Democrat Bill de Blasio seems headed to be New York's next mayor. But Wall Street's worries about his election are unwarranted, some observers say.
Hammered by their role in the 2008 crisis and the rigging of the LIBOR, the global banking sector looks set to take another battering.
Around 1.2 trillion euros ($1.7 trillion) of non-performing loans are parked on European banks' balance sheets.
Mizuho Financial Group said the chairman of its banking unit will resign following a loans-to-mobsters scandal.
Financial services professionals based in Singapore – Southeast Asia’s financial hub – have high hopes for bonuses this year, according to a new survey.
JPMorgan's tentative $13 billion mortgage settlement with federal and state regulators is a "terrible deal," former prosecutor and SEC lawyer Jacob Frenkel told CNBC.
Retail banks care becoming increasingly concerned about being left behind by trends in social networking and mobile computing, according to a survey of the industry.
Morgan Stanley reported a 50 percent rise in revenue as higher income from equities sales and trading made up for a drop in fixed income.
Former Wells Fargo boss Richard Kovacevich said Friday that he stands by the assertion he made last month on CNBC's "Squawk Box" that TARP ruined the banks.
Former Treasury Secretary Hank Paulson told CNBC he'd comment on JPMorgan's legal troubles, even though he shouldn't. Warren Buffett also weighed in.
The government standoff is different from the 2008 financial crisis because it is "self-inflicted," Hank Paulson told CNBC.
JPMorgan Chase shook off the "London Whale" scandal to take the top spot for investment banking fees, according to a report published on Wednesday.
An insider at JPMorgan has supplied information to the U.S. Justice Department related to the sale of mortgage securities, the WSJ reported.
Former Bear Stearns CEO Alan Schwartz told CNBC that the possible $11 billion number surrounding the JPMorgan mortgage settlement talks make no sense.
A year after his ouster, Bob Diamond tells CNBC he's bullish on Barclays.
"We've got these things that we actually are guilty of and we've got to fix them," the head of JPMorgan's board audit committee said.
Email conversations between brokers and traders show food, drink and even a Ferrari were offered as incentive for rates fixing.
JPMorgan's settlement has reached $389 million over its credit card practices, reports CNBC's Kayla Tausche.
JPMorgan agreed to pay $920 million in fines as part of the "London Whale" case, reports CNBC's Kayla Tausche. The bank is also under questioning for its hiring practices in China.
The big bank has agreed to pay $920 million in fines as part of the "London Whale" case, reports CNBC's Kayla Tausche.