In a CNBC exclusive interview, Gordon Nixon, Royal Bank of Canada president & CEO, discusses his decision to step down as CEO of Canada's largest bank and touches on the slowdown in the banking retail business.» Read More
The investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win business is sending shudders through Wall Street.
President Obama would like to speed the process of the Dodd-Frank bill. Elliot Weissbluth, CEO & founder of HighTower, breaks down what this may mean for banks.
All five of the U.K.'s biggest banks posted profits for the first half of 2013, but a report on Monday warned that banks and regulators may be too focused on combating the wrongs of the past to take heed of future threats.
Bitcoin is a virtual currency getting a lot of attention by the real world. Coinsetter is a company dedicated to making Bitcoin safe to use. Jaron Lukasiewicz, Coinsetter CEO, shares what the industry has to say. And Benjamin Lawsky, superintendent of NY Department of Financial Services, shares the regulators' side of the story.
Financial stocks are about to overtake tech stocks as the most weighted sector on the S&P 500. Is it time to buy or sell bank stocks? "Banks are earning more money now than ever before," says Dick Bove of Rafferty Capital.
CNBC's Kelly Evans shares her thoughts on the comeback in the financial sector at Post 9 from the floor of the NYSE.
Ally Financial is in discussions with investors to raise capital that would help the once-troubled lender clear the Federal Reserve's capital bar, said sources.
U.S. Attorney Preet Bharara answers questions in regards to the charges to the ex-JPMorgan traders in connection with the "London Whale" case.
U.S. Attorney Preet Bharara addresses the charges for two former JPMorgan employees in regards to the $6 billion "London Whale" case. "This was a perfect storm of misbehavior and inadequate internal controls," he says.
Global fund managers are more optimistic on the world economy, and optimism about the euro zone doubled in the last month to a nine-year high.
The housing boom in Canada has allowed banks to reduce capital held against mortgage losses. If home prices decline, some of the biggest banks may feel the pinch.
Dick Bove, the bank analyst and vice president of equity research at Rafferty Capital, said investors should be buying financial stocks "very aggressively."
Is there plenty of upside momentum left? Anton Schutz, Mendon Capital Advisors & Burnham Asset Management, and Jeffery Harte, Sandler O'Neill, weigh in.
The financial sector stands within a whisker of recapturing the mantle as the $17 trillion U.S. stock market's heaviest hitter.
Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.
Prosecutors and the investment firm SAC Capital agreed to a protective order that requires it to keep its money in its fund while operating under a criminal indictment.
Wells Fargo must face lawsuits by homeowners who claim it refused to offer them mortgage modifications for which they had qualified, a federal appeals court ruled on Thursday.
The trader at the center of JPMorgan's $6.2 billion trading loss will not face U.S. charges related to the incident, a source familiar with the matter said on Thursday.
Bulls must maintain a key level of the S&P 500 if they hope for another surge, said Art Cashin, director of floor operations at UBS Financial Services.
JPMorgan, the biggest U.S. bank by assets, said it is being investigated by civil and criminal divisions of the Justice Department over offerings of mortgage-backed securities.
Deutsche Bank pulled the plug on its global commodities trading business, cutting 200 jobs as it becomes the first major bank to exit the sector.
A US judge is considering an alternative that could result in Bank of America paying much less than the $863.6 million the government is seeking.
The retail sector has become competitive in Canada, says Ed Clark, TD Bank Group CEO and president. As for TD Bank, Clark says the market has gotten past its "soft" insurance and wholesale business performance.