New York's Attorney General says there is more evidence that Bank of America, Wells Fargo and other banks violated the terms of a settlement designed to end mortgage abuses.» Read More
Major banks' stocks have been on a tear lately, but one analyst is wary of big challenges in the new year.
CNBC's Kayla Tausche reports on whether investors should expect more regulations and restructuring in the banking sector.
CNBC's Kayla Tausche reports low interest rates and regulations are putting pressure on bank stocks. Also, Brennan Hawken, UBS director of equity research, provides an outlook on the financial sector in 2013.
China faces rising risks in its banking sector and pressure on government revenue in 2013 while economic recovery could be hampered by weak external demand and domestic constraints, says Vice Finance Minister Li Yong.
Regions Financial is being investigated by the U.S. government for improperly accounting for nonperforming loans during the financial crisis.
There's a lot of pessimism on the Street. But if you're a glass half full person, Cramer's got a trade.
CNBC's Scott Wapner takes a look at one financial stock that has soared in 2012.
Former SAC Capital hedge fund manager Mathew Martoma was charged with three counts of conspiracy to commit securities fraud on Friday.
Private clients who have stood by UBS through repeated scandals will have their faith tested by the Swiss bank's admission of rate rigging, investors say.
After paying back the U.S. government, American International Group now wants to demonstrate financial strength and start expanding both its life and property and casualty businesses, CEO Robert Benmosche told CNBC.
The rush to buy guns comes in the wake of last Friday's massacre in Newtown, CT. Twenty year old Adam Lanza shot twenty children between the ages of six and seven, and six adults at Sandy Hook Elementary School.
Government-led privatization and reform programs will open up both state and privately owned Russian companies and will turn Russia into a"high-yielding market," according to one economist.
The Bank of Japan is expected to deliver its third dose of monetary stimulus in four months on Thursday in a prelude to more aggressive action next year, as it faces intensifying pressure from the country's next leader for stronger efforts to beat deflation.
The official U.K. Libor manipulation report points the finger at five banks for helping UBS rig the rate. So which banks were they?
This banking stock has doubled this year and options traders are betting the momentum will continue.
Dec 19- MetLife Inc, the largest U.S. life insurer, is in advanced talks to buy Banco Bilbao Vizcaya Argentaria SA's Chilean pension management unit, Bloomberg reported, citing three people with knowledge of the matter. MetLife could sign a deal for the unit- AFP Provida SA- which has a market value of more than $2 billion, within days or weeks, the report said.
*Oman becoming last country in GCC to introduce industry. DUBAI, Dec 19- Oman's central bank took a strict approach to regulating Islamic banking in rules for the sector which it released on Wednesday, setting higher standards for the industry than many other countries.
*Orix still in the running-sources. NEW YORK, Dec 19- Australia's Macquarie Group Ltd has emerged as the lead bidder to buy Robeco, the asset management arm of Dutch bank Rabobank NV, four people familiar with the matter said this week. The Netherlands' largest retail bank also received a bid from Japanese financial services firm Orix Corp for all of Robeco.
The UBS Libor settlement swings the spotlight on to the role of interdealer brokers in the burgeoning scandal, alleging that employees at these institutions actively "colluded" with rate-fixing efforts.
ZURICH Dec 19- Swiss bank UBS admitted fraud and accepted a $1.5 billion fine on Wednesday for its role in manipulating global benchmark interest rates. The penalty UBS agreed with U.S., UK and Swiss authorities far exceeds the $450 million levied on Britain's Barclays in June, also for rigging Libor, and the second largest ever imposed on a bank.
New York's Attorney General says there is more evidence banks violated terms of a pact designed to end mortgage abuses.
Louisa Bojesen takes you through the European market close, where stocks have come in lower.
AG Lafley is viewed as a legend not only at P&G but also within the corporate world, reports CNBC's Jackie DeAngelis. John Faucher, JPMorgan analyst, and Marian Moore, University of Virginia, weigh in.