Four years after the Dodd-Frank was signed into law, its co-authors said it was doing its job, but isn't the last chapter on reform.» Read More
Citigroup said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability.
Investors in the euro should tread with caution, Geoffrey Yu, FX strategist at UBS told CNBC on Friday, warning that concerns over political stability in some of the euro zone's biggest countries could send the currency sharply lower again.
The European Commission suspects the existence of cartels involved in manipulating Libor and Euribor, the EU's antitrust chief said in a speech on Friday.
A court in Rome ruled on Thursday the Italian government's plan to lend 3.9 billion euros to troubled lender Banca Monte dei Paschi di Siena can go ahead. The Rome administrative court will make its decision public on Friday.
Australia's central bank governor said on Friday there is already a good deal of interest rate stimulus in the economy, but reiterated the bank could lower rates further if needed.
This banking stock has doubled this year and options traders are betting the momentum will continue.
The UBS Libor settlement swings the spotlight on to the role of interdealer brokers in the burgeoning scandal, alleging that employees at these institutions actively "colluded" with rate-fixing efforts.
Barclays' trading activity has slumped after it was accused of misleading its customers and giving an unfair edge to high-speed traders.
Four years after the Dodd-Frank was signed into law, its co-authors said it isn't the last chapter on reform.
On the four-year anniversary of Dodd-Frank, perhaps there is a lesson big banks can learn from smaller, regional banks, says Dan O'Donnell.