CNBC's Josh Lipton speaks to PayPal co-founder and serial entrepreneur Max Levchin, about his new lending service start-up Affirm, an alternative to banks for lending.» Read More
Banks have been accused of foreclosing on homeowners because they failed to maintain mortgage paperwork. Now there are signs the same problem hurts mortgage bond investors too.
Historically speaking, the list of winners is short and the list of losers long in a rising interest rate investing climate.
CNBC's Kayla Tausche reports on one of the top market leaders in 2013. Thomas Lee, JPMorgan; Jim McDonald, Northern Trust; Barbara Reinhard, Credit Suisse; Gary Thayer, Wells Fargo Advisors; and David Bianco, Deutsche Bank, discuss whether rising rates will help financials.
JPMorgan Chase last Friday announced a nationwide round of job cuts in its mortgage servicing unit that would eliminate roughly 1,800 jobs, CNBC has learned.
Cyclicals are heating up as the summer approaches and the economy starts to show signs of improvement, analysts say.
J Sainsbury, Britain's No. 3 supermarket chain, met forecasts for underlying sales growth in its first quarter, outperforming major rivals.
The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank is paying "great attention" to euro zone inflation.
The average "overdrafter" spends $225 in annual fees, according to the Consumer Financial Protection Bureau, reports CNBC's Kayla Tausche. Richard Hunt, Consumer Bankers Association, and Susan Weinstock, Pew Charitable Trusts, discuss.
The BOJ will consider taking further steps to curb any spike in bond yields when it debates policy on Tuesday, with the recent market turbulence threatening its stimulus plan.
Analysts are becoming divided on what to do with shares of Morgan Stanley after the stock's sharp run-up this year.
The hedge fund SAC Capital received between $2 billion and $3 billion in requests from investors for the return of capital last week, say people familiar with the matter.
Amid a government probe on insider trading that threatens potential criminal charges against founder Steve Cohen, SAC Capital underperformed the market last month.
Summer travelers are being bombarded with offers from travel insurance providers. Here's how to know when a policy makes sense for you.
Despite cooling of talks between Austria and Poland about a possible merger of their two stock exchanges, CEO of the Warsaw index has given his strongest hint yet that a deal is drawing closer.
Being designated "too big to fail" will bring new discipline to AIG, CEO Robert Benmosche told CNBC.
Investors looking for emerging market growth rates should look to the central United States, Meredith Whitney told CNBC.
Deutsche Bank's co-CEO Anshu Jain told CNBC he's cautiously optimistic about the health of the global economy but worries about regulatory 'balkanization.'
A day after a crucial deadline for withdrawals, traders and money managers are still waiting for details on how much capital the hedge fund has lost.
The Fed's tapering program and new regulations are two issues critical to the financial industry in the coming months, reports CNBC's Mary Thompson.
A deposit outflow would reverse a five-year trend of large amounts of cash pouring into banks thanks to the Fed, the FT reports.
Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.
Swiss bank Credit Suisse became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.