The chairman of a U.S. congressional committee subpoenaed Fed documents and communications related to a 2012 leak of information.» Read More
ICAP, the world's largest interdealer broker, has been fined $87 million by regulators over its role in the Libor rate rigging scandal.
JPMorgan Chase is seeking a global settlement with U.S. government authorities over its mortgage practices in multiple jurisdictions.
JPMorgan Chase, is negotiating a multibillion-dollar settlement with state and federal agencies over the bank's sale of troubled mortgage securities to investors in the run-up to the financial crisis. The New York Times reports.
Settlement talks have resumed, but a US Attorney for the Eastern District of California spokesperson said there won't be an announcement today.
Morgan Stanley and Citigroup are among the strongest picks right now in the financial sector, CLSA bank analyst Mike Mayo says.
Building off August investigations, the U.S. Justice Department plans to sue JPMorgan Chase over mortgage bonds it sold before the financial crisis, reports Reuters.
JPMorgan says July and August saw a "greater than normal" drop off in trading volume. CNBC's Kayla Tausche reports bank analysts are sounding the alarm ahead of earnings.
Prudential Financial said U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight.
After traders at JPMorgan caused a multibillion-dollar loss, authorities imposed fines on the bank and shifted scrutiny of senior management.
The bank sent 60-day notices of displacement to 1,800 employees across the country, citing a slowdown in activity throughout 2012 and early 2013.
JPMorgan will settle with regulators for nearly $1 billion for the London Whale trading fiasco and other lapses, the Federal Reserve says.
Bob Steel, Deputy Mayor of New York City and former Wachovia CEO, discusses economic development in the Big Apple.
Jimmy Dunne, Sandler O'Neill, and Stanley Druckenmiller, Duquesne Capital Management former chairman discuss how Sandler O'Neill was not only able to survive but thrive after the 9/11 tragedy. And Druckenmiller discusses the long-term consequences of the nation's enormous debt load on entitlement programs.
In an wide-ranging exclusive interview, CNBC's Andrew Ross Sorkin talks with Lloyd Blankfein, Goldman Sachs chairman & CEO, about cuts in the Fed's bond-buying program; the move higher in interest rates; the trade in gold; the best candidate to head the Fed; joining the Dow, and how regulations are impacting the banking industry.
U.S. prosecutors are still investigating JPMorgan's London Whale" trading scandal for potential criminal wrongdoing.
It's "incredible that the 'London Whale' himself ... got a deal from the government," a defense attorney says.
Citigroup must pay $3.1 million to a couple who alleged the firm didn't supervise a broker who steered them to investments that went broke.
JPMorgan Chase is close to settling investigations into its "London Whale" derivatives loss and expects to pay about $700 million.
It is the 5 year anniversary since the collapse of Lehman Brothers. CNBC's Kayla Tausche discusses how similar the banks of today are to those of 2008. The "Fast Money" traders share lessons they've learned since the collapse. And Jon Najarian weighs in on the trading glitch in the Nasdaq options market.
JPMorgan Chase is close to reaching settlements of roughly $800 million in fines related to its London Whale trading loss.
The chairman of a U.S. congressional committee subpoenaed Fed documents and communications related to a 2012 leak of information.
Market strategist favors the financials.
After the record bank fines in the forex-trading scandal, here's what needs to happen now, says Warwick Dean and former forex trader Mark Taylor.