Tarullo argued that compliance hasn't been stiff enough and that tougher action on the part of the Fed and other regulators was likely needed.» Read More
Jumbo loans are returning to the mortgage market after almost disappearing entirely in the wake of the credit crisis of 2008 and the real estate meltdown.
Tribune Co., the media company that recently exited a four-year bankruptcy, hired bankers to sell its flagship newspaper properties, according to two people familiar with the matter.
JPMorgan Chase CEO Jamie Dimon fired back at a group of investors who last week proposed stripping him of his current role as chairman, calling the issue a "sideshow" for the bank and its investors.
Stocks ended near their best levels Tuesday, recovering from their worst one-day drop in 2013, following Fed Chairman Ben Bernanke's speech and buoyed by a batch of upbeat economic reports.
JPMorgan Chase announced plans Tuesday to slash $1 billion in costs. The financial giant will also cut its staff by about 4,000 jobs this year, the company said.
The Wall Street compensation estimates New York State Comptroller Thomas DiNapoli issued on Tuesday are only the latest evidence in an inexorable move toward fewer jobs in the industry and – here's the surprise – higher average pay.
Check out which companies are making headlines before the bell Tuesday:
A new study shows that bank losses were so great during the financial crisis that even banks with new, higher capital requirements would have failed.
Hedge funds are the most bullish they've been in about six years. Find out the top 10 stocks they love.
Wells Fargo's valuation to the consensus forward earnings estimate is only slightly above the rest of the "big four" U.S. banks, despite being the strongest and steadiest earner among the group for many years. TheStreet.com reports.
After several lackluster years, the $5 trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.
Homeowners who received help on their second mortgage are still facing foreclosure on their first mortgage, according to housing advocates, the New York Times reports.
Citigroup said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability.
A group of investors have filed a proposal calling for JPMorgan Chase to name an independent board chairman, splitting the CEO and chairman roles currently held by Jamie Dimon.
Antony Jenkins, the new CEO of Barclays, has promised to switch Barclays from a bank whose ethos has revolved around profit maximization to one where success is measured through the more amorphous metrics of "respect," "integrity" and "service," The Fiscal Times reports.
Capital One's sale of its Best Buy credit card portfolio to Citigroup underlines the company's revenue-growth challenge.
Payment processor Total System Services said it will buy prepaid debit card provider NetSpend Holdings for about $1.4 billion in cash.
Bank of America CEO Brian Moynihan got a 73% pay increase in 2012, when the bank resolved crisis-era lawsuits and its stock was one of the sector's top performers.
The government's sale of a $10 billion stake in Japan Tobacco, the world's third-largest tobacco company, is expected to kick off within days after bankers met on Tuesday over deal details.