Citigroup Sued Over Handling of Online Scams

New York Attorney General Letitia James wants the bank to pay back defrauded customers. 


 
PayPal to Cut Global Workforce by 9% Amid Turnaround Plan

The digital payments company's headcount reduction comes on top of a prior round of layoffs of 7% last year, and will be made through direct cuts and the elimination of open roles. 


 
Banking Industry May Need to Spend Millions to Gain Access to Company Ownership Database

The Treasury Department's anti-money-laundering unit details the procedures for banks and local agencies to access the new corporate-ownership information database. 


 
What Investors Need to Know About the U.S. Government's Borrowing Plans

The Treasury Department will reveal its debt issuance strategy for the next three months on Wednesday. 


 
Key China Bond Yield Hits Lowest in Over Two Decades as Easing Hopes Rise

The yield on China's benchmark government bond dropped to its lowest level in over two decades on growing expectations that Beijing will deliver more monetary policy easing to help bolster its economy. 


 
BBVA Plans Buyback as Profit Tops Forecasts

Spain's BBVA said it would buy back EUR781 million of shares after its fourth-quarter net profit climbed, taking its full-year result to a new record and despite a drop in net interest income. 


 
Financial Services Roundup: Market Talk

Gain insight on Saga, Netwealth, GB Group and more in the latest Market Talks covering Financial Services. 


 
Bank Mergers Get More Scrutiny as Deals Are Poised to Increase

A top federal banking regulator said his agency planned to close a backdoor through which some deals get approved. 


 
Top Goldman Sachs Executive to Depart

Jim Esposito's exit removes a potential contender for president or CEO. 


 
Thomas Nides to Join Blackstone as Vice Chairman

The former Morgan Stanley executive and ambassador to Israel will focus on strategic initiatives and client relationships.


(END) Dow Jones Newswires

01-30-24 1615ET