Goldman will pay $7 million to resolve charges stemming from a programming error that caused the stock options market to be flooded with errors.» Read More
Goldman Sachs has raised the top end of its estimate of "reasonably possible" legal losses to about $3 billion from $2.5 billion.
President Obama is pushing for a new rule that would require brokers to follow tighter standards when advising clients on retirement plans.
HSBC's shares fell over 4 percent after the bank reported that profits fell to a worse-than-expected $18.7 billion in 2014.
Citigroup cut CEO Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.
Virtu Financial is taking steps to file a revised IPO prospectus after delaying a debut last year, Dow Jones reported.
Indonesia's central bank surprised markets by cutting its benchmark interest rate on Tuesday by 25 basis points.
The US market rally continued Friday as US stocks kept rising on European numbers and easing China regulations.
Carl Icahn thinks Apple is already worth over $1 trillion but others think it will take a while for the iPhone maker's stock value to get there.
Bank inquiries have become a “way of life” in the UK, S&P says, after British lawmakers said they planned to investigate HSBC over tax evasion claims.
The ECB's massive QE program may only be of small help to the euro zone's banks, but could boost other sectors like real estate.
The Justice Department is pushing some of the biggest banks on Wall Street to plead guilty to charges that they manipulated foreign currency prices.
Big U.S. banks say that a proposed Fed rule on higher capital requirements would penalize them if the dollar remains strong against the euro.
JPMorgan Chase's hiring of the son of a Chinese commerce minister is being scrutinized by investigators looking at whether the bank improperly hired relatives of government officials to win influence and business.
Financials are the worst of the ten S&P macro sectors this year, down 3.5 percent. David Katz, Matrix Asset Advisors CIO, sees this dip as an opportunity.
Aetna raised its 2015 forecast for operating earnings after enrollment increased 6 percent last year.
Ally Financial named Jeffrey Brown, the company's head of dealer financial services, as chief executive, effective immediately.
Standard & Poor's reached a deal with California's public pension system to resolve a case involving inflated grades of residential mortgage deals.
The euro zone's biggest bank, Santander, on Tuesday posted a nearly 70 percent jump in fourth quarter profit from a year earlier.
There was good news for U.K. businesses on Monday, after an influential economic group said a long-awaited uptick in lending would start this year.
A deal on extending Greece's bailout deal must be found by the end of February or the ECB will not be able to continue lending to its banks, ECB council member Erkki Liikanen said.
Goldman will pay $7 million to resolve charges stemming from a programming error that caused the stock options market to be flooded.
Senate Majority Leader Mitch McConnell says the supporters of the Export-Import Bank have the votes to revive it.
Christopher Wheeler, U.S. bank analyst at Atlantic Equities, says the execution of a cost-cutting plan will be the main challenge for Deutsche Bank's new CEO John Cryan.