A strategy employed by large banks to help hedge funds cut taxes has drawn criticism from U.S. authorities, the Wall Street Journal reported.» Read More
Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
Some of the names on the move ahead of the open.
Plans by top iron ore miners to knock out high-cost rivals with a flood of cheap ore have had some success, but are meeting resistance in China.
London’s currency traders are set for a dramatic fall in bonuses, amid FX investigations and low trading volumes, a new report has found.
Sinopec is selling a $17.4 billion stake in its retail unit as the country reforms its sprawling state-owned enterprises. The Financial Times reports.
A senior nationalist warned businesses such as BP that they could face punishment for voicing concern over the impact of secession.
The hedge fund community appears to be salivating over Alibaba, with interest from Leon Cooperman, Dan Loeb and other major players.
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
Large investors can't decide if Russian stocks are cheap because of the Ukraine crisis or if the region is still too risky to bet on.
Alibaba founder Jack Ma surprised potential investors at an event in New York by addressing governance concerns over the Chinese e-commerce giant.
Deutsche Bank Co-CEO Anshu Jain warned that additional liquidity measures by the European Central Bank (ECB) would achieve little.
Chinese productivity growth has gone into reverse, highlighting the failure of recent reforms to set China on a sustainable development path.
Rapidly expanding car-on-demand service Uber told CNBC Hong Kong was proving its fastest growing market so far, outside of the U.S.
The talks failed amid concerns that the Argentine government has dug in to its refusal to pay certain creditors.
Soaring prices underscore the inflation risk in India, which remains a headache for policymakers who will release data on consumer prices this week.
Some of Thursday's midday movers:
So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.
Goldman Sachs is cutting off some hedge fund clients and even pulling cash from its own hedge funds as it looks to cope with tough new banking rules.
France has gathered support to challenge regulators imposing penalties on banks at a G-20 meeting after $8.9 billion fine was levied on BNP Paribas.