Finance Banks


  • JPMorgan boosts CEO Jamie Dimon's pay 35% to $27M in 2015

    JPMorgan CEO Jamie Dimon received a hefty raise to $27 million in salary, reports CNBC's Mary Thompson.

  • Jan 21- Wars don't always end with treaties; developments at the European Central Bank show how the war on low inflation may end when the loser declares victory and goes home. ECB chief Mario Draghi on Thursday vowed a strong defense of the bank's 2 percent inflation target, a goal it and other central banks have been signally unable to meet. Otmar Issing, the former...

  • BB&T CEO: Opportunities in new markets outweigh low rate issues

    BB&T Corporation CEO Kelly King discusses the bank's recent performance and interest rate expectations.

  • European Union flags in front of the headquarters of the European Central Bank in Frankfurt am Main, Germany.

    Here's why new EU rate-swap rules are a concern for the US financial sector, explains Harvard Professor Hal Scott.

  • Muhtar Kent, chairman and CEO of Coca Cola at the 2016 World Economic Forum in Davos, Switzerland.

    "My favorite emerging market right now is the United States of America," says Coca-Cola chief Muhtar Kent, acknowledging the treacherous global marketplace.

  • *Rome hopes for rapid Brussels deal on bad loans. MILAN, Jan 21- Italian banking shares surged on Thursday following a week of plunging prices, with Rome seeking a swift solution to the sector's bad loan woes and the European Central Bank sending a soothing message to anxious investors. "The situation is much less serious than the market thinks," Italian Prime...

  • Bull market in pessimism: Pro

    Here are stocks with more upside, with Eddie Perkin, Eaton Vance Chief Equity Investment Officer.

  • Growth expectations have been too high: CIO

    Colin Moore, Global Chief Investment Officer at Columbia Threadneedle Investments, says high growth expectations are stabilizing.

  • Global economy

    Global economy is on the brink of a recession, with central bank stimulus less forthcoming and growth weakened by China, Citigroup warns.

  • Jan 21- U.S. stocks surged higher late on Thursday morning as oil prices rallied and ECB President Mario Draghi raised hopes of easing monetary policy further as soon as March. The European Central Bank kept its main rates on hold and Draghi said the central bank would "review and possibly reconsider" its monetary policy stance in March. A volatile session on Wall...

  • Ukrainian Finance Minister Natalie Jaresko

    Despite persistent inflation and recent exit from recession, Ukraine can eke out modest growth in 2016, the country's finance minister told CNBC.

  • *Euro below $1.08 1st time in two weeks after ECB chief comments. *Dollar/yen back above 117 yen after sliding to 115.97 overnight. NEW YORK, Jan 21- The dollar rose on Thursday, hitting its strongest against the euro in two weeks, after European Central Bank President Mario Draghi suggested the bank could soon launch additional stimulus.

  • Donald Trump and Frank Underwood from Netflix's "House of Cards."

    What if "House of Cards" President Frank Underwood had a debate with Donald Trump? Kevin Spacey spills the beans.

  • There are "positive trends" for the global economy in the current market volatility, says the U.K. chancellor of the exchequer.

  • Jan 21- U.S. stock indexes dropped on Thursday morning, failing to hold on to a small rally at the open sparked by ECB President Mario Draghi's comments raising hopes of further easing monetary. The European Central Bank kept its main rates on hold and Draghi said the central bank would "review and possibly reconsider" its monetary policy stance in March.

  • SAO PAULO, Jan 21- Brazil's real currency slipped to near its weakest ever against the U.S. dollar on Thursday after the central bank surprised markets by holding interest rates steady, even as inflation is running at more than 10 percent a year. Tombini's note said the bank's decision would take into account a sharp cut in the International Monetary Fund's 2016...

  • MOSCOW, Jan 21- Russia's economy would contract by 2.2 percent in 2016 were the oil price to average $35 per barrel, Sberbank, the country's largest bank, said in presentation to investors on Thursday. Sberbank also said it expected to achieve a return on equity this year in the low-to-mid teens, and a cost of risk of around 250-300 basis points.

  • LONDON, Jan 21- Goldman Sachs and JPMorgan are making large donations to the campaign to keep Britain inside the European Union, sources said, highlighting the concern among some of the world's biggest banks over the impact of a British exit. In the face of growing Euroscepticism among the British electorate and political pressure from within his own party,...

  • Irish Prime Minister Enda Kenny

    A general election due will take place in Ireland "in a few weeks' time" the country's incumbent Prime Minister Enda Kenny told CNBC.

  • FRANKFURT, Jan 21- European Central Bank President Mario Draghi said on Thursday that the bank was closely watching developments on financial markets but was confident that the European banking sector is stronger than it was before the financial crisis. "So far, we have seen that they stand pretty resilient," he said. "We have not seen so far the potential for...

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