In a CNBC exclusive interview, Gordon Nixon, Royal Bank of Canada president & CEO, discusses his decision to step down as CEO of Canada's largest bank and touches on the slowdown in the banking retail business.» Read More
Gary Parr, Lazard vice chairman, gives his perspective on the complexity of the "Volcker Rule" and talks about the future of Wall Street.
Paid in the form of various assistance programs, the funds are in effect a subsidy to the banking industry, The Washington Post reported.
The Federal Reserve has more reason than ever to cut a key U.S. lending rate it has kept at just above zero since the depths of the financial crisis.
Michael Underhill, Capital Innovations CIO and Kenny Polcari, O'Neil Securities, discuss today's market selloff. Underhill says biotech is overvalued, utilities are undervalued and emerging markets are on sale.
A former Goldman Sachs trader who pleaded guilty to fraudulently building a futures trade should repay $118 million to his former employer, U.S. prosecutors said.
JP Morgan received 7 million pounds ($11 million) in fees for advising the Co-operative Bank on its takeover of the Britannia, one of its top executives told lawmakers.
The White House is offering more money to insurance companies as an incentive for them to let people keep coverage that was to have been canceled next year. The NYT reports.
CNBC's Seema Mody and Dominic Chu take a look at valuation levels in the tech and financial sectors.
Insurers complain the back end systems, which are supposed to deliver consumer information to them, still aren't working.
Bank of America said it settled all claims with Freddie Mac arising from mortgages sold through the end of 2009.
Investors poured $31.6 billion into equity mutual funds and exchange-traded funds in November, data from TrimTabs Investment Research showed.
But specialists said weeks of work lie ahead, including a major reconfiguration of the computer hardware.
The amount of banking staff earning over 1 million euros ($1.36 million) soared last year in the United Kingdom, dwarfing that in other European Union member states.
The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's.
Nasdaq OMX Group executive Eric Noll is leaving to take a job in private equity, according to sources with knowledge of the matter.
The "Fast Money" traders discuss if the hot market rally will continue until the end of the year and what sectors are attractive. Weiss warns to stay away from commodities and housing.
Discussing the markets next move, with Jack Ablin, BMO Private Bank executive vice president & CIO, and Jeffrey Kleintop, LPL Financial chief market strategist. Kleintop says the great rotation into stocks has begun.
Discussing if and when a pullback will occur, with Steve Grasso, Stuart Frankel, and Jonathan Corpina, Meridian Equity Partners. The two look at the health and sustainability of the market rally. Grasso says he would be taking profits in retail stocks.
The $13 billion figure reached with the Justice Department may represent political theater as much as a real attempt to right wrongs. The NYT reports.
Discussing how to play financials when the taper actually happens, Thomas Digenan, UBS chief U.S. equity strategist, believes now is the time to take on more risk in equities.
Deutsche Bank pulled the plug on its global commodities trading business, cutting 200 jobs as it becomes the first major bank to exit the sector.
A US judge is considering an alternative that could result in Bank of America paying much less than the $863.6 million the government is seeking.
The retail sector has become competitive in Canada, says Ed Clark, TD Bank Group CEO and president. As for TD Bank, Clark says the market has gotten past its "soft" insurance and wholesale business performance.