Georgetown law professor Adam Levitin explains how the Consumer Financial Protection Bureau could regulate Apple's new pay platform.
Some experts believe Alibaba's IPO could raise over $21 billion.
Bank of America Corp. agreed to a $16.65 billion settlement with the SEC Thursday.
Wall Street Salaries 2014: Goldman Sachs Leading The Way With 20% Hike As Banks Raising Pay For Junior Staff
Wall Street is facing pressure to improve working conditions for junior employees after a banking intern's death last year, likely caused by his long hours.
The bank has reportedly agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners.
The bank has agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners, said someone familiar with the matter.
The Securities and Exchange Commission said the unit, LavaFlow Inc., is settling the civil case without admitting or denying the charges.
Apple Inc. (NASDAQ:AAPL) is among the major companies expected to issue financial reports in the next couple of weeks.
Morgan Stanley, ranked No. 2 globally in mergers-and-acquisitions, benefited from a strong equities market in the quarter.
The settlement charge for selling shoddy mortgage-based securities hits hard on Citi's bottom line.
The settlement figure was more that twice what many analysts expected earlier this year.
Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.
A majority of the settlement is expected to be in cash, but the figure also includes several billion dollars in help to struggling borrowers.
Under greater pressure from regulators, U.S. banks offer immigrants fewer options to transfer remittances.
BNP Paribas may enter a $9 billion settlement with U.S. authorities that could prevent it from making U.S. dollar-based transactions for months.
The U.S. Department of Justice is preparing to sue Citigroup Inc. on charges that the bank defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, sources said.
The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co. agreed to pay to settle claims stemming from mortgage misdeeds to quicken similar punishments against other lenders, according to people familiar with the matter, according to Reuters in an exclusive report.
At least $5 billion of that amount is expected to go toward consumer relief consisting of help for homeowners in reducing principal amounts and monthly payments, and paying for blight removal in struggling neighborhoods, the Wall Street Journal said.
The Los Angeles Clippers will be run by the former CEO of Time Warner.
Major U.S. and European firms are under investigation for possible bribery violations, The Wall Street Journal reports.
Wall Street Bank representatives are heading to Russia for a conference. It's not political, it's just business.
Morgan Stanley managed to boost revenue in its bond trading business, after posting a particularly weak first quarter in 2013
The deal will add more than $221 billion in assets to TIAA-CREF's roughly $569 billion in assets under management.
Citigroup's quarterly loss on troubled assets eased to $292 million from $798 million a year earlier - and that aided the bottom line.
After last week's volatile sessions, which ended with the markets losing a lot of ground, earnings and economic data should guide markets.
Citigroup Cuts Nearly 300 Jobs To Maintain Costs; Former Citi CEO Charles Prince's Brother Among People Who Have Left The Bank
At the end of 2013, Citigroup had reduced its employee count by more than a fifth to 251,000 from 323,000 in 2008.
Earnings Preview: Bank of America Corp (BAC), Morgan Stanley (MS), Citigroup Inc (C), Goldman Sachs Group Inc (GS), Intel Corporation (INTC), PepsiCo Inc (PEP)
Expectations for U.S. company earnings are on a slippery slope down Wall Street.
Inadequate U.S. bank regulations helped trigger the 2008 global financial crisis - the free world's biggest crisis since the Great Depression.
Further, Citi last year agreed to pay $730 million to resolve claims that it did not reveal its exposure to toxic mortgage assets.
The hearing before competition and legal officials and their counterparts could determine whether the banks face hefty fines.