Financial Industry | featured news

Consumer advocate Elizabeth Warren will help set up a new watchdog agency policing the financial marketplace on behalf of borrowers and save ...

New month starts higher after European bank profits boost U.S. financials.

Citigroup posted second-quarter earnings of $2.7 billion Friday, marking its second consecutive profit and beating Wall Street expectations, thanks to improving credit ...

Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.

Federal regulators closed Bay National Bank of Baltimore, Md., the 87th U.S. bank to fail this year.

US bank stocks enjoyed a relief rally as uncertainty surrounding the new shape of the financial sector came to a close in the early hours of yesterday morning.

The sweeping overhaul of the nation's financial industry is President Barack Obama's answer to the nation's outrage over Wall Street bailouts. But come November if more Americans don't have jobs, Democrats in Congress could very well lose theirs, too.

Lawmakers were locked in an impasse over derivatives on Thursday as they struggled to finish their historic rewrite of U.S. financial regulations.

Some top finance firms that got federal aid also increased fringe benefits for their chief executives.

Germany's market regulator is poised to ban some forms of short-selling at 10 important financial institutions.