LONDON— Second-quarter profit at taxpayer-owned Royal Bank of Scotland rose 27 percent, it announced Thursday, but warned the cost of past scandals may continue to weigh on earnings. Net income for the period advanced to 293 million pounds from 230 million pounds a year earlier as the value of RBS's stake in U.S.-based Citizens Bank increased.» Read More
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.
Apple hires an exec from Amazon, Yahoo hires an exec from Google, two new drugs cited in meningitis outbreak, Les Moonves extends his stay at CBS, an early review of the first chapter from a book by a disgruntled Goldman Sachs employee is not kind.
CNBC's Kate Kelly reports the fallout over JPMorgan's trading blunder may have played a role in the CFO's decision to step down.
CNBC's Kate Kelly reports the fallout over JPMorgan's trading blunder may force the company's CFO to step down.
Jamie Dimon speaks out, PC sales are in decline; U.S. sets tariffs on solar panels and Spain is downgraded by the S&P for the third time this year.
Jamie Dimon, CEO of JPMorgan, says the economy would have been booming if the U.S. would have adopted Simpson-Bowles.
CNBC's Gary Kaminsky explains how QE3 is impacting deals on Wall Street, and how to avert a global recession, with CNBC's Rick Santelli.
Equities finish lower, Alcoa and Yum get earnings season off to a good start.
A quiet day of trading as the markets slowly approach 5-year highs; the meningitis outbreak grows; Huawei fires back at the U.S. and the IMF slashes forecasts for global economic growth.
Once the dregs of the U.S. economy, beleaguered mortgage banks are becoming more attractive as the home sector claws back from a depression, an analyst said Monday.
New financial advisory firms are popping up around the U.S., as veteran brokers leave big firms to build their own. These 10 are startup hotbeds.
CNBC's Mary Thompson reports Goldman Sachs is replacing CFO David Viniar, with incoming officer, Harvey Schwartz.
Mark Zuckerberg gives his first interview since the Facebook IPO; Ex-JCP exec joins the GAP; Steve Wynn releases a scathing statement on Joe Francis and Ford may soon have a CEO succession plan.
Deutsche Bank unveiled a new plan on Tuesday to survive in a less profitable investment banking world, saying it would aim for 4.5 billion euros in annual savings by 2015, and move 125 billion euros in assets to a non-core unit.
Steve Wynn wins $20 million from Girls Gone Wild Joe Francis; GoDaddy suffers a denial of service attack; another Zynga departure and Moody’s cuts Panasonic debt rating.
Former chair of the FDIC, Sheila Bair, continues her discussion on regulations; the future of the euro; and whether the Fed will be able to deal with inflation.
Former chair of the FDIC, Sheila Bair, discusses how Dodd-Frank legislation gave regulators a process to deal with insolvent banks and weighs in on whether TARP worked.
Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation, the FT reports.
Nokia and Motorola unveil new mobile phones; buzz is building for Amazon’s announcement tomorrow.
Mark Shafir, Citigroup co-head global mergers & acquisitions, discusses where bankers are looking to find deal flow outside of the nation's borders.