Part of a new strategy.
The government's wave of legal actions against JPMorgan Chase is designed to make the bank look bad and is a relentless approach similar to Feds' pursuit of Jimmy Hoffa, CNBC's Jim Cramer said Wednesday.
It wasn't quite "God's work." But it was close.
The CEO of bailed-out insurance giant American International Group has backed away from inflammatory comments in which he compared the public anger over bonuses to the lynching of African Americans in the Deep South.
Europe's largest banks will need to find an extra $95 billion of capital to comply with the tough banking rules due to be implemented in 2019, according to a report by the region's banking regulator.
Europe must make a decision as soon as possible on setting up a strong central authority to handle failing lenders, a key plank of establishing a successful banking union, former European Central Bank (ECB) president Jean Claude Trichet urged on Thursday.
Labour has picked a fight with the energy companies. The Conservatives want to make the world safer for bankers.
Marius Kloppers, the former boss of mining company BHP Billiton, received $16m (£10m) in his last year at the company and could receive a further £9.3m over the next five years from outstanding bonus awards of shares.
Read Mark Carney's lips: there is no new bubble developing in the housing market.
Mitt Romney may have taken the fall in the presidential race, but the trader who bet as much as $7 million on the him was the one who took the hit.
Standard Chartered can cover the $4bn capital gap expected to be revealed by U.K. stress tests without raising new money from investors, as it can generate $6bn by streamlining its retail bank and ending partnerships with other financial institutions, Goldman Sachs said.
George Osborne’s new tax on banks is facing fresh scrutiny from the Bank of England after MPs urged Threadneedle Street to consider the implications for competition in the sector.
Not good news for year-end bonuses.