Lloyds Banking Group agreed to pay fines totaling $370 million to the U.S. and British as part of an interest rate rigging scandal.» Read More
The drama at Portuguese lender Banco Espirito Santo (BES) resumed on Thursday with a former CEO of the bank being held by police in Lisbon.
JPMorgan Chase is close to a deal to sell half its private equity business, the Wall Street Journal reported, citing people familiar with the matter.
Regulators are expected to vote to end the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.
The U.S. unit of German lender Deutsche Bank suffers from ongoing financial reporting problems, according to a report in the Wall Street Journal.
The Federal Reserve Bank of New York has criticized Deutsche Bank of several reporting issues. CNBC's Mary Thompson reports the details.
CIT Group is buying regional bank OneWest Bank in a $3.4 billion cash-and-stock deal.
Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold.
Four years after the Dodd-Frank was signed into law, its co-authors said it was doing its job, but isn't the last chapter on reform.
Trading firms raised concerns about traders at Barclays' "dark pool" months before the U.S. accused the bank of favoring its trading clients.
One of the biggest private equity investors in the banking sector has warned that regulation has depressed profitability, the FT reports.
CNBC's Jim Cramer breaks down the earnings of the big banks. Cramer explains the "new model" of investment banking.
Italy’s banks are “quite well-prepared” for the upcoming European stress tests, the second-in-command at the central bank told CNBC.
American International Group has reached a $650 million settlement with Bank of America over residential mortgage related disputes.
Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.
The saga surrounding troubled lender Banco Espirito Santo has taken another twist, shedding more light on the strength of Portugal's banking sector.
China's shadow banking firms slashed lending to property developers, potentially spelling trouble for the sector and the economy.
With JPMorgan and Goldman Sachs beating Q2 earnings estimates, CNBC's Kayla Tausche rounds up the day in financials and looks ahead to tomorrow.
Discussing whether the bank stocks are finally back, with Anton Schutz, Mendon Capital Advisors chief investment officer. Mendon explains why he doesn't own Morgan Stanley now and likes the small bank plays.
CNBC's Steve Liesman and Paul McCulley, Pimco chief economist, provide perspective on Tuesday's retail sales numbers and weigh in on Fed policy ahead of Janet Yellen's Capitol Hill testimony.
Paul McCulley, Pimco chief economist, provides perspective on why the banking sector will have to change its current business model.
Edmund Salvesen, banks analyst at Brewin Dolphin, says investors in European banks need to weigh up the risks of an "endless bag" of litigation costs.
Cynthia Meng, MD of Hong Kong China Technology, Media and Telecommunications Equity Research at Jefferies, describes how the bank will benefit from tapping into microfinancing markets.
Senior Fed officials seem to have slipped back into their pre-2008 ways, says Simon Johnson, a professor at MIT's Sloan school.