LONDON— The European Investment Bank has agreed to provide extensive funding for a new wind farm off the northeast coast of Scotland. The bank said Wednesday it would allocate 525 million pounds for the facility to be built 14 kilometers off the Caithness coast near Wick, 1,070 kilometers north of London. The money would be used to build an 86- turbine wind farm... » Read More
A "technical error" inadvertently flooded the options markets with errant trades on equity options and that could cost Goldman Sachs millions of dollars, reports CNBC's Mary Thompson.
All five of the U.K.'s biggest banks posted profits for the first half of 2013, but a report on Monday warned that banks and regulators may be too focused on combating the wrongs of the past to take heed of future threats.
Federal prosecutors in Manhattan on Wednesday criminally charged two former JPMorgan Chase employees with wire fraud and a conspiracy to falsify books.
Two former JPMorgan employees suspected of masking the size of the "whale" loss are expected to be arrested in the next few days.
One of the hottest areas now is the market for personal loans, which is attracting money from venture capital investors, spurred by the fast growth of Lending Club.
Ross McEwan's appointment as chief executive of Royal Bank of Scotland marked the latest phase in the return of retail banking to center stage.
Ralph Schlosstein, President & CEO at Evercore Partners talks about the company's plans to expand its advisory business in Asia. He also discusses the conditions needed for a recovery in M&A activity.
Discount brokerage E*Trade Financial reported a quarterly loss because of an impairment charge of $142 million to account for its surprise exit from market making.
Eric Wasserstrom of SunTrust Robinson Humphrey and Kenneth Leon of Standard & Poor's Capital IQ have the play as Goldman reported strong earnings in investment banking, fixed-income, currency and the commodities desk.
The Libor scandal is under the spotlight once again, as two U.K. brokers have been charged with conspiracy to defraud and are set to face court, in what could be the first case of the global rate rigging scandal to go to trial.
These two stocks have been underloved by the market for too long, and now shorts will have to rethink their position, said Jim Cramer.
The resolution of a recent rate-setting scandal points up that banks lack the context and culture to work on an honor system.
Elizabeth Warren, (D-MA), defends the 21st Century Glass-Steagall Act, her bill designed to rein in too-big-to-fail banks.
A flurry of activity in Washington this week has sparked trash talk among members of Congress from both sides of the aisle, reports CNBC's John Harwood.
This earnings season is going to be a bummer. Hey, tell us something we don't know. Well, it may not be so bad after all. Here's why.
US securities regulators plan to meet next week to adopt rules that would lift a long-time ban prohibiting hedge funds and other firms from advertising.
Daniel Coleman, CEO of Knight Capital Group, provides his perspective on the broker-dealer industry and gives his take on managing a high-frequency trading operation.
Fewer sporting rivalries are more riveting than when the U.S. takes on Canada in hockey. The "Daily Show" took it a step further and pitted the two against each other in banking.
Are mergers & acquisitions ready to take off? Richard Hendrix, FBR & Co. chairman and CEO, explains why there will need to be different valuation and growth environments before private equity firms will get more aggressive.
Greg Gibbs, Senior Currency Strategist at RBS says that actions against rate rigging have been transforming the way the global banking giants think and act.