Winthrop H. Smith Jr., Summit Ventures chairman and CEO and author of "Catching Lightning in a Bottle," weighs in on what led Merrill Lynch to nearly collapsing during the financial crisis which forced Bank of America's acquisition.» Read More
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.
Former Federal prosecutor Jacob Frenkel addresses why the DOJ and JPMorgan have to work out this deal, and shares his view of what happened. "The DOJ will not shut down the bank," he says.
CNBC's Kate Kelly breaks down the Justice Department's landmark settlement with JPMorgan.
Winthrop H. Smith Jr., Summit Ventures chairman and CEO and author of "Catching Lightning in a Bottle," weighs in on what led Merrill Lynch to nearly collapsing during the financial crisis which forced Bank of America's acquisition.
Gary Parr, Lazard vice chairman, gives his perspective on the complexity of the "Volcker Rule" and talks about the future of Wall Street.
David Lykken, Mortgage Banking Solutions managing partner, and Christopher Thornberg, Beacon Economics principal, debate a specific section of Dodd-Frank that requires lenders to verify borrower's ability to pay back their loan.