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The state has paid hedge fund managers $1 billion in fees over the past eight years with little to show for it, officials charge.
Wall Street is about the crudest locker room you're going to find—and yet a lot of finance professionals just can't "stomach" Trump.
"I think we're headed to a fiscal stimulus regime, regardless of who wins," Gundlach also tells CNBC about the election.
Fed Vice Chair Stanley Fischer says lower rates can threaten financial stability.
The founder of Appaloosa Management tells CNBC the current environment is "difficult" but hedge funds can still make "OK" returns.
Hillary Clinton told Deutsche Bank executives they needed to address the public's perception that financiers had "rigged" the economy.
The bank posted earnings of 41 cents a share on revenue of $21.64 billion.
ZTO Express has set terms for what could be the largest U.S. IPO this year and also the biggest by a Chinese company after Alibaba in 2014.
Greece and its creditors start a fresh round of talks on reforming its labor market, a tricky task for a government sliding in opinion polls.
Wells Fargo's board of directors will publicize the results of an internal investigation over unauthorized accounts.
New York Fed President William Dudley said Friday that a rate rise is getting closer and could come as soon as this year, according to Dow Jones.
The U.S. central bank seems it will stay accommodative for longer, said Jeffrey Gundlach, chief executive of DoubleLine Capital.
Consumers "should be mad" but Wells Fargo is "committed to fixing" the problems of its consumer sales scandal, CFO John Shrewsberry said.
Ohio on Friday joined the growing list of municipalities to suspend business relationships with Wells Fargo over a scandal.
Banks have kicked off earnings season with a bang, but why did the initial pop lose steam?
Northern Trust Wealth Management's Katie Nixon sees tailwinds for bank stocks, for now, but will be looking to trim depending on Fed policy.
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