DEUTSCHE BANK PLAN TO BECOME INVESTMENT BANK/CORPORATE LENDER DROPPED AFTER ECB STRESS TESTS- SOURCES.» Read More
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.
Jamie Dimon speaks out, PC sales are in decline; U.S. sets tariffs on solar panels and Spain is downgraded by the S&P for the third time this year.
Jamie Dimon, CEO of JPMorgan, says the economy would have been booming if the U.S. would have adopted Simpson-Bowles.
CNBC's Gary Kaminsky explains how QE3 is impacting deals on Wall Street, and how to avert a global recession, with CNBC's Rick Santelli.
Equities finish lower, Alcoa and Yum get earnings season off to a good start.
A quiet day of trading as the markets slowly approach 5-year highs; the meningitis outbreak grows; Huawei fires back at the U.S. and the IMF slashes forecasts for global economic growth.
Once the dregs of the U.S. economy, beleaguered mortgage banks are becoming more attractive as the home sector claws back from a depression, an analyst said Monday.
New financial advisory firms are popping up around the U.S., as veteran brokers leave big firms to build their own. These 10 are startup hotbeds.
CNBC's Mary Thompson reports Goldman Sachs is replacing CFO David Viniar, with incoming officer, Harvey Schwartz.
Mark Zuckerberg gives his first interview since the Facebook IPO; Ex-JCP exec joins the GAP; Steve Wynn releases a scathing statement on Joe Francis and Ford may soon have a CEO succession plan.
Deutsche Bank unveiled a new plan on Tuesday to survive in a less profitable investment banking world, saying it would aim for 4.5 billion euros in annual savings by 2015, and move 125 billion euros in assets to a non-core unit.