Hedge fund profits have dropped because of poor returns in 2014, Citigroup said in a report on Thursday.» Read More
Mohamed El-Erian is moving into the peer-to-peer industry after agreeing to take an equity stake in a new lender.
New York Fed president William Dudley, dressed down some big financials firms saying it is imperative for banks to improve Wall Street's culture. CNBC's Mary Thompson reports the details.
The European Central Bank is considering buying corporate bonds on the secondary market, deciding as soon as December.
Bill Gross's new employer saw a 7 percent increase in short interest in the past month, according to new data.
A legal battle between Goldman Sachs and the Libyan sovereign wealth fund could have more permanent repercussions for the banking industry, experts have told CNBC.
Saudi Arabia's biggest lender is gearing up for what is expected to be this year's second-biggest IPO - and possibly the most controversial.
CNBC's Kayla Tausche discusses how this week's trade impacted the financial sector and loan growth.
Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.
Blankfein explained that he thinks the Fed's cautious strategy has proven to be the right one.
Bank of America Chairman and Chief Executive Brian Moynihan has been quietly retooling the bank while working to end legal problems.
Addressing the global selloff, CNBC's Jim Cramer and David Faber discuss how Ebola and the AbbVie-Shire break down caused pain in the market.
The selloff in stocks might offer a chance to pick up promising bank stocks, Triogem Asset Management's Tim Seymour says.
CNBC's Kayla Tausche explains why the financial sector's risk is off in today's trade.
Despite better-than-expected results from many banks, financials was the worst-performing sector on Wednesday morning.
"I'm pretty optimistic here because of this meltdown," BlackRock CEO Laurence Fink told CNBC.
The bulk of a new type of allowance paid to bankers are in breach of the European Union's bonus cap.
BofA was helped by better-than-expected credit, expenses, and trading revenues, a banking analyst told CNBC.
After a worker mass emails a raise request for Wells Fargo employees, the company's CFO responds to CNBC.
Wells Fargo's CFO John Shrewsberry addresses a recent company-wide email by an employee asking for a raise.
John Shrewsberry, Wells Fargo CFO, reacts to the company's quarterly earnings and discusses how the bank is set up for the coming period.
Deutsche Bank has posted its fourth quarter earnings. Dirk Becker, deputy head of German research at Kepler Cheuvreux, says the bank did "incredibly well."
As SEB posts its Q4 earnings, CFO Jan Erik Back says that despite them being below forecast, he's pleased with the "strong result."
Two of the world's leading investment banks are looking at a move into the fast expanding peer-to-peer lending sector. The Financial Times reports.