Charles Schwab has lost a case against Morgan Stanley, accusing it of improperly recruiting brokers from a Schwab San Francisco branch.» Read More
Gary Parr, Lazard vice chairman, gives his perspective on the complexity of the "Volcker Rule" and talks about the future of Wall Street.
Paid in the form of various assistance programs, the funds are in effect a subsidy to the banking industry, The Washington Post reported.
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.
CNBC's Seema Mody and Dominic Chu take a look at valuation levels in the tech and financial sectors.
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.
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.
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.
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.
The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.
A number of banks, including JPMorgan Chase and four others, were struck by hackers in a series of coordinated attacks this month.
Patrick Kaser, Managing Director and Portfolio Manager of Brandywine Global, likes U.S. energy and technology shares, along with financials which are poised to benefit from a rise in interest rates.