Evercore's Glenn Schorr upgraded Morgan Stanley and Goldman Sachs to "buy," and CLSA's Mike Mayo is warning Bank of America shareholders. CNBC's Kayla Tausche has the details.» Read More
CNBC's Kayla Tausche reports Citi will cut the prior quarter's earnings by $0.20 per share to $2.8 billion due to "rapidly evolving regulatory inquiries."
Despite last-minute pressure from religious authorities, Saudi Arabia's first non-Sharia bank to go public will be oversubscribed
The company revised downward its third-quarter net income to $2.8 billion from $3.4 billion.
CNBC's Sara Eisen and Fifth Third Bancorp CEO Kevin Kabat, discuss the impact the end of QE will have on housing and the mortgage business.
Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.
Italy's Treasury has not ruled out extending repayment deadlines on hundreds of millions of euros in state aid to help troubled lender Banca Monte dei Paschi di Siena, a person close to the matter said.
UBS posted forecast-beating net profits of $802 million but warned on litigation charges of $1.9 billion.
Boosting the housing market could fuel the next credit bubble, warned Alan Schwartz, the former head of Bear Stearns.
The ECB’s “stress” tests were stricter than forecast, Cyprus’s finance minister told CNBC, after three Cypriot banks failed the check.
CNBC's Michelle Caruso-Cabrera reports on Europe's check on the quality of banks in Europe.
Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.
Mohamed El-Erian is moving into the peer-to-peer industry after agreeing to take an equity stake in a new lender.
New York Fed president William Dudley, dressed down some big financials firms saying it is imperative for banks to improve Wall Street's culture. CNBC's Mary Thompson reports the details.
The European Central Bank is considering buying corporate bonds on the secondary market, deciding as soon as December.
Bill Gross's new employer saw a 7 percent increase in short interest in the past month, according to new data.
A legal battle between Goldman Sachs and the Libyan sovereign wealth fund could have more permanent repercussions for the banking industry, experts have told CNBC.
Saudi Arabia's biggest lender is gearing up for what is expected to be this year's second-biggest IPO - and possibly the most controversial.
CNBC's Kayla Tausche discusses how this week's trade impacted the financial sector and loan growth.
Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.
Blankfein explained that he thinks the Fed's cautious strategy has proven to be the right one.
BofA's move to combine the role of CEO and board chair makes a mockery of efforts to improve bank oversight, Mike Mayo said.
Bank of America sent CNBC the following statement regarding its decision to combine the role of CEO and chairman.
Mike Mayo, CLSA Americas managing director, explains why he is urging shareholders to vote for separate leadership roles at Bank of America and separate Brian Moynihan's position as both CEO and chairman.