HSBC Holdings PLC agreed Friday to pay $470 million to settle federal and state allegations of abusive practices in its U.S. mortgage business.
Credit Suisse reported a hefty loss Thursday as it makes a costly transition away from investment banking toward wealth management, wiping 9% off its share price.
The New York Attorney General’s office is largely through with its crackdown of high-frequency trading activities at Wall Street trading venues known as “dark pools” but has several other investigations ongoing.
Health insurer Aetna reported a 38 percent rise in quarterly profit, helped by strong performance in its government business that sells Medicare and Medicaid plans.
Europe's largest lender, HSBC, is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters.
New York Attorney General Eric Schneiderman has reached a long-awaited settlement with two major Wall Street banks over alleged improprieties involving activities in their private trading venues known as "dark pools."
MasterCard, the operator of the world's second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes rose.
The ETF boom may be leaving its architect behind.
Mendon Capital Advisors Portfolio Manager Anton Schutz on the state of the financial sector and the economy.
More consumers will be ditching that debit card as mobile banking gains momentum.
In a new report Goldman just called the bottom in oil.
American International Group said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn.
Insurer Ambac Financial said JPMorgan Chase & Co will pay the company $995 million in cash to settle disputes and litigation related to mortgage-related securities.
American Express Co. Chief Executive Kenneth Chenault is seeing signs of an economic slowdown.
The Wall Street Journal finance writer Emily Glazer on JPMorgan Chase's efforts to change its corporate culture.
FBN's Dagen McDowell and Cato Institute Senior Fellow Dan Mitchell, reacts to Governor Christie telling Neil Cavuto he would not rescue banks if he were president.
Property and casualty insurer Travelers' quarterly profit fell 16.6 percent as its underwriting gains declined and the company earned less from its fixed income and energy investments.
Barclays has embarked on a fresh round of job cuts to its investment banking business worldwide.
Goldman Sachs Group Inc's profit slumped for the third straight quarter as a $5 billion settlement of crisis-era legal claims ate into earnings in a tumultuous three months.
Bank of America reported a 9.8 percent rise in profit for the final quarter of the year, helped by lower expenses.