Trump's promise of light regulation could solve one of Citi's biggest problems.

Under Trump, bank deal approvals are likely to “speed up markedly and the process will be more clearly delineated,” one ...

Major American banks shuttered 35 branches nationwide in a single week this October. US Bank led the closures, shutting down ...

Wells Fargo and Bank of America each closed six branches ... The latest data, registered with the Office of the Comptroller of the Currency (OCC), suggests that banks are on course to close ...

Wells Fargo said at that time it is the sixth consent ... there are at least eight more consent orders remaining. The bank and the OCC recently announced they had entered an agreement addressing ...

US bank stocks rallied following a decisive win by President-elect Donald Trump, in a sign that big Wall Street financial ...

Wells Fargo analyst Mike Mayo — who first asked ... Mayo that the bank was reevaluating its approach as required by the OCC. In July, the agency ordered Citi to provide a resource-review plan ...

The analysis acknowledges that Wells Fargo's regulatory outlook is expected ... formal agreement with the Office of the Comptroller of the Currency (OCC) is seen as a setback, it is assessed ...

The megabank disclosed that regulators are looking at its anti-money laundering and sanctions compliance. Wells Fargo was recently hit with an enforcement action over similar matters.

Inside the biggest US banks, the mood ranged from cautious optimism to jubilant this week as they eyed the prospect of relief ...