FRANKFURT, July 29- Deutsche Bank's plan to become "the last man standing" in investment banking in Europe is working, the bank said on Tuesday, reporting a 16 percent year-on-year increase in quarterly pretax income.» Read More
Euro zone, IMF reach deal on cutting long-term Greek debt, Lehman to sell Archstone to Equity Residential, US Airways Says Sandy Cost $35 Million in Profits, Facebook shares jump 8.1%, RIM stock has a one month rebound.
Former hedge fund portfolio manager Mathew Martoma will have to put up $5 million bail to remain free on insider trading charges.
One of the key destinations for financial jobs, Singapore is fast losing its lure as bank layoffs threaten the once robust job market in this Southeast Asian city state.
CNBC's Michelle Caruso-Cabrera reports on Europe's market-moving activities, as Moody's downgrades France's credit rating, and Credit Suisse plans to restructure its investment banking division.
The fiscal cliff walk begins and the yen takes a breather — it's time for your FX Fix.
Poor management decisions by MF Global's former CEO Jon Corzine triggered the firm's collapse, while lax protections for customer funds contributed to the $1.6 billion loss of customer money, U.S. congressional investigators say.
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
In honor of John McAfee, who spoke to our own Jeff Pohlman today while he is trying to stay one step ahead of the law in Belize.
Can stocks reverse a recent trend or will they go deeper in the red for the week?
Ahish Shah, global head of credit at AllianceBernstein, tells CNBC that UBS's restructuring represents an opportunity developing within credit markets to undergo deleveraging that may result in greater returns.
UBS is set to unveil a radical downsizing of its struggling investment bank next week in a move that will prompt the loss of up to 10,000 jobs across the Swiss banking group.
In an earlier "Squawk on the Street" interview CNBC's Gary Kaminsky weighs in on Lloyd Blankfein's reaction to Greg Smith's tell all memoir, "Why I Left Goldman Sachs."
Lloyd Blankfein, chairman & CEO of Goldman Sachs; Neil Blumenthal, Warby Parker co-founder; and Premal Shal, Kiva.org president, talks about business innovation and entrepreneurship, with CNBC's Julia Boorstin.
Texas Instruments and Yahoo report earnings, Best Buy bets on Windows 8, Monster Beverage drops in the wake of a lawsuit, Amazon says the Kindle is a top seller, the U.S. Customs Agency drops the Blackberry.
David Hilder, Drexel Hamilton banking analyst, breaks down the company's third quarter numbers of $0.28 EPS on $7.6 billion in revenues, and discusses whether to invest in financials now.
CNBC's Mary Thompson reports strength in the company's earnings is being driven by its investment banking, fixed income and investments and lending.
Douglas Sipkin, Susquehanna Financial senior analyst, breaks down the big bank's third quarter earnings of $2.85 versus $2.12 estimates, on revenues of $8.35 billion.
Apple hires an exec from Amazon, Yahoo hires an exec from Google, two new drugs cited in meningitis outbreak, Les Moonves extends his stay at CBS, an early review of the first chapter from a book by a disgruntled Goldman Sachs employee is not kind.
CNBC's Kate Kelly reports the fallout over JPMorgan's trading blunder may have played a role in the CFO's decision to step down.
CNBC's Kate Kelly reports the fallout over JPMorgan's trading blunder may force the company's CFO to step down.