Fed Governor Daniel Tarullo told CNBC that whether banks should be split is up to Congress, which should also talk about limits on short-term bank liability.
With the price surging more than 50% in just a few days, even Bitcoin supporters acknowledge that the digital currency is unofficially in bubble territory.
More bad news for Carnival cruise lines: Another ship adrift and reports of sick guests on an island cruise center. Will this latest wave sink the stock?
Ex-Goldman Sachs Group trader Matthew Marshall Taylor pleaded guilty to one count of wire fraud Wednesday in connection with charges that he defrauded the Wall Street bank out of $118 million in 2007.
One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth.
At least three of the world's top drugmakers are bidding for Brazil's Ache Laboratorios Farmaceuticos in an auction that may value the group at more than $5 billion, people familiar with the matter said.
At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
The U.S. Federal Reserve could begin cutting back on its massive bond-buying program this summer if the economy continues to pick up steam, a top Fed official said on Wednesday.
"Am I a great investor? Not yet," Pimco's Bill Gross writes in an essay titled "Man in the Mirror." The real test of greatness will be adapting to a new era once the epoch of credit expansion comes to a close.
The maker of Chef Boyardee pastas and Hunt's ketchup reported a 57 percent fall in third-quarter profit, hurt by costs related to its acquisition of Ralcorp.
Zynga will take the plunge into real-money gambling and begin offering poker and casino-style games in Britain in partnership with Bwin.party Digital Entertainment.
Airfares will still be advertised inclusive of mandatory taxes and fees, after the Supreme Court refused a challenge by three airlines. But optional add-on services often leave fliers unable to compare the total price of a ticket.
J.C. Penney's top executives -- the chief executive, chief operating officer and chief talent officer -- received no cash bonuses in 2012, according to an SEC filing.
The growing trend of animal webcam -online video feeds of different animals doing animal things- has gotten the attention of Animal Planet, who see it as an opportunity for advertisers. The New York Times reports.
CNBC's Maria Bartiromo discusses the day's top business and financial stories, including the poor jobs number and the market's bounce back off its lows. She also looks ahead to the beginning of earnings season.
Diana Furchtgott-Roth, Manhattan Institute, and Betsey Stevenson, University of Michigan, debate whether near-zero interest rates are doing more harm than good for the job market and economy.