Congress will hold Wells Fargo's John Stumpf accountable if laws were violated, House Financial Services Chairman Jeb Hensarling tells CNBC.
John Stumpf will give up of about $41 million in unvested equity, sources told CNBC's Andrew Ross Sorkin, and internal acrimony had a lot to do with it.
Embattled German lender Deutsche Bank saw some respite from recent selling on Wednesday after a slew of news helped the stock to push off record lows.
Banks are struggling in an environment of weak global growth and low interest rates that keep returns muted, says Ted Moynihan from Oliver Wyman.
German lender Deutsche Bank sought to reassure investors on Monday, telling CNBC that it's CEO hadn't asked for government assistance.
Deutsche Bank shares saw renewed selling in stock markets on Monday after a report seemed to rule out any state-aid for the embattled German lender.
In emerging markets, there's life after BRICS, and analysts say it's in private banking as the middle class thrives.
The lawsuit focuses on those who followed the rules and were penalized for not meeting sales quotas.
JPMorgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues.
Eight US senators asked the Labor Department on Thursday to launch a probe into whether Wells Fargo may have violated wage and hour laws.
Warren Buffett doesn't plan to discuss Wells Fargo before November even though Berkshire Hathaway owns about 10 percent of the bank.
The head of a top Russian bank downplayed reports suggesting Putin has vast secret wealth, stressing the leader was “very much dedicated to his job.”
The apology from Wells Fargo CEO John Stumpf doesn't answer questions about the bank's fake accounts scandal, analyst Michael Mayo says.
The chief of the embattled bank told CNBC's Jim Cramer last week that "when we don't meet our goals with 100% right, I'm accountable."
The action taken against Wells Fargo for opening unauthorized accounts is a "political gift" to regulators, analyst Edward Mills said Friday.
Several years after the financial crisis, banks have not completely cleaned up their act, CFPB Director Richard Cordray said.
The chief executive remains upbeat on the state of consumers, he told CNBC on Thursday.
Bank of America chief Brian Moynihan also tells CNBC no one sees a rapid rise in rates by the Federal Reserve or in the bond market.
The ECB should buy up toxic assets seen in peripheral nations like Italy, according to Philippe Bodereau at Pimco.
Europe needs to see more banking mergers for the sector to be in position to become more profitable, Deutsche Bank Chief Executive John Cryan said.