The New York Fed's over reliance on certain personnel contributed to its inability to fend off "London Whale" risk prior to scandal.» Read More
Instead of making bank holdings more attractive, higher rates could spur withdrawals as customers find alternatives that are more generous.
Stocks finished broadly lower Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default.
The U.S. economy was one of the first economies to escape the last recession, but economists are already trying to work out when the next will hit.
Earnings season officially starts in the coming week, but the markets will mostly be hostage to the dickering in Washington.
Stocks finished higher Friday, recovering from the previous day's sharp losses and the Dow reclaiming its footing above 15000 mark, despite Washington's ongoing budget stalemate.
Lockheed Martin said about 3,000 employees would be furloughed from Monday due to the U.S. shutdown.
U.S. stock index futures ticked higher Friday, with major averages looking to stabilize following a few days of sharp losses, but the ongoing government shutdown -- now in its fourth day -- kept investors on edge.
Twitter hopes to woo investors with rip-roaring growth despite never having made a profit in the last three years.
The U.S. dollar index fell for a fifth straight session against, hitting an eight-month low, as investors fretted about a U.S. government shutdown.
Former Treasury Secretary Hank Paulson told CNBC he'd comment on JPMorgan's legal troubles, even though he shouldn't. Warren Buffett also weighed in.
One of the more entertaining sideshows of the recent criminal and civil cases against banks and bankers has been the raft of incriminating messages.
This is the unofficial transcript of President Obama's interview with John Harwood as it appeared on CNBC's "Closing Bell."
Stocks eased off session lows but still closed in the red Wednesday, amid mounting worries that the ongoing budget battle in Washington could eventually lead to a failure to raise the country's debt ceiling.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
The stock exchanges of Dubai and Abu Dhabi could merge by the end of the year, as reports emerged that financial advisers had been hired to advise on a possible tie-up.
Happy Wednesday. Welcome, welcome to the machine.
While investors shrugged off the government shutdown, borrowers could find it freezes mortgage applications, as tax returns and SSI numbers go unverified.
While the stock market obsesses over the debt drama in Washington, a bigger concern could be the dimming prospects for corporate balance sheets.
U.S. stock index futures ticked higher on Tuesday, as markets appeared to shrug off the U.S. government shutdown.
An insider at JPMorgan has supplied information to the U.S. Justice Department related to the sale of mortgage securities, the WSJ reported.