The investors said Citigroup looked askance at the loans' "abysmal performance."» Read More
There's more than national pride and global supremacy that comes with the winning of the World Cup: There's also a nice boost to the stock market.
Blackrock CEO Larry Fink said he has fielded angry phone calls over a letter he sent to S&P 500 executives warning them about short-term thinking.
Earlier, the zero liability protection did not apply if an account holder's PIN was used for unauthorized transactions.
Philippe Laffont's Coatue Management hedge fund may not be giving back $2 billion after all.
Apple products have disrupted the phone, computer and music markets, but support for the tech giant to move into financial services is flagging.
The 10-year Treasury yield fell to a new 2014 low and the lowest level in 10 months, in step with a downshift in global interest rates.
The Federal Reserve is on track to raise rates later next year, Atlanta Federal Reserve Bank President Dennis Lockhart said.
The ECB has published further data that shows a reluctance by banks to lend to businesses, which could prompt its governing council to act.
Bond yields have stymied expectations they would rise and analysts seeking a reason may not need to dig deeper than simple supply and demand.
Royal Bank of Scotland will scale back business and cut hundreds of jobs in response to Federal Reserve regulations. The FT reports.
The Obama administration is siding with big banks in a dispute over their alleged role in the Bernard Madoff Ponzi scheme.
Bond manager Pimco lost one familiar face this year but is seeing another return.
So far, Citigroup's second-quarter trading revenue has dropped 20 percent to 25 percent, said John Gerspach, the bank's chief financial officer
Bank of America is resubmitting its capital plan to the Federal Reserve, a month after it discovered errors in its initial report and was forced to suspend a bigger dividend payout and a stock buyback.
Hedge funds have done an about-face on a group of crowded stock bets.
Could things have turned out differently? Yes, according to one source in the AstraZeneca camp who pointed to a flaw in Pfizer's strategy.
Hedge funds are making some strategies available to Main Street investors, who fear bets on stocks and bonds may not see them through retirement.
Technology will have a major impact on advisor firms as they look to leverage solutions to provide better experiences for clients.
Amid a flurry of IPOs on global stock markets, investors may be struggling to catch their breath as "deal fatigue" sets in, analysts said.
As the Federal Reserve debates the timing of its first rate hike, IMF's Christine Lagarde is urging central banks to cooperate on policy moves.