Royal Bank of Scotland faces a $13 billion bill to resolve claims it misled purchasers of mortgage-backed securities, the FT reports.» Read More
SAC moves, Wall Street bonuses, mortgage applications and more.
Just before Christmas, the market has been gifted with more strong economic data--this time, in the form of November durable goods.
Traders from SAC Capital Advisors continue to leave for rival shops.
Sources briefed on the insider trading investigation into Steven A. Cohen, the head of SAC Capital, say that a call in 2009 raised his suspicions.
U.S. and Europe fined banks record amounts this year, imposing penalties and settlements of more than $43 billion.
Arjuna Mahendran, CIO of Emirates National Bank of Dubai lays out crucial investment strategies and key regions to keep an eye out for in 2014.
Damien Conover, Equity Analyst at Morningstar talks about the impact of Obamacare on equity markets and highlights stocks that are set to benefit from it.
Tim Armstrong, the chief executive of AOL, had a debilitating attachment to Patch, a network of local news sites that he is finally winding down.
CNBC's Jon Fortt reports on Google's acquisition of robotics company Boston Dynamics and the innovative products the tech giant plans to unleash.
Robert Kindler, Morgan Stanley vice chairman and global head of M&A, discusses his outlook for next year, activism and the dynamics of the hostile bid takeover.
CNBC's Kate Kelly reports closing arguments are taking place on SAC Michael Steinberg's insider trading trial. A verdict could come as soon as tomorrow, Kelly reports.
There's at least one big thing for Wall Street to deal with before the Christmas holiday: the Fed.
Robert Benmosche, AIG president and CEO, shares his thoughts on Obamacare.
Robert Benmosche, AIG president & CEO, discusses the details on AIG selling its aircraft-leasing unit to AerCap Holdings for about $5 billion. And weighs in on Fed policy, and the outlook on the economy and markets. The economy is stronger than people think, Benmosche says.
American International Group is selling aircraft leasing business to AerCap in a cash-and-stock deal valued at approximately $5.4 billion.
Americans aren't expecting another bang-up year for the stock market, according to a new Associated Press-GfK poll.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories, including the Fed meeting, and economic data on tap.
The cost of closing a euro zone bank will initially be borne by its home country, under the terms of an EU proposal.
Sprint is mulling a possible bid for T-Mobile—a deal that may leave the U.S. wireless market dominated by three mega-companies, The Wall Street Journal reported.
Cantor Fitzgerald has agreed to settle a lawsuit against American Airlines over business and property losses stemming from the Sept 11, 2001, attacks.
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Bill Gross thinks conditions are ripe for a crisis, and he points a finger at Pimco to be at the center of the storm.
Puerto Rico isn't turning out to be the golden opportunity hedge funds and other big money investors once thought it was.
Billionaire investor John Paulson is looking to make more money on health care.