NEW YORK— Susan Bernardo trusted her stockbroker. Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds into real estate and energy partnerships in hopes of earning more income. "I thought,' OK, someone is watching over me,'" says Bernardo, now 57, of Wantagh, New York.» Read More
The financial services sector is disrupting the status quo, reports CNBC's Julia Boorstin. And, Andrew Rachleff, Wealthfront president & CEO, explains how his company can offer clients the same services as big banks but at a lower cost.
Aryeh Bourkoff, LionTree founder & CEO, discusses why there is an upswing in deal flow in the media sector, with CNBC's David Faber.
Scott Stanford, Sherpa co-founder, shares some of his biggest IPO successes, and reveals which startups he believes will become the household names of the future.
Frank Bisignano, the co-chief operating office is leaving the United States' largest bank, reports CNBC's Kayla Tausche.
CNBC's Mary Thompson talks with Gary Cohn, president & co-COO of Goldman Sachs, about the company's views on growth markets, China, euro zone troubles, and regulations.
Rainer Skierka, head of financials research at Sarasin, prefers UBS over Credit Suisse as most of the revenues for the latter bank come from investment banking which he sees as much more volatile.
Bank of America reported first-quarter earnings on Wednesday that fell short of Street's expectations, sending shares lower in pre-market trading.
Goldman Sachs reported first-quarter earnings on Wednesday that topped Wall Street's expectations, helped by higher revenue in its investment banking arm.
Citigroup complied with an order with the U.S. Federal Reserve to improve its anti-money laundering controls, after several units of the bank were subject to similar orders in 2012.
BofA Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires, under a new compensation policy.
Bill Smith, CEO & Senior Portfolio Manager at SAM Advisors, reacts to the Fed's stress test on U.S. banks, and explains why banks will continue to be hobbled by stringent regulations.
Mary Jo White will likely face questions about her work for big Wall Street clients when senators on Tuesday consider her nomination to head the U.S. Securities and Exchange Commission, while one lawmaker wants to talk football.
Goldman Sachs has hired Morgan Stanley's Asia investment banking head Kate Richdale, the most senior banker in the region to switch firms so far this year.
In order to ensure they can withstand a severe economic crisis, financial institutions must have a "checkup."
Goldman Sachs Group Inc reduced its risk-taking for a third straight year, with potential losses from trading dropping to the lowest level in seven years.
A federal judge ordered former Goldman Sachs director Rajat Gupta to reimburse $6.22 million to the bank to help cover its legal expenses related to his criminal insider trading case.
Value investor Mario Gabelli says he expects small-cap stock GenCorp and mid-cap stock Legg Mason to double in value.
CNBC's Kelly Evans reports Barclays announced its turnaround plan aimed at reducing the bank's annual costs, which sent the stock up over 4 percent.
CNBC's Gary Kaminsky compares investment banks to airlines and explains what you can learn from both groups.
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.