CNBC's Josh Lipton speaks to PayPal co-founder and serial entrepreneur Max Levchin, about his new lending service start-up Affirm, an alternative to banks for lending.» Read More
Banks may have repaired their balance sheets but we're still waiting for any notable shift in their culture, according to a market commentator.
Britain's Lloyds Banking Group confirmed on Friday that it was close to agreeing a settlement over allegations of manipulating benchmark interest rates.
The SEC said it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis.
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.
Banco Espírito Santo has posted a loss of €3.58 billion that exposes the full extent of its exposure to the financial woes.
A U.S. Court has ruled that Bank of America must pay the U.S. government $1.27 billion in a Countrywide "hustle" fraud.
CNBC's Josh Lipton speaks to PayPal co-founder and serial entrepreneur Max Levchin, about his new lending service start-up Affirm, an alternative to banks for lending.