Chanda Kochhar, CEO of ICICI Bank, talks about how technology such as mobile payments and internet banking is disrupting India's banking system.» Read More
*Latest foreign player to leave Switzerland. ZURICH, July 14- Geneva's Syz is buying Royal Bank of Canada's Swiss private bank for an undisclosed sum, a deal that it expects to help more than double its profit from 2017.. RBC becomes the latest foreign bank to leave private banking in Switzerland, where the Toronto- based bank manages 10 billion Swiss francs on...
TORONTO, July 14- Bank of Nova Scotia said on Tuesday it will buy Citigroup Inc's retail and commercial banking operations in Panama and Costa Rica, expanding its presence in Central America. The Canadian lender, which operates under the Scotiabank banner, said the deal will lift its market share in credit cards to about 18 percent in Panama and to 15 percent in...
CNBC's Jim Cramer explains why he thinks Wells Fargo had a good second quarter despite its mixed earnings report.
NEW YORK, July 14- Those who trade in the global foreign-exchange market must step up and help regulators restore fairness and public trust after a string of investigations and settlements related to rigging, a top Federal Reserve Bank of New York official said on Tuesday. Simon Potter, head of market operations at the New York Fed, also said the emergence over the...
CNBC's Kayla Tausche provides a preview of JPMorgan's conference call after the banking giant reported a quarterly beat on the top and bottom line last quarter.
Wells Fargo delivered quarterly earnings that were in line with analysts' expectations on Tuesday.
BEIJING, July 14- China's central bank said on Tuesday the country's financial system was basically stable and it would maintain prudent monetary policy, while also lowering borrowing costs and increasing the portion of direct financing in social financing. Economic conditions were complicated and should not be underestimated, the People's Bank of China...
David Hilder, Drexel Hamilton analyst, breaking down the big banks quarterly numbers.
JPMorgan Chase delivered quarterly earnings that topped analysts' expectations on Tuesday.
Dan Nathan, co-founder and editor at RiskReversal.com, discusses where investors are looking when it coming to banks.
ZURICH, July 14- Swiss bank Syz& Co said it would buy Royal Bank of Canada's Swiss private bank, including 10 billion Swiss francs under management, the latest move by a foreign bank to exit Switzerland. Geneva- based Syz, which is privately held, didn't disclose a purchase price for the RBC unit, which is mainly active in Latin America, Africa and the Middle East.
*FX reserves fall by $40 bln in second quarter. BEIJING, July 14- China's banks made 1.28 trillion yuan in new loans in June, handily topping market expectations, while broad money supply growth quickened last month, thanks to the central bank loosening policy to support the slowing economy. The June loan data was announced a day before China unveils its...
Patrick Spencer, managing director of U.S. institutional equity sales at Baird, explains why investors are abandoning European bank stocks for their U.S. counterparts.
BEIJING, July 14- China's banks made 1.27 trillion yuan in new loans in June, according to Reuters calculations based on fresh central bank data, handily beating market expectations, while broad money supply growth quickened last month. "The lending and money supply figures are higher than market expectations, indicating recent government measures have...
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.
Guillaume Chatain, Executive Director and Head of Equity Solutions at JP Morgan Private Bank, expects Athens to seek changes to Monday's bailout deal over the next couple of months.
Jason Brady, Head of Fixed Income & Managing Director at Thornburg Investment Management, doesn't expect the Greek citizens to willingly accept the new harsh measures outlined in the bailout deal.
"Fast Money" traders discussed how to trade big bank stocks ahead of their quarterly earnings reports.
The FMHR traders provide their play on financials ahead of big bank earnings this week.
A joint U.S. officials staff report revealed that last year's bond market "flash crash" could not be attributed to a specific cause.