There's a reason that people keep using the phrase "last of a breed" to describe Alan "Ace" Greenberg, the former Bear Stearns CEO who died Friday.» Read More
Goldman Sachs said Wednesday that it will make some changes to its commodities warehousing business to assuage concerns that the warehouses are limiting aluminum supplies.
Mistakes have blacklisted many Americans from banks, leading to fees for paying bills, cashing checks, and wiring money. The NYT reports.
The Dow and S&P 500 closed near the flatline Tuesday, while techs climbed to boost the Nasdaq to a fresh 12-year high, as investors remained cautious ahead of the Federal Reserve's policy statement.
Deutsche Bank pledged to cut risky assets from its balance sheet in response to regulatory concerns, as quarterly profit missed expectations, hit by a 630 million euro ($834.97 million) hike in litigation reserves.
JPMorgan Chase announced Tuesday it would pay a total of $410 million to settle allegations of energy market manipulation.
The Federal Energy Regulatory Commission said it has found cases where an affiliate of JPMorgan manipulated the electricity market. The two sides are reportedly in settlement talks.
JPMorgan is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of raw materials comes under unprecedented political and regulatory pressure.
Gold futures settled higher at $1328.40 on Monday, as investors turned their attention to a U.S. Federal Reserve meeting later in the week, which is expected to reaffirm its stance to keep interest rates near zero.
Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve's message at next week's monetary policy meeting pushed the dollar down.
Dick Bove is one of the market's biggest advocates for bank stocks, but he is worried that investors may be getting too enthusiastic.
Three years after Dodd-Frank was passed, the alphabet soup of banking regulators collaborating to write some 400 new industry rules are just 39 percent done.
While there is not yet a "Great Rotation" out of bonds and into stocks, there is certainly a 'mini-rotation.' But into...what?
Morgan Stanley, Goldman Sachs and JP Morgan have become major merchants of metals and energy. Now a Senate panel is going to investigate whether this is dangerous for the American economy.
Locked in various state comptrollers' vaults are billions in unclaimed funds that are owed to millions of people, ranging from the average Joe to Wall Street heavyweights.
On years of suspicion over inflated metal prices, the CFTC has put Wall Street banks on notice for a possible probe into their metals warehousing businesses.
Japanese stocks are rising as Prime Minister Shinzo Abe's coalition won control of the upper house of the Parliament.
The U.S. commodities market regulator has put Wall Street banks and other big traders on notice for a possible investigation of their metals warehousing practices.
The Fed is "reviewing" a landmark 2003 decision that first allowed regulated banks to trade in physical commodity markets, a move that may send new shockwaves through Wall Street.
Apache Corp. says it has agreed to sell its Gulf of Mexico shelf assets for $3.75 billion to private equity firm Riverstone Holdings.
As Wall Street’s sway in Washington appears to be eroding, big banks’ strong earnings could undercut their argument against new capital requirements.