Financials

American International Group Inc, the largest commercial insurer in the United States and Canada, reported a 6.3 percent rise in quarterly profit as costs fell 16.3 percent.

American International Group Inc, the largest commercial insurer in the United States and Canada, reported a 6.3 percent rise in quarterly profit as costs fell 16.3 percent.

There are more than seven million Americans in default on their loans, many of them effectively in a standoff with the government.

There are more than seven million Americans in default on their loans, many of them effectively in a standoff with the government.

Two of the biggest players in the investment world are bearish on equities as Goldman Sachs downgrades stocks to "underweight" over the next three months and DoubleLine Capital CEO Jeffrey Gundlach saying there is no upside in U.S. debt.

Two of the biggest players in the investment world are bearish on equities as Goldman Sachs downgrades stocks to "underweight" over the next three months and DoubleLine Capital CEO Jeffrey Gundlach saying there is no upside in U.S. debt.

Like a good cappuccino, the plan to sort out Italy's weakest big bank is bittersweet for its peers.

U.S. authorities have issued subpoenas to Goldman Sachs for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday.

Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.

Investors can rejoice as the major players slash fees for popular exchange traded funds.

Barclays reported a 21 percent dip in first-half pretax profits despite improved returns in its core business.

Barclays reported a 21 percent dip in first-half pretax profits despite improved returns in its core business.

MasterCard, the world's second-biggest payments processor, reported a higher-than-expected 6.7 percent rise in quarterly profit as consumers spent more on cards using its network.

MasterCard, the world's second-biggest payments processor, reported a higher-than-expected 6.7 percent rise in quarterly profit as consumers spent more on cards using its network.

Credit Suisse posted a surprise second-quarter net profit and giving a major boost to Chief Executive Tidjane Thiam's turnaround plan.

Credit Suisse posted a surprise second-quarter net profit and giving a major boost to Chief Executive Tidjane Thiam's turnaround plan.

Motley Fool says bank stocks are the worst. Here’s why.

Motley Fool says bank stocks are the worst. Here’s why.

Want to eliminate your credit card balances? Pick the debt reduction strategy that's right for you.

Want to eliminate your credit card balances? Pick the debt reduction strategy that's right for you.