Royal Bank of Scotland will pay $120m to resolve a Connecticut state investigation into the bank's underwriting of toxic mortgage-backed securities ahead of the 2008 financial crisis, authorities said on Monday.
Illinois State Treasurer Michael Frerichs joined CNBC's "Closing Bell" on Monday to discuss the state's decision to suspend billions of dollars of investment activity with Wells Fargo and what it could mean for taxpayers.
Jamie Dimon came to the defense of his fellow bankers on Monday, and went after Hillary Clinton while he was at it.
Who'd invest in a German bank? A roller-coaster two weeks for Deutsche Bank, the country’s largest lender by assets, has only reinforced the volatile position the sector now finds itself in.
The pound has sunk to a three-year low against the euro on worries over the UK’s prospects outside the EU, after the government set a timetable for Brexit negotiations and fanned fears it would go for a deal that leaves Britain excluded from the single market.
Wells Fargo is guilty of “egregious corporate behavior”, Hillary Clinton said while speaking at a rally in Ohio on Monday. Her speech came on the same day as Illinois became the second state to cut ties with the bank.
The U.S. Justice Department's potential fine, which could be as high as $14 billion, is just one step in a much more arduous journey, Raoul Pal tells CNBC.
The technology IPO market seems to be returning to life. Nutanix more than doubled in its IPO Sept. 30, the first time that's happened in over a year.
Cairn Capital hired Asif Godall as deputy chief investment officer, according to a statement from the London-based credit investment firm.
Legal action on behalf of over 100 small businesses which claim RBS drove them into the ground for its own gain is set to launch early next year, it has been confirmed today.
Global banking businesses will face nightmarish decisions if the UK loses its access to euro-clearing trading as part of the Brexit negotiations, the Japanese ambassador to the UK has warned.
Trump advisors have floated the idea of naming Jamie Dimon as treasury secretary, but the JPMorgan chief has said he would not be interested.
The CEO was speaking at the DealBook Conference in New York City, hosted by CNBC anchor and New York Times columnist Andrew Ross Sorkin and the editors of the Times.