A judge denied Credit Suisse's proposal to dismiss a lawsuit accusing the banking giant of fraud in selling mortgage-backed securities. USA Today reports.» Read More
Outgoing Bank of Israel Governor Stanley Fischer's influence extends far beyond the halls of power in Jerusalem and Tel Aviv's financial district.
U.S. banks have given a proposal to regulators on how to pay for restructuring in the event of a future crisis, the Wall Street Journal reported.
Through the dark days of the financial crisis investors have always been able to count on backing from two sources - Ben Bernanke and Beijing. But both are now signaling that they are getting tired of being leaned on so heavily.
More than a year after the nation’s five largest mortgage servicers signed a $26 billion legal settlement, those same servicers still need to do better, according to a new report.
Achieving elite status with United will soon require hitting an annual spend threshold, as the airline announces a new policy for its frequent fliers beginning in 2014.
Analysts fell under Samsung Electronics marketing spell when they made what they now admit were hopelessly optimistic forecasts.
"Squawk Box" hit the road this week from the HP tech conference in Vegas to the US Open -- with a whole lot of, um, Squawkward moments in between!
While 92 percent currently use a bank, nearly half of adults under age 34 say they use prepaid cards, check cashing, pawn shops and payday loans, a new survey says.
Despite mutibillion-dollar settlements, state and federal regulators are making slow progress in their efforts to prod banks to help mortgage borrowers avoid foreclosure.
Activists plan a show of "civil disobedience" in London's Canary Wharf on Friday to protest against capitalism.
Efforts to make the global financial system safer could be making Asia more vulnerable to credit shocks, leaving bond traders worried that a sharp sell-off could turn into a rout.
JPMorgan Chase last Friday announced a nationwide round of job cuts in its mortgage servicing unit that would eliminate roughly 1,800 jobs, CNBC has learned.
The stock market could continue to founder for another month or two, Stephen Weiss of Short Hills Capital says.
The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank is paying "great attention" to euro zone inflation.
JPMorgan Chase & Co CEO on Tuesday defended the disclosures the bank made last year about its unfolding London Whale derivatives loss.
The argument that companies like JPMorgan should split their chairman and CEO jobs is "the dumbest idea in the world," former GE boss Jack Welch told CNBC.
Stocks closed narrowly mixed in choppy trading Monday, as investors seemed to take a breather following last week's sharp rally and amid worries over when the Fed might scale back its stimulus program.
Analysts are becoming divided on what to do with shares of Morgan Stanley after the stock's sharp run-up this year.
Since the housing crash began, the market for these securities has been close to nothing. Banks still make the loans, but hold them on their books. Now that is beginning to change.
The hedge fund SAC Capital received between $2 billion and $3 billion in requests from investors for the return of capital last week, say people familiar with the matter.