Ukraine came under greater economic pressure after unexpectedly banning most currency trading and then abruptly reversing course.» Read More
Stifel Financial's purchase of Sterne Agee is about becoming more relevant to clients, CEO Ron Kruszewski tells CNBC.
Stifel Financial announces the acquisition of Sterne Agee. Details, with CNBC's Dominic Chu.
There's a new mortgage crisis brewing — only this one is completely different than the one in 2008, says bank analyst Dick Bove.
Ocwen Financial said it would sell a portfolio of residential mortgage servicing rights worth $9.8 billion to Nationstar Mortgage Holdings.
Goldman Sachs has raised the top end of its estimate of "reasonably possible" legal losses to about $3 billion from $2.5 billion.
U.K. regulators will include banks' and insurers' senior non-executives alongside chairmen in a tough new personal liability regime, the FT reports.
President Obama is pushing for a new rule that would require brokers to follow tighter standards when advising clients on retirement plans.
HSBC's shares fell over 4 percent after the bank reported that profits fell to a worse-than-expected $18.7 billion in 2014.
Citigroup cut CEO Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.
Virtu Financial is taking steps to file a revised IPO prospectus after delaying a debut last year, Dow Jones reported.
Indonesia's central bank surprised markets by cutting its benchmark interest rate on Tuesday by 25 basis points.
New York City has created more jobs over the past 5 years than during any 5-year period in the last 50. What's missing? Wall Street. NYT reports.
In a report to be published on Monday, Kaspersky Lab says hackers stole millions from more than 100 banks and other institutions in 30 nations.
The US market rally continued Friday as US stocks kept rising on European numbers and easing China regulations.
Carl Icahn thinks Apple is already worth over $1 trillion but others think it will take a while for the iPhone maker's stock value to get there.
Bank inquiries have become a “way of life” in the UK, S&P says, after British lawmakers said they planned to investigate HSBC over tax evasion claims.
The ECB's massive QE program may only be of small help to the euro zone's banks, but could boost other sectors like real estate.
The Justice Department is pushing some of the biggest banks on Wall Street to plead guilty to charges that they manipulated foreign currency prices.
Big U.S. banks say that a proposed Fed rule on higher capital requirements would penalize them if the dollar remains strong against the euro.
JPMorgan Chase's hiring of the son of a Chinese commerce minister is being scrutinized by investigators looking at whether the bank improperly hired relatives of government officials to win influence and business.
American Express is catering to the affluent once again after taking several blows to its business, the NYT reports.
Lachlan Colquhoun, head of Markets Analysis at East & Partners, discusses the rally in Standard Chartered shares Friday after news that Bill Winters has been named as the bank's new boss.
Lloyds Banking Group will pay a dividend of 0.75p per share to investors, after reporting a better-than-expected rise in profit.