"It's definitely politics. It has nothing to do with justice or restitution to the innocent victims," former Wells Fargo chief Dick Kovacevich says.» Read More
Paul Krake, Founder, View from the Peak discusses the "borderline comical" nature of China's on-again and off-again tightening measures and explains why he is bearish on Shanghai equities.
Barclays is committed to its investment-banking business and sees opportunity in Africa, CEO Antony Jenkins told CNBC's "Closing Bell" on Friday.
The president of the European Parliament, warned Italians on Thursday not to back the scandal-ridden media tycoon at the ballot box.
Spanish lender Santander shrank its directors' pay by almost 35 percent in 2012 as profits fell, with Chairman Emilio Botin taking one of the bigger cuts in remuneration among top executives.
A deal involving Bank of America shows how bank bailouts have continued, even if in a much quieter form than in the depths of the financial crisis.
Commerzbank, Germany's second-biggest lender, said it would set aside slightly more money for bad loans this year as the economic environment deteriorates.
Rosneft is seeking to borrow $30 billion from China, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.
Barclays plans to cut at least 3,700 jobs in 2013 as part of a strategic overhaul aimed at reducing the group's annual costs by 1.7 billion pounds ($2.7 billion) by 2015.
Royal Bank of Scotland chairman Philip Hampton has defended the bonus due to be paid to chief executive Stephen Hester even though the British bank has been punished for rigging interest rates.
Calls to break up the nation's major banks do not solve the risk problems at the heart of the 2008 financial crisis, Robert Rubin, former Clinton Treasury Secretary, told CNBC.
Ireland's bank debt deal with the European Central Bank will reduce its borrowing needs by 20 billion euros over the next decade and cut its fiscal deficit by some 1 billion euros per annum, the country's prime minister said on Thursday.
When an outside analysis uncovered serious flaws with thousands of home loans, JPMorgan Chase executives found an easy fix. The NYT reports.
Credit Suisse said on Thursday it will cut more costs than expected, after swinging to a lower-than-expected fourth-quarter net profit.
UBS saw weak client inflows at its flagship private bank in the fourth quarter as it reported a hefty net loss due to a $1.5 billion fine for rigging benchmark interest rates and restructuring costs.
Noted analyst Richard Bove's bullish stance comes despite near zero interest rates and tighter regulations.
BAC experienced widespread outages Friday on its website and mobile banking apps due to an internal technical malfunction, according to a person familiar with the situation.
Spain's biggest bank Santander on Thursday said its 2012 net profit had more than halved, hurt by write downs on soured property assets at home while profit from key growth spots such as Latin America also fell.
The heads of France's top three banks said tougher laws to curb risky trading would put the country at a competitive disadvantage as it struggles with record unemployment and a grim economic outlook.
The CEO of Swedish banking group Swedbank told CNBC on Wednesday that a sustained economic recovery remained elusive, with corporate and private customers reluctant to borrow.