Improvement in the economy and more lending will provide a noticeable boost for financials, a fund manager said.» Read More
In recent months, SAC's portfolio managers have been talking in earnest, both with management and among themselves, about how converting to a so-called family office would work.
Banks are making more of their car loans to subprime borrowers as delinquencies fall and as auto manufacturers' finance subsidiaries draw more-reliable customers.
Bank of America launched on Tuesday an up to $1.5 billion share offering in China Construction Bank, in a bid to shore up its own balance sheet.
The Seychelles islands in the Indian Ocean, better known for their pristine beaches and crystal clear waters, are the most indebted nation in the world, according to a new report released on Monday.
Banks are increasingly rolling out new fees for what was once at the core of the banking experience: interacting with a teller.
As more people bank online, banks have been experimenting with charges for "premium services," which now include seeing a bank teller, reports CNBC's Kayla Tausche. Neil Weinberg, American Banker editor-in-chief, provides perspective.
Want to do business at your bank in person? CNBC's Kayla Tausche reports it could cost you.
A former employee of Goldman Sachs Group was fined $500,000 for defrauding the investment bank in December 2007 by hiding trading positions, the U.S. derivatives regulator said on Friday.
Will next month's employment report determine the magnitude of the Fed's pullback in its bond-buying program? Krishna Memani, Oppenheimer Funds, and Michelle Girard, RBS senior economist, provide a preview of likely economic activity ahead.
Shares of TD rose today after reporting better than expected earnings. Ed Clark, CEO and president of TD Bank, discusses talks of merging branches to cut costs. "TD is putting a number of new branches in NYC, and we set a target by 2016 that we'll be the number 3 bank there" he says.
Royal Bank of Canada is up 1 percent today after increasing its dividend by 6 percent. CEO Gordon Nixon joins to discuss a successful Q3 and what is next for the Canadian bank.
The $60 trillion "shadow banking" sector has been given until 2015 to comply fully with its first set of global rules.
CNBC's Hampton Pearson has the latest numbers on bank earnings.
U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.
Blackstone Group agreed to pay $85 million to settle an investor class action lawsuit accusing it of not disclosing bad investments before its initial public offering.
Brazil raised its benchmark interest rate to a 16-month high of 9 percent on Wednesday, maintaining the pace of monetary tightening to fight inflation and rebuild investors' confidence in Latin America's largest economy.
As U.S. authorities are seeking over $6 billion in damages from JPMorgan, the "Squawk on the Street" team dissects the implications for America's largest bank.
U.S. federal regulators on Wednesday will unveil a reworked proposal aimed at reducing risk in the mortgage market and limiting shoddy underwriting practices.
A top litigation lawyer for JPMorgan Chase is leaving the bank as it faces mounting regulatory headaches, lawsuits and investigations, sources tell The Wall Street Journal.
Closely watched financial analyst Dick Bove cut his rating on JPMorgan Chase on Monday, citing an atmosphere of regulatory "McCarthyism" surrounding the company.
U.S. regulators took aim at financier Lynn Tilton and her advisory business on Monday, saying she defrauded investors.
Josh Klaczek, head of Asia financials research at JPMorgan, talks about Asian stocks and the banking sector -- in particular China and the People's Bank of China.
Matthew Phan, analyst, Asia-Pacific Banks at CreditSights, says rising impairment costs will pressure the profits of Chinese lenders.