Sears, which has been shuttering stores to boost its bottom line, announced more steps to get its house in order, USA Today reports. » Read More
Klaus Kleinfeld has resigned from Morgan Stanley's board, effective immediately, and will not stand for election at its annual meeting. » Read More
By: Evelyn Cheng
A Blackstone executive criticized a Citigroup analyst during the asset manager's first quarter earnings call Thursday. » Read More
By: Tae Kim
Fed's Stanley Fischer discusses his views on the market and deregulation in an exclusive wide-ranging interview Friday on CNBC's "Squawk on the Street." » Read More
The state has paid hedge fund managers $1 billion in fees over the past eight years with little to show for it, officials charge.
"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.
Consumers "should be mad" but Wells Fargo is "committed to fixing" the problems of its consumer sales scandal, CFO John Shrewsberry said.
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.
The post-financial crisis period has pushed policymakers into reconsidering the dynamics of inflation, she said in a speech.
The German government has ruled out support for Deutsche Bank if it were to issue new stock, Dow Jones reported, citing a source.
"I don't think an insider is the right guy to do it," analyst Dick Bove says. "The culture needs to be adjusted."
A UK court has ruled in favour of Goldman Sachs in a $1.2 billion dispute with Libya's $67 billion sovereign wealth fund over nine disputed trades.
JPMorgan CFO Marianne Lake said Friday that her bank is conducting a "deep dive" into potential cross-selling issues.
Citigroup announced third-quarter earnings and revenue Friday morning that topped Wall Street expectations.
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