Financials

A federal appeals court on Monday reversed a lower court order that Bank of America Corp. pay a $1.27 billion penalty in connection with mortgages sold by its Countrywide unit., a major blow to the government which had won the high-profile financial crisis case at trial.

Goldman Sachs is trimming additional staff from its sales and trading division, people familiar with the matter said, marking another wave of cost cuts for the Wall Street firm as it wades through a slump at some of its key businesses.

Deutsche Bank AG is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund.

Deutsche Bank AG is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund.

We asked experts if it's time to shake up your investment mix. See what they said.

We asked experts if it's time to shake up your investment mix. See what they said.

France is working on ways to make Paris a more attractive financial center to rival the City of London after Britain's vote to leave the European Union, Prime Minister Manuel Valls said on Saturday.

France is working on ways to make Paris a more attractive financial center to rival the City of London after Britain's vote to leave the European Union, Prime Minister Manuel Valls said on Saturday.

Berkshire Hathaway Inc.which increased its Wells Fargo & Co. stake to about 10% in the first quarter, is seeking regulatory approval to buy more shares, according to reports.

Chesapeake Partners, a $1.4 billion hedge fund that bet on special situations including mergers, bankruptcies and spin-offs, is shutting down after an 18-month stretch of losses, as it blamed government regulation for making investing tougher.

In a parade of announcements after the closing bell, four of the nation’s biggest banks unveiled new share repurchase programs and increased quarterly stock dividends following the release of the Federal Reserve’s bank stress test results Wednesday.

It didn’t take long for Morgan Stanley's conditional approval from the Federal Reserve to throw investors a bone.

It didn’t take long for Morgan Stanley's conditional approval from the Federal Reserve to throw investors a bone.

For months, executives running large U.S. banks have warned that a UK exit from the European Union would cause so much turmoil that they would have to slash staffing and move executives out of the country.

For months, executives running large U.S. banks have warned that a UK exit from the European Union would cause so much turmoil that they would have to slash staffing and move executives out of the country.

U.S. bank subsidiaries of Deutsche Bank AG and Banco Santander (NYSE:SAN) yet again failed the Federal Reserve'sstress test on Wednesday due to "broad and substantial weaknesses" in their capital planning processes.

U.S. bank subsidiaries of Deutsche Bank AG and Banco Santander (NYSE:SAN) yet again failed the Federal Reserve'sstress test on Wednesday due to "broad and substantial weaknesses" in their capital planning processes.

Lender GE Capital on Wednesday became the first firm to lose its designation as "systemically important," a label born of the financial crisis that the U.S. government gives to institutions with potential to wreck the economy in the event of distress.

Lender GE Capital on Wednesday became the first firm to lose its designation as "systemically important," a label born of the financial crisis that the U.S. government gives to institutions with potential to wreck the economy in the event of distress.