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  • A pedestrian walks past the Wall Street subway station near New York Stock Exchange.

    U.S. banks were getting clobbered after the United Kingdom voted in favor of leaving the European Union in an unprecedented vote.

  • NEW YORK— Stocks are plunging in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the safety of gold and U.S. government bonds as they wondered what will come next for Britain, Europe and the global economy. U.S. stocks took far smaller losses than markets in Europe and Asia, but were...

  • boost

    Banks' payout ratio could hit 100 percent of earnings in the next three years, according to one expert.

  • A trader stands in front of a subway station near the New York Stock Exchange in New York.

    Check out the companies making headlines after the bell Thursday: Citigroup, Viacom, Dollar Tree and more.

  • NEW YORK— The largest U.S. financial institutions have enough armor to withstand the turmoil of a major and prolonged national and global recession, the Federal Reserve said Thursday. The central bank's annual "stress tests" show that the 33 largest financial institutions— including JPMorgan Chase, Citigroup, Bank of America and Wells Fargo— all hold more...

  • A man looks at a notice outside a polling station in central London, Britain, June 23, 2016.

    Ahead of Brexit results, some major banks are telling trading clients that their ability to inject liquidity, or additional capital, into certain markets will be limited.

  • NEW YORK— U.S. stocks made their biggest gain in a month Thursday as investors grew more optimistic that Britons will vote to stay in the European Union. On the last trading day before results from the British referendum, stocks continued to rise as investors grew more confident Britain won't leave the union. Before that, the market slumped as investors worried...

  • The British pound is getting whipsawed by volatile trading as initial results from the vote on whether the U.K. should remain in the European Union showed the race was too close to call. But the pound sold off after counts from cities including Newcastle and Sunderland showed the result was far from certain. Shortly after the voting ended, a leading supporter of...

  • mind numbing

    Arbitration against Merrill Lynch highlights a potential hazard for other banks selling structured product investments.

  • Hammer at carnival

    Rich Ross of Evercore ISI believes that European banks can ride a "bullish hammer" back up.

  • Dexcom G5 Mobile Receiver

    Shares of DexCom rallied Monday amid two reports.

  • Pedestrians walk past a Capital One ATM outside of a bank branch in New York.

    The pullback in financial stocks is a buying opportunity, Morgan Stanley says, recommending an overweight stance on the group.

  • NEW YORK— The latest on developments in global financial markets:. Stocks are closing solidly higher as investors grow more optimistic that Britain will remain in the European Union. Stocks are solidly higher as investors grow more optimistic that Britain will remain in the European Union.

  • NEW YORK— Global stocks are climbing Monday as investors grow more hopeful that Britain will remain in the European Union. BRITISH VOTE: The British pound rose sharply as the latest opinion polls and betting markets suggest it's more likely Britain will stay in the European Union than leave when citizens vote on the issue Thursday. The pound jumped to $1.4652...

  • Uber and Airbnb

    Uber and Airbnb aren't going public anytime soon, but the big banks are getting involved anyway they can.

  • Angelo R. Mozilo, founder and former CEO, Countrywide Financial Corporation

    The DOJ is dropping its case against the ex-CEO of Countrywide Financial, according to a person familiar with the case.

  • WASHINGTON— Construction of new homes nudged down slightly in May, with builders pulling back in the Northeast and Midwest. Housing starts ticked down 0.3 percent to a seasonally adjusted annual rate of 1.16 million units, the Commerce Department said Friday. Analysts at Bank of America Merrill Lynch expect that single-family construction will total...

  • WASHINGTON— The Commerce Department reports on May U.S. home construction Friday at 8:30 a.m. Eastern. Analysts at Bank of America Merrill Lynch expect that single-family construction will total 800,000. That would mark solid growth, yet remain significantly below the 1960 to 2000 average of 1.04 million in a sign of how sluggish the recovery from the...

  • Airbnb app

    Airbnb has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans.

  • The bank is planning to reduce headcount at its retail branches and reinvest into the sales force.