New Zealand's central bank raised interest rates on Thursday and signaled that it would keep tightening monetary policy in the coming months.» Read More
Federal prosecutors in Manhattan on Wednesday criminally charged two former JPMorgan Chase employees with wire fraud and a conspiracy to falsify books.
The former JPMorgan trader known as the "London Whale" will not be prosecuted for the whopping losses he was involved in, as he made a non-prosecution deal, sources told CNBC.
The housing boom in Canada has allowed banks to reduce capital held against mortgage losses. If home prices decline, some of the biggest banks may feel the pinch.
Bruno Iksil, the man given the nickname "The London Whale" will not be prosecuted by the DOJ, reports CNBC's Kate Kelly.
Dick Bove, the bank analyst and vice president of equity research at Rafferty Capital, said investors should be buying financial stocks "very aggressively."
Mark Tinker, global portfolio manager at Axa Framlington, discusses why people buy financials knowing that liabilities remain on the books and underfunded.
The financial sector stands within a whisker of recapturing the mantle as the $17 trillion U.S. stock market's heaviest hitter.
Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.
Wells Fargo must face lawsuits by homeowners who claim it refused to offer them mortgage modifications for which they had qualified, a federal appeals court ruled on Thursday.
The trader at the center of JPMorgan's $6.2 billion trading loss will not face U.S. charges related to the incident, a source familiar with the matter said on Thursday.
The White House wants to replace Fannie Mae and Freddie Mac with a new system that reduces the government's role. Unfortunately, the plan is badly flawed.
The San Francisco suburb of Richmond wants to use eminent domain to force banks to sell a few underwater mortgages to the city. Mark Calabria, Cato, and Robert Hockett, Cornell University, discuss whether this is unconstitutional.
The trader at the center of JPMorgan Chase's $6.2 billion "London whale" trading loss last year will not face charges related to the incident, a source said.
The Bank of Japan is to maintain its massive monetary stimulus on Thursday while board debates whether growing signs from prices justify offering a rosier view on the economy.
The government's success in the trial of Fabrice Tourre may mean that Bank of America will have a tough time defending itself against new charges of fraud.
One of the hottest areas now is the market for personal loans, which is attracting money from venture capital investors, spurred by the fast growth of Lending Club.
President Barack Obama and Zillow CEO Spencer Rascoff are hosting a virtual roundtable on housing reform. Paul Bishop of the National Association of Realtors and CNBC's Diana Olick discuss the president's plans.
The Fed's policies have led to a huge increase in reserve balances in the banking system. But since banks don't lend out reserves, this isn't the problem people think it is.
Beverly Anderson of Wells Fargo discusses details of a deal with American Express giving the mortgage giant access to the credit card marketplace.
Standard Chartered says it remains committed to South Korea, even after $1 billion hit from writedowns in the country.
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