Banking giant HSBC was accused of racism this week after it moved to close the accounts of several Muslim organizations across the UK.» Read More
Wall Street has been too bearish on several key financial stocks this quarter, CNBC's Jim Cramer said, and short sellers are the latest victims of these "horrendous" trades.
These two stocks have been underloved by the market for too long, and now shorts will have to rethink their position, said Jim Cramer.
Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell. Today, Cramer explains why he is keeping an eye on banks.
Christine Short, global markets intelligence senior manager at S&P Capital IQ, expects financial and consumer discretionary stocks to be the big winners of this U.S. earnings season.
Greece's bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche Greece's bailout.
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.
Dollar-denominated bonds holders at Bulgaria's Corpbank are gearing up for legal action against the government if the bond defaults.
The Economist Correspondent Haley Cohen provides insight to Argentina's second debt default in 13 years.
The head of CFTC pledged he would be a tough cop now that the agency has finished a raft of rules to oversee the $710 trillion global swaps market.