All 31 banks passed the first round of the Fed's stress test. Mike Mayo, CLSA bank analyst, weighs in.» Read More
Warren Buffett's annual letter strongly criticized the financial industry, who took notice of his warnings, the NYT reports.
Citigroup said it has agreed to sell its consumer finance unit OneMain Financial to subprime lender Springleaf for $4.25 billion in cash.
Genworth Financial said on Monday it has identified material weakness in its accounting.
Ukraine came under greater economic pressure after unexpectedly banning most currency trading and then abruptly reversing course.
Recent hits to American Express highlight its flaws, a market strategist said, but another pro sees opportunity in its struggles.
Anthem said 8.8 million to 18.8 million people who were not its customers could be victims in the attack.
The expense of teller transaction and popularity of online banking leads company to cut brick-and-mortar locations.
Stifel Financial's purchase of Sterne Agee is about becoming more relevant to clients, CEO Ron Kruszewski tells CNBC.
Stifel Financial announces the acquisition of Sterne Agee. Details, with CNBC's Dominic Chu.
There's a new mortgage crisis brewing — only this one is completely different than the one in 2008, says bank analyst Dick Bove.
Ocwen Financial said it would sell a portfolio of residential mortgage servicing rights worth $9.8 billion to Nationstar Mortgage Holdings.
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.
New York City has created more jobs over the past 5 years than during any 5-year period in the last 50. What's missing? Wall Street. NYT reports.
In a report to be published on Monday, Kaspersky Lab says hackers stole millions from more than 100 banks and other institutions in 30 nations.
The US market rally continued Friday as US stocks kept rising on European numbers and easing China regulations.
Albert Essien, CEO of Ecobank, talks about the biggest challenges the bank faces, and investment opportunities in Africa.
The first round of U.S. banks stress tests show that all 31 banks have passed. John Blank, chief equity strategist at Zacks Investment Research, weighs in with his reaction.
All 31 banks have passed the first round of the Federal Reserve's stress tests. Cole Smead, managing director & portfolio manager at Smead Capital Management, discusses whether its time to get bullish on banks.