Goldman Sachs has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.» Read More
Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.
Raj Mahal left Wall Street for stand-up comedy. He doesn't miss being on BlackBerry 24/7 but here are 7 things he really misses about Wall Street.
Fed Chair Janet Yellen managed to appease doves but gave slight encouragement to hawks in her much anticipated Jackson Hole speech.
The Fed should wait several more months to make sure the economy is on track, said Atlanta Federal Reserve Bank President Dennis Lockhart.
Yellen's speech is being closely watched amid the intensifying debate over how soon the Fed should raise interest rates.
Bullard also tells CNBC he's sticking with his prediction that the Fed should start hiking interest rates late in the first quarter of 2015.
Britain's Co-Operative Bank said it expected to make further job cuts having already reduced its staff numbers by 21 percent.
Citigroup says it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the SEC, according to the WSJ.
Charles Plosser reiterated his dissent to the Federal Reserve's "risky" current policy.
Investors may be warming up to the stock market, but they're taking the safe way in.
Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.
San Francisco Fed President Williams said hiking the benchmark interest rate in 2015 is a "reasonable guess" based on the current economic progress.
The largest public pension in the country has quietly reduced its investment in one of the largest technology investment firms.
Bank of America agreed to pay $16.65 billion to end investigations into mortgage securities that it sold in the run-up to the financial crisis.
Fed interest rate hikes may not be as far off as investors believe, Kansas City Fed President Esther George told CNBC.
"It's definitely politics. It has nothing to do with justice or restitution to the innocent victims," former Wells Fargo chief Dick Kovacevich says.
Leaders are expected to agree that top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis.
How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
Bank of America is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold.
US prepares a lawsuit against Angelo Mozilo in a final effort to target the figure most associated with the subprime mortgage boom which preceded the financial crisis.
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