Financials
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Bank chiefs at HBOS, once one of Britain's biggest banks, were condemned as a "model of self-delusion", in a damming report by Britain's Banking Standards Commission on Friday.
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Bank chiefs at HBOS, once one of Britain's biggest banks, were condemned as a "model of self-delusion", in a damming report by Britain's Banking Standards Commission on Friday.
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The Bundesbank has launched an investigation into claims that Deutsche Bank hid billions of dollars of losses on credit derivatives during the financial crisis. The Financial Times reports.
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JPMorgan Chase won a court victory today that may have saved it $769 million dollars.
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The death of Laiki, also known as Cyprus Popular Bank, was brutal. Board members said they had fought to the bitter end.
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Online currency bitcoin has surged in value since the Cyprus bailout saga sparked global interest in alternatives.
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"Am I a great investor? Not yet," Pimco's Bill Gross writes in an essay titled "Man in the Mirror." The real test of greatness will be adapting to a new era once the epoch of credit expansion comes to a close.
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Ex-Goldman Sachs Group trader Matthew Marshall Taylor pleaded guilty to one count of wire fraud Wednesday in connection with charges that he defrauded the Wall Street bank out of $118 million in 2007.
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Australia will force corporate giants to disclose their tax arrangements to curb alleged tax avoidance by multinational corporations.
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At least three of the world's top drugmakers are bidding for Brazil's Ache Laboratorios Farmaceuticos in an auction that may value the group at more than $5 billion, people familiar with the matter said.
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Goldman Sachs is raising up to $600 million for a publicly-traded credit fund that will buy risky loans. What could go wrong?
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Pope Francis, who has said he wants the Catholic Church to be a model of austerity and honesty, could restructure or even close the Vatican's scandal-ridden bank, Vatican sources say.
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Bank of America agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchases of mortgage-backed securities by corporate credit unions that have since failed.
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Ronald Kruszewski, Chairman, President and CEO of Stifel Financial, provides a preview of what's in store for bank stocks in the second quarter, as low interest rates continue to put pressure on margins.
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A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
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Gerard Cassidy, RBC Capital Markets analyst, provides a preview of what to expect when big banks report earnings this quarter.
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Following intense lobbying from the health insurance industry and members of Congress, the U.S. government said it will increase the payment rate for health insurers that offer coverage through the popular Medicare Advantage program.
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Britain's financial services sector took on new staff in the first quarter with more gains expected, a business survey said, signaling that a prolonged period of job losses may be ending.
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Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.
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The head of Cyprus's central bank has sought to deflect blame for the chaos that has engulfed the island's financial system but has promised a steady lifting of capital controls. The FT reports.
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Will Danoff, whose $92 billion Fidelity Contrafund is the largest active shareholder in Apple, cut its stake in the company over the first two months of 2013.
Banks
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Strong mortgage originations have propped up bank earnings over the past several quarters, but the trend may have weakened in the first quarter, according to FBR Capital. TheStreet.com reports.
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Earnings begins Monday with Alcoa, reports CNBC's Bob Pisani, but the real earnings season, he says, starts Friday, with JPMorgan and Wells Fargo.
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Spain's banking bailout last year is now a distant memory. But according to one strategist, Spain's fragile economy now faces the possibility of tipping over into a renewed credit crunch.