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
Ally Financial is in discussions with investors to raise capital that would help the once-troubled lender clear the Federal Reserve's capital bar, said sources.
U.S. Attorney Preet Bharara answers questions in regards to the charges to the ex-JPMorgan traders in connection with the "London Whale" case.
U.S. Attorney Preet Bharara addresses the charges for two former JPMorgan employees in regards to the $6 billion "London Whale" case. "This was a perfect storm of misbehavior and inadequate internal controls," he says.
Global fund managers are more optimistic on the world economy, and optimism about the euro zone doubled in the last month to a nine-year high.
The housing boom in Canada has allowed banks to reduce capital held against mortgage losses. If home prices decline, some of the biggest banks may feel the pinch.
Dick Bove, the bank analyst and vice president of equity research at Rafferty Capital, said investors should be buying financial stocks "very aggressively."
Is there plenty of upside momentum left? Anton Schutz, Mendon Capital Advisors & Burnham Asset Management, and Jeffery Harte, Sandler O'Neill, weigh in.
The financial sector stands within a whisker of recapturing the mantle as the $17 trillion U.S. stock market's heaviest hitter.
Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.
Prosecutors and the investment firm SAC Capital agreed to a protective order that requires it to keep its money in its fund while operating under a criminal indictment.
Wells Fargo must face lawsuits by homeowners who claim it refused to offer them mortgage modifications for which they had qualified, a federal appeals court ruled on Thursday.
The trader at the center of JPMorgan's $6.2 billion trading loss will not face U.S. charges related to the incident, a source familiar with the matter said on Thursday.
Bulls must maintain a key level of the S&P 500 if they hope for another surge, said Art Cashin, director of floor operations at UBS Financial Services.
JPMorgan, the biggest U.S. bank by assets, said it is being investigated by civil and criminal divisions of the Justice Department over offerings of mortgage-backed securities.
The government's success in the trial of Fabrice Tourre may mean that Bank of America will have a tough time defending itself against new charges of fraud.
French bank Natixis posted second-quarter profit and revenue that beat estimates on Tuesday, after rival Credit Agricole reported results that also topped forecasts.
The CME Group paused trading in some Treasury contracts shortly before the jobs report on Friday after big orders hit the market.
AIG stock is surging in after-hours trading after the company announced it would resume paying a dividend and would start buying back stock.
Standard and Poor’s has been giving higher ratings than its big rivals to certain mortgage-backed securities, an analysis shows.
Fredrik Nerbrand, head of global asset allocation at HSBC, discusses the dichotomy between European regulators' push for "safer" banks, while also wanting them to lend more.
Brazil is freeing up more than $20 billion in its banking system as its economy struggles to escape "stagflation". The FT reports.
"Ace" Greenberg, the Wall Street legend behind Bear Stearns' during its rise and collapse, is dead at 86. NYT reports.
A Citigroup unit will pay $5 million to settle charges that one of its trading venues failed to protect clients' trading data.