Hammered by their role in the 2008 crisis and the rigging of the LIBOR, the global banking sector looks set to take another battering.
Barclays on Wednesday reported a 26 percent drop in third-quarter net profit to £1.385 billion ($2.22 billion) as earnings at its investment banking arm dropped sharply.
Stocks finished near session highs Tuesday, with the S&P 500 touching a fresh high and the Dow within 50 points of an all-time record, as investors looked ahead to the Federal Reserve's announcement.
U.S. stock index futures held their gains Tuesday, with the S&P 500 poised to hit a fresh high, despite a weaker-than-expected retail sales report and ahead of the Federal Reserve's two-day meeting.
U.S. and European regulators ordered Dutch lender Rabobank to pay $1.07 billion to settle allegations it aided a scheme to rig Libor.
Edmund Salvesen, equity analyst at Brewin Dolphin, comments on European banks¿ earnings which have been "surprising" in UBS's case and "disappointing" when it comes to Lloyds and RBS.
Deutsche Bank posted a 98 percent drop in quarterly pre-tax profit to 18 million euros ($24.81 million), below the lowest expectations.
As the Fed begins its two-day policy meeting Tuesday, markets will get a look at how consumers behaved just before the government shut down.
Ahead of this week's Fed meeting, Jon Hilsenrath told us that banks could be getting their tapering calls all wrong.
Bulls face a trio of challenges: The Fed, earnings from some big names and delayed data due to the shutdown. Will they keep running or lie down?
Blackstone, the largest investor in single-family rental homes, is launching a security backed by those homes.
Who are the contenders for the "Funniest Person in Finance?" Bankers, financial advisors and hedge-fund managers ... oh my!
Pinterest worth near-$4 billion, without a dollar of revenue to speak of, while Amazon posts another profitless quarter, and Wall Street loves it.
Credit Suisse said it would restructure its interest rate trading activities following a third-quarter slide in revenue at its investment bank.
At least nine banks face investigations by the U.S. Department of Justice into their sales of mortgage-backed securities. The FT reports.
European shares closed lower on Wednesday, hit by plans for new, tougher stress tests for euro zone banks from the European Central Bank.
September's tepid jobs growth signals a squishy enough employment picture to push any wind down of Fed easing into next year.
If you think you're funnier than anyone else on Wall Street, prove it! Gotham Comedy Club is hosting a Wall Street comedy contest.
The International Agency for Research on Cancer has formally declared what many medical experts have long suspected: Air pollution causes lung cancer.
After delaying a number of new products during the worst automotive downturn in decades, manufacturers are unleashing a flood of offerings.