Britain's Lloyds Banking Group confirmed on Friday that it was close to agreeing a settlement over allegations of manipulating benchmark interest rates.» Read More
Prudential Financial said U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight.
After traders at JPMorgan caused a multibillion-dollar loss, authorities imposed fines on the bank and shifted scrutiny of senior management.
The bank sent 60-day notices of displacement to 1,800 employees across the country, citing a slowdown in activity throughout 2012 and early 2013.
JPMorgan will settle with regulators for nearly $1 billion for the London Whale trading fiasco and other lapses, the Federal Reserve says.
Bob Steel, Deputy Mayor of New York City and former Wachovia CEO, discusses economic development in the Big Apple.
Jimmy Dunne, Sandler O'Neill, and Stanley Druckenmiller, Duquesne Capital Management former chairman discuss how Sandler O'Neill was not only able to survive but thrive after the 9/11 tragedy. And Druckenmiller discusses the long-term consequences of the nation's enormous debt load on entitlement programs.
In an wide-ranging exclusive interview, CNBC's Andrew Ross Sorkin talks with Lloyd Blankfein, Goldman Sachs chairman & CEO, about cuts in the Fed's bond-buying program; the move higher in interest rates; the trade in gold; the best candidate to head the Fed; joining the Dow, and how regulations are impacting the banking industry.
U.S. prosecutors are still investigating JPMorgan's London Whale" trading scandal for potential criminal wrongdoing.
It's "incredible that the 'London Whale' himself ... got a deal from the government," a defense attorney says.
Citigroup must pay $3.1 million to a couple who alleged the firm didn't supervise a broker who steered them to investments that went broke.
JPMorgan Chase is close to settling investigations into its "London Whale" derivatives loss and expects to pay about $700 million.
It is the 5 year anniversary since the collapse of Lehman Brothers. CNBC's Kayla Tausche discusses how similar the banks of today are to those of 2008. The "Fast Money" traders share lessons they've learned since the collapse. And Jon Najarian weighs in on the trading glitch in the Nasdaq options market.
JPMorgan Chase is close to reaching settlements of roughly $800 million in fines related to its London Whale trading loss.
Former Merrill Lynch CEO John Thain told CNBC that "too big to fail" banks are still a problem for markets.
John Thain, CIT Group chairman & CEO, shares his thoughts on the 5-year anniversary of the financial crisis and what needs to be done to prevent it from occurring again.
Foreign banks are pushing to raise billions of dollars from expatriate Indians in response to New Delhi's drive to defend its weak currency.
Op-ed: Five years after Lehman Brothers, big pillars of reform are still not in place and five years from now, we could find ourselves in another financial crisis.
So much of the Dodd-Frank Act is left undone, says Gary Parr, Vice Chairman at Lazard, sharing his thoughts on what still needs to get done five years after the financial crisis.
Pimco and BlackRock bought about $13 billion of the debt Verizon sold in its record bond offering, the Wall Street Journal reported.
Richard Kovacevich, former Chairman & CEO of Wells Fargo, provides his thoughts on how the government handled the financial crisis five years ago, and why he thinks the TARP program actually made the crisis worse.
Britain's Lloyds Banking Group confirmed on Friday that it was close to agreeing a settlement over allegations of manipulating benchmark interest rates.
The SEC said it had charged Morgan Stanley with misleading investors about mortgage-backed securities it issued before the financial crisis.
BofA has agreed to pay $16.6 M to resolve allegations that it processed drug trafficker monies subject to sanctions.