Big banks got a first-quarter surprise: consumer deposits outpace banks' commercial and corporate client account growth. » Read More
The oil-rich kingdom has burnt through $150bn in financial reserves since late 2014. The FT reports.
Wall Street banks are seeing profitability slide, and have no choice but to take it out on their own.
Wall Street banks reported ugly quarters for FICC trading desks, which took a beating in a volatile market.
In a research note, the bank writes risks are 'very evident on the downside.'
Some of the names on the move ahead of the open.
Morgan Stanley earnings beat, but profit more than halved as the bank's trading and investment banking businesses took a hit from market volatility.
Citigroup on Monday cut its outlook for the U.S. economy for 2016-2017, saying "the risks are very evident on the downside."
Whether the earnings results will extend the markets' rally is up for debate.
U.S. stocks closed lower, with energy stocks leading declines as oil prices fell ahead of a highly anticipated weekend meeting of oil producers.
Earnings helping financials put in a solid week. CNBC's Wilfred Frost has the lowdown on Citigroup's earnings.
CNBC's Wilfred Frost looks at Citigroup earnings and cost cutting leading to possible job losses at Goldman Sachs and other banks. The FMHR traders weigh in on the financial sector.
Argentina confirmed the seven banks managing its upcoming bond issue in the government's official gazette on Friday.
The biggest banks on Wall Street manage their way through a tough quarter by cutting head count.
CNBC's Wilfred Frost reports the highlights from Citigroup's Q1 earnings beat, including equities and fix interest only down 13 percent, compared to investment banking down 27 percent.
CNBC's Bob Pisani looks ahead at IPOs pricing next week and the three big names to look out for.
U.S. stock index futures indicated a lower open on Wall Street on Friday, with Citigroup and Charles Schwab providing the last of this week’s flurry of financial earnings.
Data measuring the mood of consumers and Citi's earnings are what traders will be watching Friday.
U.S. stocks closed narrowly mixed Thursday, with financials rising for a fifth straight day after some major bank earnings.
CNBC's Bob Pisani looks at the day's market action including earnings from banking names being better than expected.
A turbulent economic environment and sliding profits for big banks have not tempered one analyst's expectations.