The workforce reduction will be across all regions and is set to take place in the next two weeks, a source told Reuters.» Read More
The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday.
Ten leading money men and women have agreed to give investors access to their three best ideas this week. Here are the participants so far and their picks.
BlackRock's bond guru expects positive economic data to lift yields much higher.
Goldman Sachs Group Inc. is mulling the idea of shutting down its private stock-trading venue, Sigma X, according to the Wall Street Journal.
Risk parity funds are up this year after losing money in 2013, but investors are getting out of the strategy.
Hedge fund Coatue will return $2 billion to investors after volatility caused losses.
Citigroup is warning its investors it could miss its profitability target, a figure measured by the ratio of profit to shareholders' equity.
It's not every day that you find a fan club for new taxes, especially among economists and legal experts. The New York Times reports.
The talk about rotation out of biotech and big momentum Internet stocks involves very few companies.
Over the years, Warren Buffett has been blessed with a series of successful investments. But in the last five years, Buffett has not been doing well.
The SEC has put together a group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated.
In the twelve months to January, the lending of U.S. banks to households increased about 3 percent while, over that period, their loanable funds (excess reserves) soared by an incredible 59.4 percent.
Technology stocks led a global downturn on Monday, after a selloff in U.S. stocks on Friday hit market confidence.
The trading venue featured in "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned.
After a string of regulatory mishaps including loose oversight of money-laundering controls, JPM is taking no chances.
Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.
Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco.
Bank of America is close to settling with a U.S. regulator over the sale of services sold as add-ons to credit cards.
Large private equity firm Hellman & Friedman hopes to raise around $8.9 billion for a new investment fund starting in May, according to Bloomberg.
The stock market is not rigged, but investors are being ripped off by high-frequency trading, Craig Hodges, co-portfolio manager of the Hodges Funds, tells CNBC.