TORONTO, July 24- Canadian mining-focused investment bank Edgecrest Capital has put itself on the auction block, hurt by a prolonged downturn in the natural resource sector that has hit fees and activity, according to two sources familiar with the situation. The move comes two years after Toronto- based Edgecrest, which is led by investment banker David Beatty,...» Read More
Blankfein to CNBC: Seems Like 'Fiscal Cliff' Deal Could Be 'Reachable', NCR to Acquire Retalix for $650 Million in Cash, Groupon Shares Pop 11.6 Percent After CEO Andrew Mason Defends His Vision And Leadership
Bonn Liu, Partner at KPMG China explains why innovation is the key for China brokerages to make revenue, which has been falling as trading volumes decline.
A top Federal Reserve official warned on Tuesday of potential risks to financial stability from cyberattacks on the U.S. payments system and from a looming funding gap in public pensions.
Euro zone, IMF reach deal on cutting long-term Greek debt, Lehman to sell Archstone to Equity Residential, US Airways Says Sandy Cost $35 Million in Profits, Facebook shares jump 8.1%, RIM stock has a one month rebound.
Former hedge fund portfolio manager Mathew Martoma will have to put up $5 million bail to remain free on insider trading charges.
One of the key destinations for financial jobs, Singapore is fast losing its lure as bank layoffs threaten the once robust job market in this Southeast Asian city state.
CNBC's Michelle Caruso-Cabrera reports on Europe's market-moving activities, as Moody's downgrades France's credit rating, and Credit Suisse plans to restructure its investment banking division.
The fiscal cliff walk begins and the yen takes a breather — it's time for your FX Fix.
Poor management decisions by MF Global's former CEO Jon Corzine triggered the firm's collapse, while lax protections for customer funds contributed to the $1.6 billion loss of customer money, U.S. congressional investigators say.
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
In honor of John McAfee, who spoke to our own Jeff Pohlman today while he is trying to stay one step ahead of the law in Belize.
Can stocks reverse a recent trend or will they go deeper in the red for the week?
Ahish Shah, global head of credit at AllianceBernstein, tells CNBC that UBS's restructuring represents an opportunity developing within credit markets to undergo deleveraging that may result in greater returns.
UBS is set to unveil a radical downsizing of its struggling investment bank next week in a move that will prompt the loss of up to 10,000 jobs across the Swiss banking group.
In an earlier "Squawk on the Street" interview CNBC's Gary Kaminsky weighs in on Lloyd Blankfein's reaction to Greg Smith's tell all memoir, "Why I Left Goldman Sachs."
Lloyd Blankfein, chairman & CEO of Goldman Sachs; Neil Blumenthal, Warby Parker co-founder; and Premal Shal, Kiva.org president, talks about business innovation and entrepreneurship, with CNBC's Julia Boorstin.
Texas Instruments and Yahoo report earnings, Best Buy bets on Windows 8, Monster Beverage drops in the wake of a lawsuit, Amazon says the Kindle is a top seller, the U.S. Customs Agency drops the Blackberry.
David Hilder, Drexel Hamilton banking analyst, breaks down the company's third quarter numbers of $0.28 EPS on $7.6 billion in revenues, and discusses whether to invest in financials now.
CNBC's Mary Thompson reports strength in the company's earnings is being driven by its investment banking, fixed income and investments and lending.
Douglas Sipkin, Susquehanna Financial senior analyst, breaks down the big bank's third quarter earnings of $2.85 versus $2.12 estimates, on revenues of $8.35 billion.