The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
"Too big to fail" banks—those that are so large that failure would be disastrous for their country's economy—still exist, according to RBS.
Turkey has slipped alarmingly quickly from emerging market darling to market danger zone, and there seems to be no halting the investor exodus.
Sergio Ermotti, UBS AG group CEO, shares his thoughts on the world's currency markets and the Fed's efforts to unwind its QE program.
CEOs from around the world have called for an overhaul of the international tax system, according to a new survey.
A bankruptcy judge says Detroit can't proceed with a plan to extricate itself from costly long-term financial contracts by paying $165 million to two big banks. The NYT reports.
After three lean years, Hong Kong bankers are looking forward to a surge in fees in 2014 as the city regains its swagger with a slew of big-money IPO.
After two years of stellar gains for global investment banks, JPMorgan has announced its top picks for the sector in the coming year.
Regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the WSJ reported.
China is set to return to the heyday of double-digit growth in 2014 driven by a revival in global demand, according to an investment strategist.
Gold had a tumultuous run in 2013 but don’t expect any respite in the new year, said UBS, which anticipates double-digit percentage losses in 2014.
To prevent falling behind in capturing business in China, JPMorgan turned to a tactic used by rivals: hiring the children of China's ruling elite.
UBS and Bank of America are the only creditors to reach a settlement with Detroit to let the city out of $230 million contracts. The NYT reports.
The "Fast Money" traders weigh in on everything from the Fed decision to which is hotter for 2014 — Facebook or Twitter.
A former UBS and Citigroup trader pleaded "not guilty" in a London court to charges that he had sought to manipulate Libor benchmark interest rates.
JPMorgan Chase is banning the use of multidealer online chat rooms and the use of such chat rooms among staff for social purposes.
Gold prices may close the end year near $1,300 lifted by a “relief rally” if the Fed votes to keep stimulus measures intact, CNBC's survey shows.
Tom Naratil, UBS CFO, explains how the Federal approval of the Volcker Rule is likely to impact the financial sector. Naratil says his company actually adopted some of the changes a few years early.
The first Swiss banks have signaled their readiness to work with U.S. officials in a crackdown on wealthy Americans evading taxes.
Deutsche Bank's bid to revive its American wealth management unit is off to a rocky start.