China announced a sweeping package of economic and social reforms last month, boosting global sentiment towards Chinese investments. The FT reports.» Read More
HSBC reported third-quarter underlying profit before tax of $5.06 billion in the third quarter, a rise of ten percent year-on-year.
Barclays has suspended six traders in connection with foreign exchange trading, sources with knowledge of the situation told CNBC.
Hammered by their role in the 2008 crisis and the rigging of the LIBOR, the global banking sector looks set to take another battering.
JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, and Bloomberg reported Citigroup had done the same.
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.
Take a look at some of Tuesday's midday movers:
European stocks closed higher on Tuesday thanks to strong earnings from BP and Saipem, as well as upbeat data from Nokia.
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.
We are the best capitalized bank in the world, says Tom Naratil, UBS, CFO, discussing his company's earnings and providing an outlook on the challenges facing the banking giant, despite pending litigation risk.
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.
UBS third quarter earnings slightly beat expectations on Tuesday but growing provisions for litigation signal the Swiss banking giant still faces regulatory issues.
Deutsche Bank posted a 98 percent drop in quarterly pre-tax profit to 18 million euros ($24.81 million), below the lowest expectations.
Sergio Ermotti, CEO of UBS, says the company has been open about its litigation costs after results showed 586 million Swiss francs ($654 million) in litigation charges.
Sergio Ermotti, CEO of UBS, says the market is still a challenging environment as the company report its earnings.
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.
Gold will likely build on last week's four-week high, according to CNBC's market survey.
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?
Financial advisers who gathered to hear leaders impart their best investment ideas were given a surprising tip: Bitcoin. The FT reports.
Stocks are at record highs and Wall Street is getting feverishly bullish. What could possibly go wrong?