Financials
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Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
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Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
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Blackstone, one of the world's largest alternative asset managers, has quietly secured a securities underwriting licence as its expanding capital markets operation strays into investment banking territory.
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Banks are not normally the floggers of kettles and smartphones, duvets and leather shoes. But China Construction Bank, the world's second-largest lender by market value, is undeterred by convention. The Financial Times reports.
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European investment banks are set to cut their bonus pools in the coming weeks by 20 percent in a move that will exacerbate the pay gap with their U.S. rivals. The Financial Times reports.
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Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.
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BlackRock, the world's largest asset manager, has systematically "looted" securities lending revenues from investors, according to a lawsuit filed by two US pension funds.
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London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.
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BAC experienced widespread outages Friday on its website and mobile banking apps due to an internal technical malfunction, according to a person familiar with the situation.
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Despite gains in 2012, CNBC's Kayla Tausche reports the banks are the worst performing sector since 2007 market highs. AIG was the single worst performer down more than 96 percent.
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Long before the Dow hit 14,000, a number of big money managers predicted the rally—and have ridden it to handsome returns.
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New Barclays chief executive Antony Jenkins said he will not take a bonus for last year, saying he should "bear an appropriate degree of accountability" for a difficult year at the bank.
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The Netherlands has nationalized bank and insurance group SNS Reaal in a $14 billion rescue that highlights the fragility of European banks and the continued exposure of taxpayers five years after the financial crisis erupted.
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A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble.
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Morgan Stanley said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.
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The German banking giant said Thursday that its capital ratio improved by more than projected. So how did this happen?
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After improving in 2011, foreclosures ramped up again in 2012, and will likely continue to rise as banks clear out backlogs of distressed loans. More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report from RealtyTrac, reports CNBC's Diana Olick.
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Now that the Dow Jones is flirting with all-time highs, retail investors can still enjoy additional gains, TD Ameritrade executives told the company's annual conference in San Diego on Thursday.
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With the Dow Jones industrial average on track for its best January since 1989 and the S&P 500 off to its fastest start since 1997, one of Wall Street's most-accurate prediction tools, the January Barometer, is flashing a green light for stocks.
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The Forensic Accounting ETF launches today. The fund spotlights a concept that is often woefully overlooked.
Banks
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Daniel Harden, Senior Commercial Dealer at Global Reach Partners says the euro zone looks healthier as banks have stopped borrowing emergency funds and have started paying back their loans.
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Nicholas Ferres, Investment Director, Global Asset Allocation at Eastspring Investments discusses his calls in the European market.
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Independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.