CNBC's Kayla Tausche reports Citi will cut the prior quarter's earnings by $0.20 per share to $2.8 billion due to "rapidly evolving regulatory inquiries."» Read More
U.S. banks have given a proposal to regulators on how to pay for restructuring in the event of a future crisis, the Wall Street Journal reported.
Swiss bank UBS will surrender its Indian banking license and close its banking unit, covering fixed income, forex operations and credit services, a source with direct knowledge of the matter told Reuters on Saturday.
Europe failed to agree on how to share the cost of bank collapses on Saturday, as Germany resisted attempts by France to water down rules designed to spare taxpayers in future crises.
There may be more trouble on the horizon for the big banks if some regulators get their way with rumored new capital requirements. CNBC's Kayla Tausche, offers insight.
Potential new regulations have the banking sector in retreat, reports CNBC's Kayla Tausche.
Morgan Stanley chief James Gorman tells CNBC that this week's stock drop on Federal Reserve taper talk is an overreaction and investors shouldn't let market fear take over.
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.
A small Michigan company that runs the website for JPM's annual race played a role in helping discover cyberattack, The New York Times reports.
Major investment banks are buffering their foreign exchange settlement funds.
CNBC's Kayla Tausche reports Citi will cut the prior quarter's earnings by $0.20 per share to $2.8 billion due to "rapidly evolving regulatory inquiries."