Finance Banks


  • Chicago Options Exchange

    The financials sector is the worst-performing of the ten S&P 500 industry sectors this year. Is it time to buy? Michael Farr weighs in.

  • India's newly-launched mobile payment system mean users can receive and initiate payments by text.

  • WASHINGTON, April 11- The World Bank said on Monday it expects its nonmarket rate lending to top $43 billion in the current fiscal year as developing countries face economic headwinds, bringing its total for the past four years to more than $150 billion. "We are in a global economy where growth is expected to remain weak, so it is critically important that the World...

  • DUBAI, April 11- Abu Dhabi's International Petroleum Investment Co. is in talks with banks about issuing a bond denominated in euros, three sources aware of the matter said on Monday, with the cash to be used to refinance an upcoming maturity. Should the transaction materialise, it would be a rare bond sale from an Abu Dhabi government-related entity, meaning it...

  • LONDON, April 11- Royal Bank of Scotland will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in, a person familiar with the situation said. "After examining a number of potential sale options for our banking business in India, we have concluded that it is not feasible to sell the...

  • Street braces for barrage of bank earnings

    CNBC's Wilfred Frost provides a preview of this week's bank earnings which has been the worst performing sector year-to-date.

  • Blockchain is unlikely to kill banks, the chair of a bitcoin non-profit organization told CNBC on Monday.

  • Storm brewing in the sky.

    It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks.

  • It’s false that Italy’s banks aren’t lending: Molli

    Valerio De Molli, managing partner at Ambrosetti, explains why the issue surrounding the Italian banking system has been highly overestimated recently.

  • Are London’s banks having an ‘Uber’ moment?

    RBS CIO, Patrick Eltridge, explains why London’s financial sector hasn’t reached its "Uber" moment yet, and how innovation will improve the sector.

  • NPLs have undermined Italy’s banks

    David Benamou, managing partner at Axiom Alternative Investments, says clearing up the non-performing loan situation in Italy’s banking sector is one of the key tasks for its government.

  • The ramifications of negative rates

    Fredrik Nerbrand, global head of asset allocation research at HSBC, explains how negative interest rates act like the economic equivalent of a “chocolate teapot” in terms of its usefulness.

  • Italian banks now need some help: Portfolio manager

    Francesco Castelli, portfolio manager at Banor Capital, talks about the problems with Italy's banks and the government's plan for a rescue fund.

  • Blockchain is democratizing finance: Chairman

    Brock Pierce, managing director of Blockchain Capital, talks about the impact of the blockchain and disruptive technology on banking.

  • April 11- Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans. Just a few weeks into the current round of talks more than a dozen companies have had their loans cut by a total of $3.5 billion, equivalent to a fifth of available credit,...

  • SINGAPORE, April 11- The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects, financial market volatility and further falls in commodity prices. The Washington- based lender now expects the developing East Asia and...

  • April 10- It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks. Concerns about economic growth in China, the impact of persistently low oil prices on the energy sector, and near-zero interest rates are weighing on capital markets activity as well as loan growth. 'Goldman's lead banking analyst Richard Ramsden said in an...

  • WASHINGTON, April 10- The International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions. They have achieved this by cutting deposit rates into negative territory, ranging from minus five basis points in Hungary to minus 125 basis points in...

  • SYDNEY, April 10- Australian banks famously rode out the 2008 financial crisis with barely a scratch, but no longer are they the exemplar of success, as a commodity rout ravages the economy and a growing storm of accusations over misconduct threatens to tar their name. Last week, Westpac Banking Corp became the second Australian lender after ANZ Banking Group to...

  • Federal Reserve, the Bank of England and the European Central Bank all have been disappointed to varying degrees about how little inflation has picked up, or indeed how it has spent too much time going the opposite way. Even in China, where it is difficult to fathom the sheer magnitude of fiscal and monetary stimulus Beijing has piled on since the financial crisis,...

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