A group of influential financial minds is calling on banks to reform their internal culture and meaningfully punish wrongdoing.» Read More
Retail banks care becoming increasingly concerned about being left behind by trends in social networking and mobile computing, according to a survey of the industry.
CNBC's Kayla Tausche reports JPMorgan has reached a tentative settlement with FHFA to pay about $4 billion in penalties due to claims the bank misled Fannie and Freddie over mortgages it sold them.
CNBC's Mary Thompson speaks with Morgan Stanley CEO James Gorman, who discusses cutting risk, increasing flow business and putting aside reserves for potential litigation.
The European Central Bank will announce new details on its banking union project next week. Alberto Gallo of RBS says this will boost transparency across European banks. Peter Sorrentino, Huntington Asset Advisors, shares his views on the outlook for big banks.
Brennan Hawken, UBS director of equity research, provides his take on Morgan Stanley's Q3 earnings and turnaround plan. And Hawken weighs in on the headwinds facing other fixed income companies.
Honeywell reported a 4 percent increase in quarterly profit on Friday, with its results undermined by lower defense and space sales.
Morgan Stanley reported a 50 percent rise in revenue as higher income from equities sales and trading made up for a drop in fixed income.
General Electric on Friday said third-quarter profit fell as revenue dropped in its power and water business, which makes a variety of turbines.
A unit of British bank HSBC was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit on Thursday.
Roger Freeman, Barclays, and Anton Schutz, Mendon Capital Advisors provide insight on Goldman Sachs' Q3 earnings which beat estimates.
CNBC's Mary Thompson breaks down Goldman Sachs' conference call after revenue missed expectations.
Financial stocks are outperforming the market on strong earnings data from Bank of America and on optimism for a deal in Washington. The "Fast Money" traders react to Warren Buffett's positive comments on banks.
The CFTC has signed off on a $100 million settlement with JPMorgan over charges connected to the so-called London Whale trades.
CNBC's Rick Santelli discusses the latest action in the bond market, t-bills and says a default is "not the end of the world."
Bank of America beat Wall Street's third quarter expectations on Tuesday.
Business students around the world have lost some love for banking five years after the collapse of Lehman Brothers.
Citigroup reported a drop in profit after the Fed's decision to continue its bond-buying program longer than expected slowed trading by clients.
Regulators and investors seem to disagree with recent calls for the ouster of the head of JPMorgan over the bank’s expensive legal troubles.
"Obviously we have the resources to pay our bill, but we don't have the political will to do so," Dick Kovacevich says.
Gerard Cassidy, RBC Capital Markets analyst, weighs in on what he is expecting to see in the financial sector this week as refinancing activity weakens and interest rates rise.
A group of influential financial minds is calling on banks to reform their internal culture and meaningfully punish wrongdoing.
Former Texas Gov. Rick Perry discuss his economic plan to create a manufacturing renaissance in the U.S., and weighs in on Hillary Clinton's tax plan.
GOP presidential candidate and former Texas Gov. Rick Perry talks about trading barbs with Donald Trump, how he would secure the U.S. border, and his political leadership experience.