CNBC's Kayla Tausche reports Citi will cut the prior quarter's earnings by $0.20 per share to $2.8 billion due to "rapidly evolving regulatory inquiries."» Read More
British lawmakers approved banking reforms aimed at retail and investment activities which led to the near collapse of the country's financial sector.
Jordan Waxman, HighTower managing director, and Chris Hyzy, U.S. Trust managing director and CIO, discuss market momentum, the taper and international investing.
Former Swiss banker Raoul Weil is looking forward to confronting U.S. charges for allegedly helping rich Americans avoid tax, according to his lawyer.
Discussing Bank of America's bullish forecast for 2014, Savita Subramanian, Bank of America Merrill Lynch head of U.S. equity & quantitative strategy, explains why she expects appreciable gains next year.
The "Squawk on the Street" news team discuss the financial sector, the budget deal and if now is the time to take your gains for the year.
Tom Naratil, UBS CFO, explains how the Federal approval of the Volcker Rule is likely to impact the financial sector. Naratil says his company actually adopted some of the changes a few years early.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
CNBC's Bob Pisani and David Nelson, Belpointe Asset Management chief strategist, discuss QE and if market momentum will continue into 2014.
"The benefit of the great American growth story is through equities," Charles Schwab says.
In an exclusive CNBC interview, Charles Schwab, chairman of the eponymous firm, discusses its accountability guarantee, as well as retail investors and bitcoin.
The first Swiss banks have signaled their readiness to work with U.S. officials in a crackdown on wealthy Americans evading taxes.
CNBC's Eamon Javers breaks down the 5 key exemptions of the Volcker Rule, including underwriting and risk mitigated hedging.
In an exclusive CNBC interview, Kenneth Jacobs, Lazard, chairman & CEO discusses the financial crisis, the global economy and CEO confidence. Jacobs says, "CEO confidence is a factor of the real economy." CNBC's Kayla Tausche reports.
Discussing the Volcker Rule and the improvements made to make the legislation stronger, with CNBC's Rick Santelli and Sheila Bair, former chair of the FDIC.
The FDIC has voted unanimously to approve the Volcker Rule. CNBC's Eamon Javers details the compliance issues.
CNBC's Kate Kelly reports on the Volcker Rule legislation and the new reporting requirements banks will now face.
CNBC's Kate Kelly reports on the Volcker Rule briefing and what advantages and disadvantages it holds for banks.
Anton Schutz, Mendon Capital Advisors president & CIO, and Jeffery Harte, Sandler O'Neill principal, discuss the Volcker Rule and what legal challenges could arise.
CNBC's Eamon Javers details the five key exemptions under the Volcker Rule. Regulators from the FDIC and Federal Reserve are expected to vote to approve the legislation which would ban banks from proprietary trading.
CNBC's Kayla Tausche has the numbers on how much it will cost the big bank to cover its legal fees, which includes $14 billion of reserves to handle litigation issues.
A small Michigan company that runs the website for JPM's annual race played a role in helping discover cyberattack, The New York Times reports.
Major investment banks are buffering their foreign exchange settlement funds.
CNBC's Kayla Tausche reports Citi will cut the prior quarter's earnings by $0.20 per share to $2.8 billion due to "rapidly evolving regulatory inquiries."