Net income rose 4.9 percent to $171 billion in 2016, an all-time high, according to Federal Deposit Insurance Corp figures, which are not inflation-adjusted. Net income at U.S. banks increased by $3.1 billion, or 7.7 percent, in the fourth quarter of 2016 compared with a year ago, while the number of struggling lenders fell, the FDIC said in its quarterly report.
According to Reuters, the FBI is probing a FDIC hack that began in 2010; breach is believed to have been sponsored by China's military. CNBC's Eamon Javers reports.
Wells Fargo has not done enough to address the problems brought to light in its $190 million settlement over secret accounts, Sheila Bair tells CNBC.
Sheila Bair, Washington College president and former FDIC Chair, joins Rick Santelli to discuss America's student loan crisis and the potential solutions.
The largest banks are reportedly increasing the amount of overdraft fees they collect from their customers.
In an exclusive interview for CNBC Pro subscribers, former FDIC Chair Sheila Bair dishes on the election, big banks and Bernie Sanders.
Bank holding companies with consolidated assets of $50 billion or more are required to submit living wills to regulators.
CNBC's Rick Santelli discusses deficiencies in banks' living wills and corporate tax inversions with Sheila Bair, Former chair of the FDIC and Washington College President.
Stephen Sheinbaum, BizFi founder, discusses alternative lending for small business loans.
A review by key banking regulators raises red flags about risks in the nation's lending system, noting that credit risk in the U.S. remains high.
As the system keeps getting bigger, so does the amount for which taxpayers, in an extreme case, would be exposed should things go haywire again.
More than seven years after the global financial collapse, banks have paid more than $150 billion in fines and other penalties.
How do you improve the culture of Wall Street? Personally punish the industry's bad apples, according to two longtime observers.
CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.
Despite downgrades and fiscal woes, now could be the time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.
A provision prohibiting banks from keeping investments in CDOs backed by hybrid securities called trust preferreds ignited a controversy.
CNBC's Eamon Javers breaks down the 5 key exemptions of the Volcker Rule, including underwriting and risk mitigated hedging.
Discussing the Volcker Rule and the improvements made to make the legislation stronger, with CNBC's Rick Santelli and Sheila Bair, former chair of the FDIC.
CNBC's Eamon Javers details the five key exemptions under the Volcker Rule. Regulators from the FDIC and Federal Reserve are expected to vote to approve the legislation which would ban banks from proprietary trading.
The President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.