The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi has warned.» Read More
The value of those loans will have to be written down even further, and bank profits are going to take a hit, the credit agency Moody's said in a report issued Friday. The loans on the balance sheets of the biggest banks on Wall Street— JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, Wells Fargo and Bank of America— represent only a small percentage of these...
If the Fed doesn't maintain its expected pace of raising interest rates, it's going to have an impact on Wall Street banks' balance sheets.
Former hedge fund manager Raoul Pal predicts several big European banks could be on the verge of bankruptcy.
One Wall Street analyst is bullish on Morgan Stanley stock, despite the shares' underperformance in 2016.
NEW YORK— Another steep drop in the price of oil weighed on global markets Tuesday. Energy stocks fell as oil giants Exxon Mobil and Chevron reported their worst quarterly results in more than a decade. On Monday, the Institute for Supply Management said its gauge of factory activity pointed to a contraction while China's official survey found that...
Major banks are increasing app functionality as a surge of fintech competitors targets Wall Street.
Is a banking crisis brewing in this Asian nation's giant economy? Moody's studied the problem to see how it could affect U.S. institutions.
Banks are raising red flags about energy loans on their books, but they may be unable to bring down the hammer on drillers.
Here's why new EU rate-swap rules are a concern for the US financial sector, explains Harvard Professor Hal Scott.
Global economy is on the brink of a recession, with central bank stimulus less forthcoming and growth weakened by China, Citigroup warns.
Banks are already drowning in liquidity, says Willem Buiter, Citigroup’s chief economist, when discussing the European Central Bank’s strategies.
The market is "adjusting" to a series of headwinds, rather than undergoing a fundamental shift, Citigroup CEO Michael Corbat says.
U.S. stock futures were lower this morning, after Wednesday's wild ride on Wall Street, which saw the Dow travel 1,000 points.
Michael Corbat, Citi CEO, weighs in on global markets, the U.S. economy, China's turmoil, the slump in oil prices and Citi's earnings.
U.S. oil futures recorded their worst settlement since May 2003, as a global supply glut bumped up against bearish financial news.
Is oil, or Fed fears responsible for big banks' stocks poor performance to start 2016?
A new Goldman Sachs report looks at how much the big banks are exposed to the oil crash.
"If corporations start to pull back ... we could slip into a recession," UBS' Art Cashin told CNBC.
Wall Street banks' earnings show a tougher environment for lenders in the mortgage market.
Bank of America reported a 9.8 percent rise in profit for the final quarter of the year, helped by lower expenses.