Sandy Weill, former chairman and CEO of Citigroup, also discussed why he would have "unbelievable confidence" in Larry Summers to head the Federal Reserve when Ben Bernanke leaves.
Laurie Glimcher, dean of Weill Cornell Medical College, and former Citi Chairman Sanford Weill discuss how breakthrough research is being funded largely by private money.
Sanford Weill, former Chairman & CEO of Citigroup, discusses the impact of the Dodd-Frank Act on the banking industry and the need for more "transparency" in the financial sector, amid new regulations.
Bank account size now matters for Goldman Sachs employees, says an article in New York Magazine.
Jonathan Slone, Chairman & CEO, CLSA tells CNBC's Bernie Lo how Citic Securities' purchase of the remaining 80 percent stake in CLSA will boost its dominance in Chinese markets.
The difficulty blacks face in the heart of America's financial capital was underscored by news that Merrill Lynch has agreed to pay $160 million to settle discrimination claims.
A "technical glitch" could cost the big bank millions of dollars, reports CNBC's Mary Thompson. And Richard Repetto, Sandler O'Neill, provides perspective on the trading error.
The Justice Department is nearing a decision on new cases stemming from the economic meltdown, reports CNBC's Scott Cohn.
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.
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.