NEW YORK, May 22- Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.S.-based FXCM and Danish investment bank SAXO Bank. FXCM filed an 8 K form with the U.S. Securities and Exchange Commission that the company would "assume the vast majority of margin forex accounts of CitiFX Pro...» Read More
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.
Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday.
Prognostications that there's a bond bubble ready to burst look overstated, said one panelist at the TD Ameritrade conference in San Diego on Friday.
Even though stock indices are climbing, some analysts say expectations for a "Great Rotation" out of bond funds into equities look premature because economic growth remains sluggish and interest rates remain low.