JPMorgan will eliminate voicemail for its retail employees in an effort cut costs and save about $16 million a year.» Read More
In the twelve months to January, the lending of U.S. banks to households increased about 3 percent while, over that period, their loanable funds (excess reserves) soared by an incredible 59.4 percent.
Technology stocks led a global downturn on Monday, after a selloff in U.S. stocks on Friday hit market confidence.
The trading venue featured in "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned.
After a string of regulatory mishaps including loose oversight of money-laundering controls, JPM is taking no chances.
Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.
Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco.
Bank of America is close to settling with a U.S. regulator over the sale of services sold as add-ons to credit cards.
Large private equity firm Hellman & Friedman hopes to raise around $8.9 billion for a new investment fund starting in May, according to Bloomberg.
The stock market is not rigged, but investors are being ripped off by high-frequency trading, Craig Hodges, co-portfolio manager of the Hodges Funds, tells CNBC.
Investors pulled another $3.1 billion from Pimco's flagship fund in March, following a spate of wrong calls by long-time manager Bill Gross.
Emerging markets roared like a lion in March, and they've continued their surge into April.
In identifying which banks would be top choices for 2014, CNBC conducted a surveys based on themes that are currently being explored by various analysts.
April is the best month to be in blue chips, if history is a guide.
U.S. businesses took a pause from repurchasing their own shares in the first quarter of 2014, according to the research tracker TrimTabs.
Judge said shareholders adequately alleged JPMorgan misled them about the bank's ability to manage risk before the losses surfaced.
Activist investor Bill Ackman is boosting his stake in both Fannie Mae and Freddie Mac to more than 11 percent in each.
The pace of business activity in the U.S. Midwest fell to its lowest since August, resuming its recent trend of slower regional growth.
Author Michael Lewis alleges that the stock market is "rigged" by a cabal of high frequency traders, stock exchanges, and Wall Street firms.
Lehman Brothers may be long dead, but its assets continue to be a lucrative investment for hedge funds.
Bill Gross has yet to regain his dominance of the bond market as his Pimco Total Return Fund lagged most of its peers in the first quarter.
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