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
The $6.6 billion bailout of Portugal’s largest bank poses a warning on exposure to “fragile” emerging markets, analysts have cautioned.
Evercore Partners said it plans to acquire the operating business of ISI International Strategy & Investment.
Banking giant HSBC was accused of racism this week after it moved to close the accounts of several Muslim organizations across the UK.
CNBC's Josh Lipton speaks to PayPal co-founder and serial entrepreneur Max Levchin, about his new lending service start-up Affirm, an alternative to banks for lending.
House Oversight and Government Reform Committee chairman, Rep. Darrell Issa, (R- Calif.), discusses if Congress will reauthorize the Ex-Im Bank. Issa says regulating and making the Ex-Im Bank honest transparent will help promote the banks confidence.
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Banks may have repaired their balance sheets but we're still waiting for any notable shift in their culture, according to a market commentator.
Britain's Lloyds Banking Group confirmed on Friday that it was close to agreeing a settlement over allegations of manipulating benchmark interest rates.
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The drama at Portuguese lender Banco Espirito Santo (BES) resumed on Thursday with a former CEO of the bank being held by police in Lisbon.
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The U.S. unit of German lender Deutsche Bank suffers from ongoing financial reporting problems, according to a report in the Wall Street Journal.
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CIT Group is buying regional bank OneWest Bank in a $3.4 billion cash-and-stock deal.
Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold.
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.
Trading firms raised concerns about traders at Barclays' "dark pool" months before the U.S. accused the bank of favoring its trading clients.
One of the biggest private equity investors in the banking sector has warned that regulation has depressed profitability, the FT reports.
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."