Banco Espírito Santo has posted a €3.58 billion loss, which shows the financial woes engulfing its main shareholder, the Espírito Santo family group.» Read More
The U.S. Justice Department is preparing to file civil fraud charges against Citigroup and Bank of America's Merrill Lynch unit.
Financial literacy teaching tools are everywhere, but young people aren't getting any smarter about money. Here's what kids say they want to learn.
JPMorgan Chase is banning the use of multidealer online chat rooms and the use of such chat rooms among staff for social purposes.
In a shift of rainmakers on Wall Street, asset and hedge fund managers are edging out bankers when it comes to the size of year-end bonuses.
JPMorgan Chase & Co, which is pushing to simplify operations, has put up for sale its Asia-based unit that makes investments in mid-sized companies.
Pot-related businesses keep springing up, and one of them is WeedMaps.com, which could be called the Yelp of the medical marijuana business.
The cost of closing a euro zone bank will initially be borne by its home country, under the terms of an EU proposal.
Carl Weinberg, chief economist at High Frequency Economics, says there will be no "happy ending" in Europe unless the banking sector is made stronger.
Documents have been demanded from Deutsche Bank as part of an investigation into manipulation of commodity prices. The FT reports.
Frank McGhee, Integrated Brokerage Services, says he is a "long term bull," but gold will continue to be under pressure. Scott Wren, Wells Fargo Advisors, weighs in.
The idea of a cashless society could be one of the greatest threats to freedom in human history, said Signature Bank chairman Scott Shay.
Tom Naratil, UBS CFO, explains how the Federal approval of the Volcker Rule is likely to impact the financial sector. Naratil says his company actually adopted some of the changes a few years early.
Settlements for the JPMorgan Chase and Madoff case could possibly involve roughly $2 billion in penalties and a rare criminal action. The NYT reports.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
This is a good time to look outside of the U.S. for investment opportunities, says Russ Koesterich, BlackRock, sharing his investment strategies on where to invest in 2014. All emerging markets are not equal, Koesterich warns.
Frank Keating, American Bankers Association president & CEO, discusses implementation of the Volcker Rule and its impact on banks.
Dennis Gartman, The Gartman Letter founder and editor, and Kelly King, BB&T Corporation chairman & CEO, discuss how the Fed's asset buying program has impacted the economy. The real issue is not tapering, it's when they begin to raise interest rates, says King.
Guy de Blonay, fund manager for the Financials Opportunities Fund at Jupiter Asset Management, says that while a common European banking standard is good, it is wrong to believe banks will cause another crisis.
Robert Quinn, chief European equity strategist at S&P Capital IQ, discusses European banks and expects the sector to be the best performing one in 2014.
Marty Mosby, Banking Analyst at Guggenheim Partners, tells CNBC's Cash Flow that the Volcker Rule has already been priced into banking stocks and interest rates.
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