.
Two clients of Ameriprise Financial are suing the company over its cash sweep accounts, alleging a breach of fiduciary duty due to low interest rates.