CITIGROUP

When the Bank of New York Mellon (NYSE:BK) reports its quarterly earnings Wednesday morning, the results will be a reflection of an institution at a crossroads. BNY, an industry player widely known for its dominance in the sleepy turf of trust banking, is trying to muscle its way into the more aggressive corners of Wall Street trading. Earnings could show what it's like when a bank occupies the worst of both those worlds of finance.

As Wall Street waits for Goldman Sachs Group (NYSE:GS) -- the fifth-largest U.S. bank by assets and one of the most powerful banking institutions in the world -- to report fourth-quarter earnings Wednesday, the question most analysts seem to have is not whether the earnings release will be underwhelming, but just how bad the hit will be.

Manhattan federal judge Jed Rakoff is certainly not shy about speaking for himself. In November, as you'll surely recall, Rakoff blocked a negotiated $285 million settlement between the Securities and Exchange Commission and Citigroup over mortgage-linked securities. To say Rakoff had harsh words for the parties would be the understatement of the year. He railed against the bank and regulators an...

Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.

Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.

U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U.S. bank accounts and illegally snatching credit card numbers and stealing hundreds of thousands of dollars.

Stocks advanced on Tuesday but sharply pared gains late in the session after Citigroup's steep drop in profit gave investors a reason to unload bank shares.

European shares hit a 5-1/2-month high on Tuesday before closing above a key resistance level, boosted by automobile and mining stocks after Chinese economic data raised hopes the country would further ease its monetary policy to stimulate growth.

U.S. stocks gained on Tuesday as brighter sentiment about China's growth prospects overshadowed Europe's recent credit downgrades and a mixed bag of big bank earnings.

Citigroup Inc's fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue and discouraging clients from doing deals.

Stocks rose on Tuesday as improved sentiment about growth prospects in China overshadowed recent credit downgrades in Europe and a mixed bag of big bank earnings.

Stocks rose on Tuesday as improved sentiment about growth prospects in China overshadowed recent credit downgrades in Europe and a mixed bag of big bank earnings.

Wells Fargo & Co beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by improving credit quality and continued loan growth.

Citigroup Inc reported lower fourth-quarter profit while Wells Fargo & Co. said profit rose. Both big banks said their quarters were helped by declining bad loan costs.

Stocks were set to open higher on Tuesday as Chinese data fueled the belief the government may move to stimulate growth, overshadowing recent credit downgrades in Europe and a mixed bag of bank earnings.

Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets trading and discouraged clients from doing deals.

Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.

Stock index futures rose on Tuesday as investors looked to corporate profits as earnings season picks up and Chinese data fueled the belief the government may move to stimulate growth.

Stock index futures rose on Tuesday as investors looked to corporate profits as earnings season picks up and Chinese data fueled the belief the government may move to stimulate growth.

Japan's Nikkei average fell to a one-month closing low on Monday after downgrades of nine European countries, including a cut in France's triple-A rating, escalated fears over the region's ability to end its debt crisis.

Iran's effort to recover some $1.75 billion frozen in a U.S. bank faces a new obstacle due to a law President Barack Obama signed last month, potentially further squeezing Tehran's economy and exacerbating tensions between the two countries.