China’s booming shadow banks needs scrutiny, the IMF said on Wednesday, shortly after an official from the Chinese central bank defended the sector.» Read More
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.
Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
JPMorgan Chase agreed to pay $410 million in fines to the Federal Energy Regulatory Commission, reports CNBC's Kate Kelly.
Tom Naratil, UBS CFO, breaks down his company's second quarter results and shares the big bank's plans to buy back a fund set up to shed toxic assets.
Despite contracting for the eight consecutive quarter in the second quarter of 2013, Spain's economy was signaling that it could return to growth soon, analysts said.
The Federal Energy Regulatory Commission said it has found cases where an affiliate of JPMorgan manipulated the electricity market. The two sides are reportedly in settlement talks.
JPMorgan is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of raw materials comes under unprecedented political and regulatory pressure.
The once-sleepy process of releasing economic data has quietly gotten a lot more complicated, and a lot more lucrative.
With the S&P 500 reaching new records and flirting with 1,700, data show it to be a broad-based move, with all 10 S&P sectors close to 52-week highs.
China’s booming shadow banks needs scrutiny, the IMF said on Wednesday, shortly after an official from the Chinese central bank defended the sector.
Mario Draghi is to push the ECB to buy bundles of Greek and Cypriot bank loans with "junk" ratings, the Financial Times reports.
CNBC's Michelle Caruso-Cabrera reports Russia's central bank does not plan to implement capital controls.