CFTC adopts weakened rule on derivatives trading
A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened ...
Mexico seeks easier foreclosures, cheaper loans
Mexico's government proposed a sweeping overhaul of the banking sector Wednesday to make credit cheaper and more available, a move desperately needed ...
Morgan Stanley CFO: Companies 'very cautious'
After getting bludgeoned in the financial crisis, Morgan Stanley is staking its future on the steadier, if less spectacular, business of wealth ...
Goldman CFO: Still 'very close' to crisis
Goldman Sachs reported what seemed like a good first quarter, but analysts were more concerned about the bank's future than the past three months.
Falling commodities give Dow worst day of the year
Worries about an economic slowdown in China fueled a steep drop in commodity prices Monday, spooking investors and giving the stock market its worst ...
Citigroup execs sound a cautious note
Citigroup isn't convinced the economy is back. The bank on Monday announced strong first-quarter results, but executives were more cautious than ...
An agency-by-agency guide to Obama's 2014 budget
President Barack Obama has proposed a $3.8 trillion budget for fiscal 2014 that aims to slash the deficit by a net $600 billion over 10 years, raise ...
Banks among those who received Fed minutes early
Employees at JPMorgan Chase, Goldman Sachs Group, Wells Fargo and Citigroup were among those to receive market-sensitive information from the Federal ...
Banks win dismissal of most rate-rigging claims
A group of banks including Bank of America and JPMorgan Chase have won dismissal of most of the claims in private lawsuits alleging that they rigged ...
Freddie accuses big banks of rigging lending rate
Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate ...
Citigroup to pay $730 million to settle lawsuit
Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank's disclosures when they ...
Citigroup pays new CEO Corbat $12.4M in 2012
Citigroup awarded its new CEO, Michael Corbat, a total of $12.4 million last year. That's 17 percent less than the $14.9 million his predecessor, ...
Fed: JPMorgan, Goldman need better capital plans
JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thursday, giving the banks until ...
Fed says 17 of 18 top US banks have strengthened
All but one of the nation's 18 largest banks are more prepared to withstand a severe U.S. recession and a global downturn than at any time since the ...
Dow hits record, erasing Great Recession losses
The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made ...
JPMorgan to scale back troubled-mortgage jobs
JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed up to handle ...
US 4Q bank earnings up 37 pct as lending rises
Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks ...
5 big US banks have cut mortgage debt by $19B
Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided ...
CEO of scandal-ridden UK bank sets new tone
Be honest. Or be gone. That's the message from the new chief executive at Barclays, the British bank that paid a $453 million fine for manipulating ...
Fines levied against RBS in rate-fixing scandal
Britain's Royal Bank of Scotland became the third major bank to be caught up in a global probe of interest rate manipulation Wednesday, but what makes ...
Lender Processing paying $121M to resolve claims
One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on ...
IBM sends Watson to NY college to boost its skills
Watson, the supercomputer famous for beating the world's best human "Jeopardy!" champions, is going to college. IBM is announcing Wednesday that it ...
Israel central bank chief to step down in June
The governor of Israel's central bank, widely credited with steering the nation's economy safely through years of world financial turmoil, resigned ...
Obama picks former prosecutor to head SEC
President Barack Obama sent his strongest signal yet Thursday that he wants the government to get tougher with Wall Street, appointing a former ...
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