The JPMorgan Chase layoffs come as the bank has moved to put more of an emphasis on technology and rely less on human tellers.» Read More
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.
Negotiations between JPMorgan Chase and U.S. officials to resolve allegations the bank mis-sold mortgage securities in the run-up to the financial crisis are focusing on how credit and blame will be distributed in any settlement, people familiar with the matter say, the FT reports.
The Container Store filed paperwork to go public, seeking to raise about $200 million. It plans to list on the New York Stock Exchange.
The market is "getting inured to these sort of crises," Karen Finerman of Metropolitan Capital Advisors says.
More than $1 billion has been wiped off earnings estimates for five Wall Street banks on fears of a decline in trading revenues. The FT reports.
"I think the market is already telling you it's not as afraid this time," Josh Brown says.
Former Bear Stearns CEO Alan Schwartz told CNBC that the possible $11 billion number surrounding the JPMorgan mortgage settlement talks make no sense.
Some of the names on the move ahead of the open.
A year after his ouster, Bob Diamond tells CNBC he's bullish on Barclays.
Talking Squawk, the official "Squawk Box" blog, looks at the auto showroom battle of the sexes, the latest black-eye for BlackBerry, and how the super-rich prepare for the worst.
Cramer thinks one of the largest fines ever levied against a bank could send shares soaring. Huh?
The "Fast Money" traders share their final trades of the day.