CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
September sales marked the industry's first year-over-year decline in 27 months and provided a hint of what might happen if the shutdown is extended.
The ADP private sector payrolls report takes center stage this week as the government shutdown leaves Wall Street with a dearth of economic data.
A group is creating an Occupy debit card, inspired by the protest movement, and meant to serve people without bank accounts.
Negotiations between JPMorgan Chase and U.S. officials to resolve allegations the bank mis-sold mortgage securities in the run-up to the financial crisis are focusing on how credit and blame will be distributed in any settlement, people familiar with the matter say, the FT reports.
The dollar posted slim gains against a basket of currencies on Thursday, but remained weighed by the ongoing U.S. budget impasse.
The price of oil fell as traders digested positive economic news and a decline in oil supplies at a key U.S. delivery hub.
European shares closed lower on Wednesday with investor sentiment still subdued as concerns weighed about U.S. borrowing.
Olly Burrows, a senior banks analyst at Rabobank, discusses European banking, after a report revealed that the majority of global capital shortfalls comes from Europe.
A vehicle delivering 200-mile range would come close to the range of the Tesla Model S, which is offered with a choice of several battery packs.
A study predicts that the number of subscribers to such services will grow from 2.3 million this year to more than 12 million in 2020.
The German maker is marking the occasion with a limited run of 1,963 in honor of the year the iconic sports car was introduced.
The dollar weakened against the euro and yen as investors adjusted positions ahead of the weekend and next week's U.S. Federal Reserve policy-setting meeting.
Banks are pulling back balance sheets, with more risk being driven to lenders that comprise the "shadow-banking" sector.
Five years after the collapse of Lehman Brothers, banks are pulling back their balance sheets from the fringes of the credit markets, with more risk being driven to unregulated lenders in the "shadow-banking" sector.
The carmaker discovered that the nuts it used to adjust the alignment of the rear wheels during the August 2012 recall were not tightened properly.
A shadow looms over the world's retail banks, which many believe the market is not factoring in.
China's property market is unlikely to take a hit from tighter liquidity when the Fed pursues the tapering of its bond buying program.
Japanese regulators are scrutinizing Deutsche Bank over concerns that its employees broke Japan's anti-bribery rules.
Brands as diverse as BMW, Volkswagen and Porsche are introducing hybrids, plug-ins and battery electric vehicles at the Frankfurt Motor Show.