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Finance Banks

  • Italy has a $360 billion NPL issue: Expert

    Monte dei Paschi isn't the only Italian bank with bad debts, says Dan Scott at Credit Suisse.

  • Cramer's cheat sheet for the 'Trump' stocks money managers are frantically looking for

    Jim Cramer goes down the list of stocks in favor of Donald Trump, and those that could go down in flames.

  • Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act, a law meant to promote lending to poor neighborhoods. Wells Fargo has struggled since September to overcome its admission that employees wrongly created as many as 2 million accounts without customer authorization. Wells Fargo may win an appeal to the downgrade...

  • Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act, a law meant promote fair lending. Wells Fargo has struggled since September to overcome its admission that employees wrongly created as many as 2 million accounts without customer authorization. Wells Fargo may win an appeal to the downgrade through an...

  • WASHINGTON, Dec 7- Bank lobbying groups are pressing the U.S. Senate to once again work on reforming the country's consumer financial watchdog agency- but this time around they may see those changes become reality. In a letter to Senate leaders released on Wednesday the groups, including the Consumer Bankers Association and the Credit Union National...

  • President-elect Donald Trump plans to nominate wrestling magnate Linda McMahon as his choice to head the Small Business Administration, Trump's transition team said in a statement on Wednesday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern California's largest...

  • President-elect Donald Trump plans to nominate wrestling magnate Linda McMahon as his choice to head the Small Business Administration, Trump's transition team said in a statement on Wednesday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern California's largest...

  • President-elect Donald Trump plans to nominate wrestling magnate Linda McMahon as his choice to head the Small Business Administration, Trump's transition team said in a statement on Wednesday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern California's largest...

  • President-elect Donald Trump plans to nominate Oklahoma Attorney General Scott Pruitt to head the Environmental Protection Agency, a Trump transition team source said on Wednesday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern California's largest bank.

  • President-elect Donald Trump plans to nominate Oklahoma Attorney General Scott Pruitt to head the Environmental Protection Agency, a Trump transition team source said on Wednesday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern California's largest bank.

  • President-elect Donald Trump plans to nominate Oklahoma Attorney General Scott Pruitt to head the Environmental Protection Agency, a Trump transition team source said on Wednesday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern California's largest bank.

  • Whalen: If you want to own financials, you own American financials

    Chris Whalen, Kroll Bond Rating Agency, weighs in on the current state of European banks ahead of the next ECB meeting.

  • NEW YORK, Dec 7- U.S. Treasury yields fell on Wednesday, with the 30- year yield on track for its biggest drop in more than three months, as disappointing overseas economic data reduced optimism about global growth ahead of a European Central Bank meeting. "The market does not have a lot of clarity on what the ECB would do tomorrow," said Jeffery Elswick, director of...

  • NEW YORK, Dec 7- The U.S. dollar declined on Wednesday as Treasury bond yields eased and investors looked ahead to next week's Federal Reserve meeting, when the U.S. central bank is expected to raise interest rates but adopt a cautious tone on the economy. "It's a down day for the U.S. dollar broadly," said Greg Anderson, Global Head of FX Strategy at BMO Capital Markets in...

  • NEW YORK/ LONDON, Dec 7- Gold extended its rise on Wednesday, rebounding from this week's 10- month low as the dollar eased against the euro ahead of a European Central Bank meeting and on the view that a U.S. rate rise next week was already reflected in prices. The losing streak spilled into December as fears of U.S. rate rise, an increased appetite for risk and a...

  • Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act, a law meant to promote lending to poor neighborhoods. Wells Fargo has struggled since September to overcome its admission that employees wrongly created as many as 2 million accounts without customer authorization. Wells Fargo may win an appeal to the downgrade...

  • Dec 7- The American Bankers Association said it filed a lawsuit on Wednesday against the National Credit Union Administration, seeking to overturn a recently passed rule to ease restrictions on who may join credit unions. Bank trade group ABA said the rule would "unlawfully expand fields of membership for credit unions," disregarding Congress' instruction...

  • Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act, a law meant promote fair lending. Wells Fargo has struggled since September to overcome its admission that employees wrongly created as many as 2 million accounts without customer authorization. Wells Fargo may win an appeal to the downgrade through an...

  • BANK REGULATOR SEEKS TO DOWNGRADE WELLS FARGO'S FAIR LENDING RATING- SOURCES.

  • WASHINGTON, Dec 7- Bank lobbying groups are pressing the U.S. Senate to once again work on reforming the country's consumer financial watchdog agency- but this time around they may see those changes become reality. In a letter to Senate leaders released on Wednesday the groups, including the Consumer Bankers Association and the Credit Union National...

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