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As the European debt crisis roils the markets, American traders who once awoke at dawn are now rising in the dead of night to gain an edge when business begins [...]

Facing stalling growth prospects around the globe, Citigroup's chief executive, Vikram S. Pandit, said on Tuesday that the bank would lay off 4,500 workers in the coming months. Citi will [...]

Europe's worsening sovereign debt crisis has spread beyond its banks and the spillover now threatens businesses on the Continent and around the world. From global airlines and shipping giants to [...]

The Federal Reserve said Tuesday that it was planning for the nation's biggest banks to undergo another round of stress tests to determine whether they are sound enough to raise [...]

CORRECTION APPENDED Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the risk of a credit squeeze that could set off [...]

Even as Bank of America and other major lenders back away from charging customers to use their debit cards, many banks have been quietly imposing other new fees. Need to [...]

Who was in charge of regulating MF Global? Everybody and nobody, it seems. In the days since that midsize brokerage company filed for bankruptcy, officials at many regulatory agencies have [...]

Another European plan to fix its sovereign debt problem has initiated another sharp market rally. But will the enthusiasm over the latest rescue effort last longer than the optimism that [...]

Bankers have an odd-sounding problem these days: they are awash in cash. Droves of consumers and businesses unnerved by the lurching markets have been taking their money out of risky [...]

After negotiating through the weekend in Brussels in search of a comprehensive solution to the Continent's sovereign debt crisis, European leaders reported progress on the framework of a broad rescue [...]

Despite all the bleak economic news, a funny thing has been happening in the financial industry over the last few months: the banks have quietly turned on the lending spigot. [...]

Publicly, bankers say they understand the anger at Wall Street -- but believe they are misunderstood by the protesters camped on their doorstep. But when they speak privately, it is [...]

8:57 p.m. Updated Despite a paper gain that helped lift earnings by nearly $2 billion, JPMorgan Chase & Company reported on Thursday that profit fell 4 percent in the third [...]

The protesters who have gathered for weeks near Wall Street and the highly paid investors and analysts in the buildings that surround them don't agree on much. But when it [...]

Amid the uproar over bailouts and bonuses in the fall of 2009, the chief executives of the nation's largest banks walked through the iron gates of the Federal Reserve Bank [...]

The New York attorney general and the United States attorney in Manhattan filed separate lawsuits on Tuesday against the Bank of New York Mellon, accusing it of cheating state and [...]

CORRECTION APPENDED Once again, fits of optimism in the markets are being overwhelmed by forces of gloom. Shares in every major sector spiraled downward on Monday as the market dropped [...]

It is Morgan Stanley's turn on the hot seat. As confidence in the soundness of some of the world's biggest banks has fallen in recent weeks, investors have been selling [...]

The golden goodbye has not gone away. Just last week, Leo Apotheker was shown the door after a tumultuous 11-month run atop Hewlett-Packard. His reward? $13.2 million in cash and [...]

David M. Becker, the former general counsel of the Securities and Exchange Commission, told Congress on Thursday that he had done nothing wrong in handling the agency's work related to [...]

The worries of Wall Street banks keep growing. As if the troubles in Europe were not enough, two months of the most turbulent markets in decades are expected to seriously [...]

The amount billed by Debevoise & Plimpton to write a 17-page letter on a new rule intended to rein in risky banking -- around $100,000 -- would make most authors [...]

David P. Reynolds, a metals manufacturing executive who helped bring aluminum foil and aluminum beverage cans into the American kitchen, died on Monday in Richmond, Va. He was 96. His [...]

Battered by a weak economy, the nation's biggest banks are cutting jobs, consolidating businesses and scrambling for new sources of income in anticipation of a fundamentally altered financial landscape requiring [...]

The number of banks on the government's list of institutions most at risk for failure fell in the second quarter, the first drop since before the financial crisis began. Twenty-three [...]

Amid all the grim economic data and a chorus of warnings of a fresh recession, one group on Wall Street has remained remarkably optimistic despite the dangers that may lie [...]

European banks are continuing to show signs of strain, making investors increasingly skittish about American financial institutions. Regulators, bank executives and others continued to play down the risks on Thursday, [...]

One of the most tumultuous weeks on Wall Street ended on Friday with the markets not that far from where they started, but with worries about the United States economy [...]

Fear is on the rise again that worsening problems at some of Europe's biggest banks may wind up hurting financial institutions in the United States. The clearest signs of the [...]

Even after Standard & Poor's stripped the United States of its top credit rating on Friday evening, the downgrades were not over. On Monday, S.& P. lowered its ratings of [...]

The day after Standard & Poor's took the unprecedented step of stripping the United States government of its top credit rating, the ratings agency offered a full-throated defense of its [...]

WASHINGTON -- Standard & Poor's removed the United States government from its list of risk-free borrowers for the first time on Friday night, a downgrade that is freighted with symbolic [...]

Hanging over the debt ceiling negotiations in Washington has been the threat that the United States could lose its AAA credit rating, a coveted measure of the federal government's financial [...]

After an anxious weekend spent glued to their BlackBerrys and iPhones, bankers and investors breathed a sigh of relief Sunday as lawmakers forged an agreement to raise the nation's debt [...]

After a year of clashing with Washington over new financial reforms, the country's most powerful bankers have found common ground with regulators in the hard-fought effort to lift the debt [...]

Think of it as the flight to safety every investor would like a seat on. The only problem? Nothing is taking off. Investors are seeking alternatives to United States Treasury [...]

Credit rating agencies have been questioning Congress about its credibility. Now, Congress gets to turn the tables. A House Financial Services oversight panel on Wednesday will give lawmakers their first [...]

WASHINGTON -- World markets have behaved until now as if it were inevitable that Congress would raise the debt ceiling, the maximum amount the federal government can borrow, before the [...]

So far so good was the word on Wall Street Thursday as details emerged about Europe's latest broad, sweeping effort to relieve Greece's debt burden. But, analysts said, it was [...]

Even as the big banks stanch their losses, they are reckoning with an unfortunate reality: the anemic recovery is hurting their results. Second-quarter numbers on Tuesday from the nation's two [...]

CORRECTION APPENDED 8:43 p.m. Updated For two and a half years, Vikram S. Pandit was forced to hunker down to fix Citigroup's troubled businesses and fend off the bank's critics [...]

9:25 p.m. Updated Although banks have been cranking out big profits for several consecutive quarters as the spill of red ink from bad loans slowed, they have had little to [...]

CORRECTION APPENDED Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter. But [...]