Banking giant HSBC was accused of racism this week after it moved to close the accounts of several Muslim organizations across the UK.» Read More
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.
JPMorgan Chase has agreed to pay $4.5 billion to settle claims by 21 major institutional investors who lost money on mortgage-backed securities.
Regulators are zeroing in on the mega-asset managers, which have largely been absent from the recession blame game—until now.
Influential CLSA analyst Mike Mayo has criticized Bank of America and its leadership for "unfocused strategy and muddled metrics."
Bank of America asks federal court to drop two government suits accusing it of defrauding investors during the financial crisis.
RSA Insurance said on Friday it had suspended the top executives of its Irish business while it investigates certain issues.
Goldman Sachs is being investigated over its currency trading activities, the biggest U.S. investment bank said in a regulatory filing Thursday.
Bank of America CEO Brian Moynihan told CNBC that consumer health and credit quality are both improving.
SAC Capital says it will manage only the capital belonging to founder Steve Cohen, his relatives and certain employees.
The underperformance of this critical sector could indicate trouble for the S&P 500.
Zurich Insurance said investigations found no indication that the company's former CFO who committed suicide suffered any "undue pressure."
A deal has been reached to settle the landmark insider-trading case against SAC Capital Advisors, people familiar with the matter said.
Even as the euro zone shows faint signs of stirring, the ECB is likely to send a dovish message that more monetary help will be on the way.
Warren Buffett's Berkshire Hathaway posted a 29% jump in third-quarter profit, but operating results fell short of analyst forecasts.
US banks will have to test whether they can survive a halving of the stock market during a severe recession, the Federal Reserve said on Friday.
Mary Mack, Wells Fargo, discusses the state of the retail investor, how she plans to grow the business and the most "underrepresented class" in the investor base, reports CNBC's Kayla Tausche.
Hammered by their role in the 2008 crisis and the rigging of the LIBOR, the global banking sector looks set to take another battering.
Duncan Farr, banks specialist at Macquarie Group, says it will be tough for Banco Espirito Santo to raise the required fresh capital it needs.
Royal Bank of Scotland said that an independent Scotland could significantly increase its costs and have a material impact on its business.
Erin Davis, senior equity analyst at Morningstar, discusses Lloyd's Banking Group's results and says that while the bank will probably pay a very small dividend in 2014, it will then "quickly ramp it up".