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
Cramer has been skeptical of the financials lately. However, he's not skeptical of all financials.
The financial sector touched nearly a 5-time high today after better than expected earnings from Wells Fargo and JPMorgan. Discussing options actions is Brian Stutland, Stutland Volatility Group.
Jamie Dimon tells CNBC he wouldn't have left JP Morgan Chase "high and dry" if the board had voted to split his chairman and CEO roles, despite reports that he had planned to leave.
Tax services provider H&R Block said it will sell its banking assets to a unit of Republic Bancorp as it looks to avoid a sharp rise in costs because of stricter banking rules.
Elizabeth Warren, (D-MA), defends the 21st Century Glass-Steagall Act, her bill designed to rein in too-big-to-fail banks.
Wal-Mart Stores will sell Twinkies in all of its domestic U.S. stores starting at midnight on July 14th—a day earlier than when Hostess snacks rolls out all its products.
"I think Wells Fargo reported a great quarter," said David Hilder, Drexel Hamilton analyst, providing perspective on the big bank's earnings beat, as shares slipped before the opening, following the news.
"For the life of me, I do not understand... why anyone would want to recreate the very companies that caused the past financial crisis," declared Dick Kovacevich, former chairman & CEO at Wells Fargo, sharing his views on breaking up big banks and the future of financial institutions.
Bart Chilton of the Commodities Futures Trading Commission explains why he is pushing for new regulation of banks doing business overseas.
JPMorgan reported a 31 percent rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another "London Whale" derivatives loss.
Christopher Whalen, Carrington Investment Services, provides perspective on pending bipartisan legislation that would separate traditional banking activity from riskier financial services. Also a look at how the financial sector will fare in the third quarter.
King Lip, CIO of Baker Avenue Asset Management is bullish on U.S. financials especially JP Morgan. David Kuo of the Motley Fool Singapore joins in the discussion.
Weak trade data has led Lombard Street Research to warn that China could shock markets with a quarter-on-quarter contraction in GDP.
When a UBS client sold a business for more than $100 million in proceeds, the client's broker offered to help guide him with a financial road map—for a fee of $50,000.
JPMorgan Chase made mistakes while suing credit card customers over non-payments, The Wall Street Journal reported, citing an internal review.
Jay Sidhu, Customers Bancorp chairman & CEO, explains why he thinks the U.S. economy is not likely to improve anytime soon, despite the Fed's bond-buying program and interest rate strategy.
The U.S. financial risk council said it has designated AIG and GE Capital as systemically risky, bringing them under stricter regulatory oversight.
The private banking sector is showing improving signs of life as new money flowing into the sector sees a significant rebound, with UBS once again taking the top spot in a global poll of wealth managers.
Wilbur Ross, the U.S. billionaire who has made 65 percent profit on his 2011 investment in a struggling Bank of Ireland (BOI), said he is likely to bid for financial assets in Spain.
Another major investor will be suing the government to protect its rights as a preferred shareholder in government-sponsored entities Fannie Mae and Freddie Mac.
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.