The U.S. Department of Justice is pushing for 5 banks to resolve charges they manipulated FX markets in a mega settlement in mid-May, the FT reported.» Read More
Bank of America's potential settlement with the DOJ has focused the spotlight on Justice Department official Tony West. CNBC's Kate Kelly reports he is a big fan of public service.
Gildas Surry, banks analyst at BNP Paribas, discusses Commerzbank and the overall European banking sector.
Bank of America's potential settlement with the DOJ has focused the spotlight on Justice Department official Tony West. CNBC's Kate Kelly provides insight on his bank oversight history.
Bank of America directors are supportive of its proposed $16 billion to $17 billion mortgage-securities settlement, according to someone familiar with the matter.
Goldman said it was being investigated for its U.S. alternative trading system and for the potential misuse and circulation of non-public information.
CNBC's Kate Kelly reports the Bank of America is close to a settlement with the government over mortgage bonds.
According to sources, Bank of America is nearing a settlement deal with the Department of Justice. Nothing is final yet, reports CNBC's Kate Kelly.
Atlanta Federal Reserve President Dennis Lockhart, says monetary policy can "deal with the expansion of the pie," but "can't do much" about the distribution of the pie, in discussing trends in income distribution.
CNBC's Kelly Evans asks Atlanta Federal Reserve President Dennis Lockhart whether the U.S. economy can afford to wait to raise interest rates until higher confidence in sustainable economic trends.
Atlanta Federal Reserve President Dennis Lockhart, discusses the next move for interest rates in the U.S. Lockhart says he needs "more evidence" to have high confidence the U.S. will not see a reversal of the current economic trends.
According to sources, Bank of America is nearing a settlement deal with the Department of Justice, with CNBC's Kayla Tausche.
Bank of America and the Justice Department are closing in on a deal to settle mortgage probes that could reach as much as $17 billion.
Moody's Investors Service has put a negative outlook on the U.K. banking sector. Johannes Wassenberg, managing director at Moody's, explains that the changing regulatory framework will add pressure on U.K. lenders.
Ian Gordon, equity research analyst at S&P Capital IQ, discusses Standard Chartered's results, and says the group's losses should be lower in the second half.
The U.S. Federal Reserve approved a resubmitted capital plan from Bank of America, which announced it has raised its dividend.
Wells Fargo has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat a drop in mortgage volumes.
Standard Chartered is facing another substantial fine from U.S. regulators as it announced its first-half profits fell by 20 percent.
Paul Dowling, Principal Analyst at East and Partners, outlines the challenges that Standard Chartered faces.
CNBC's Mary Thompson reports regulators have told banks their "living wills" need improvement and ask banks to address the shortcomings.
So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.