Subprime mortgage crisis
2007 mortgage crisis in the United States
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| May 2025 | UBS agreed to pay $511 million to settle a US Department of Justice investigation into Credit Suisse's assistance to wealthy Americans in hiding over $4 billion in offshore accounts, including a guilty plea from Credit Suisse Services AG for aiding in the preparation of false tax returns. |
| April 2025 | Goldman Sachs finalizes the sale of its Russian business to Armenian firm Balchug Capital, following a decree by President Vladimir Putin. |
| April 2025 | Goldman Sachs lowered its 12-month forecast for Europe's STOXX 600 index from 580 to 570 points, citing concerns over potential global tariffs, and revised down European earnings per share estimates. |
| April 2025 | UBS Asset Management removed restrictions on sustainability funds investing in manufacturers of conventional weapons, marking a significant shift in European asset management approach to defense investments. |
| April 2025 | Gunjan Kedia is set to become CEO of U.S. Bancorp in mid-April. |
| March 2025 | Citigroup seeks to reduce reliance on external IT contractors by 20% to 50%, planning to hire full-time employees and increase technology workforce to 50,000. The bank intends to reduce external suppliers from 144 to 50 and shift IT operations from Rutherford, NJ, to Jersey City. |
| March 2025 | Sergio Ermotti receives SFr14.9 million ($16.8 million) in compensation, becoming Europe's highest-paid bank executive. |
| February 2025 | Kirill Dmitriev is appointed Special Representative of the Russian President for Investment and Economic Cooperation. |
| February 2025 | Goldman Sachs resumes offering clients non-deliverable forwards (NDFs) linked to the Russian ruble. |
| February 2025 | A group of 17 U.S. state attorneys general criticized Morgan Stanley for making improper or inadequate disclosures about investments in China. |
| February 11 2025 | Goldman Sachs terminated its commitment to diversity requirements for board composition in companies going public, rolling back previous diversity, equity, and inclusion (DEI) initiatives. |
| January 2025 | Goldman Sachs CEO David Solomon suggested the credit-card partnership with Apple may end before its 2030 contract expiration. |
| January 2025 | Announced departure from the Net-Zero Banking Alliance while maintaining commitment to net-zero carbon emissions transition |
| December 2024 | Citigroup, along with Bank of America, announces exit from the Net-Zero Banking Alliance (NZBA). |
| October 2024 | Entered a 40,000-tonne carbon dioxide removal purchase agreement with Climeworks |
| October 2024 | Reported that the company will move significant portions of its financial infrastructure to Google Cloud. |
| June 2024 | At its biennial Investor Day, Jane Fraser focuses the conversation on Citi's Securities Services business, the most profitable of its five business units. |
| June 2024 | United States Drug Enforcement Administration agents reported that money launderers continued to exploit Citibank's weak controls and oversight policies, particularly in relation to investigations into the Sinaloa Cartel. |
| March 2024 | British regulators approved the sale of AIG Life Ltd's UK arm to Aviva for £460 million, marking a significant divestment for the company. |
| March 8 2024 | Minnesota Attorney General filed a lawsuit against Fifth Third subsidiary Dividend Finance and three other lending companies for allegedly charging $35 million in hidden fees on solar panel financing loans. |
| February 2024 | Goldman Sachs expanded its economic reach through Rhythm Energy, a Texas-based independent energy provider linked to electricity networks serving 190 million Americans. |
| January 2024 | Goldman Sachs invested ₹72 crore (₹720,000,000) for 15 lakh (1,500,000) shares in Medi Assist Healthcare. |
| January 2024 | Morgan Stanley agreed to pay $249 million to settle a criminal investigation and SEC probe related to unauthorized disclosure of block trades by a bank supervisor and another employee. |
| January 2024 | Citi announces plans to cut 20,000 jobs from the company. |
| 2023 | Morgan Stanley ranked No. 61 in the Fortune 500 list of largest United States corporations by total revenue and #30 in Forbes Global 2000. |
| 2023 | Morgan Stanley reported its revenue breakdown, with Wealth Management contributing 48.5%, Institutional Securities 42.6%, Investment Management 9.9%, and Intersegment Eliminations at -1.0%. |
| 2023 | The Consumer Financial Protection Bureau (CFPB) ordered Citigroup to pay $24.5 million in fines and $1.4 million in restitution to Armenian Americans for illegal discrimination in credit card applications between 2015 and 2021, based on applicants' surnames. |
| 2023 | Ralph Hamers' leadership of UBS concludes |
| 2023 | For the sixth consecutive year, AIG was named among the Top 50 Companies for Diversity by DiversityInc. |
| 2023 | AIG announced its continued title sponsorship of the Women's Open through 2030, with a further increase in the total purse to $9 million. |
| December 2023 | As of December 2023, institutional investors own around 30% of Citigroup's shares, with The Vanguard Group and BlackRock being the largest shareholders at 8.71% and 8.68% respectively. |
| November 2023 | Connecticut Attorney General William Tong announced a $6.5 million settlement with Morgan Stanley for compromising customer personal information due to negligent security practices. |
| November 2023 | Citigroup began layoffs as part of a corporate overhaul, with plans to reduce workforce by at least 10% (20,000 employees) under 'Project Bora Bora', initiated by CEO Jane Fraser. |
| September 2023 | The US Department of Justice began investigating UBS for alleged compliance failures by Credit Suisse that may have enabled Russian clients to dodge sanctions, though UBS later stated they were unaware of such a probe. |
| September 14 2023 | A class action suit by former MB Financial shareholders was settled, with Fifth Third paying $5.5 million over allegations of artificially inflating stock prices through cross-selling strategies. |
| August 2023 | DBS Bank acquires Citi's consumer banking business in Taiwan for $706 million. |
| August 2023 | UBS settled with the US Justice Department, agreeing to pay $1.43 billion in civil penalties for allegations of fraud and misconduct in residential mortgage-backed securities offerings from 2006 and 2007. |
| July 2023 | UBS was fined $269 million by the Federal Reserve and $119 million by the Bank of England for Credit Suisse's failure in risk management related to Archegos's collapse. |
| July 2023 | AIG board of directors reconstituted, including notable members such as Paola Bergamaschi, James Cole Jr., John Rice, and Peter Zaffino as chairman and CEO. |
| June 28 2023 | UBS revealed plans to lay off more than half of Credit Suisse's employees, focusing on traders and support staff in London, New York, and some Asian divisions. |
| May 2023 | AIG agreed to sell Crop Risk Services to American Financial Group for $240 million and Validus Re to RenaissanceRe for $2.985 billion. |
| May 2023 | The bank acquired two companies: Rize Money and Big Data Healthcare, further expanding its business portfolio. |
| May 2 2023 | Announced plans to reduce approximately 3,000 positions (5% of workforce) by the end of June |
| April 27 2023 | A jury sided with Fifth Third in a lawsuit regarding its Early Access loan program, finding that customers were aware of the fee structure despite high APR estimates. |
| March 2 2023 | Donald Trump Jr. tweets that PNC abruptly cancelled financial services for MxM News without explanation, alleging political discrimination. PNC later claims it was a 'good faith error' and reopens the account. |
| February 2023 | AIG and Stone Point Capital entered an agreement to establish an independent managing general agency, Private Client Select Insurance Services (PCS). |
| 2022 | Reported a net income of $14.845 billion, showing resilience in the financial markets despite ongoing economic uncertainties. |
| 2022 | Axel Weber's chairmanship of UBS concludes after a decade of leadership. |
| 2022 | Corebridge Financial (formerly AIG's life and retirement business) became an independent entity, raising $1.68 billion in the largest U.S. IPO of the year. |
| 2022 | AIG set a new benchmark for women's major championship golf prize payouts, increasing the AIG Women's Open tournament purse to $7.3 million, a 125% increase since 2018. |
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