Finance Banks


  • UBS' Nelson: HSBC going 'back to basics' Tuesday, 9 Jun 2015 | 12:39 AM ET
    UBS' Nelson: HSBC going 'back to basics'

    HSBC's plans to accelerate its investments in Asia is a move back to basics, which will be welcomed by investors, says Nick Nelson, head of European Equity Strategy at UBS.

  • Why HSBC's strategy won't move share prices Tuesday, 9 Jun 2015 | 12:19 AM ET
    HSBC's new strategy won't jolt share price: Pro

    With plans like the sale of Brazil and Turkey units widely expected, the announcement won't move HSBC's stock significantly, says King Lip, chief strategist at Baker Avenue Asset Management.

  • HSBC strategy in line with expectations: Pro Tuesday, 9 Jun 2015 | 12:14 AM ET
    HSBC strategy in line with expectations: Pro

    With HSBC's announcement being "pretty much expected" thus far, King Lip, chief strategist at Baker Avenue Asset Management, hopes the bank can discuss more about its money-losing U.S. division.

  • HSBC update won't be earth-shattering: IDC Monday, 8 Jun 2015 | 11:42 PM ET
    HSBC update won't be earth-shattering: IDC

    Cyrus Daruwala, managing director, Asia Pacific at IDC Financial Insights, says HSBC will likely "take the safe route" at Tuesday's strategy meeting.

  • Don't get your hopes up on HSBC: Mizuho analyst Monday, 8 Jun 2015 | 8:33 PM ET
    Don't get your hopes up on HSBC: Mizuho analyst

    Jim Antos, bank analyst at Mizuho Securities Asia, says traders expecting dramatic announcements from HSBC's update on late Tuesday may be disappointed.

  • JPMorgan's Dimon to shareholders: 'You are lazy' Thursday, 28 May 2015 | 7:24 AM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    JPMorgan Chase officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday.

  • Why Qatari banks are worried about FIFA Thursday, 28 May 2015 | 8:18 AM ET
    A Qatari official stands near the FIFA World Cup trophy following its arrival in Doha.

    Qatar losing the right to host the FIFA World Cup is “within the realm of possibility,” Citi bank has said, with Wednesday’s arrests “bearish” for the Arab emirate’s banks.

  • Why is FIFA a US-based case? Wednesday, 27 May 2015 | 12:54 PM ET
    Attorney General Loretta Lynch enters a packed news conference at the U.S. Attorneys Office of the Eastern District of New York following the early morning arrest of world soccer figures, including officials of FIFA, for racketeering, bribery, money laundering and fraud on May 27, 2015 in New York City.

    U.S. legal authorities said they have the jurisdiction to go after some FIFA officials for corruption charges.

  • Fed's Jeffrey Lacker: Let banks fail Wednesday, 27 May 2015 | 8:28 AM ET
    Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.

  • Stress test will show banks 'fit to survive': Pro Friday, 24 Oct 2014 | 4:30 AM ET
    Stress test will show banks 'fit to survive': Pro

    Philippe Bodereau, MD and global head of financial research at PIMCO, says stress tests on the European banking system will show the sector is "fit to survive".

  • 'We need more Europe': Nobel laureate Friday, 24 Oct 2014 | 3:30 AM ET
    'We need more Europe': Nobel laureate

    Jean Tirole, 2014 economics Nobel Prize laureate and professor at the Toulouse School of Economics, says he is a "big fan" of the EU's banking union plans, which will make the sector more competitive.

  • Russia's Sberbank to challenge sanctions in court Friday, 24 Oct 2014 | 3:08 AM ET
    A man walks past a branch of Sberbank Rossii on March 7, 2014 in Simferopol, Ukraine.

    Russia's top bank Sberbank said it had launched a legal challenge in the European Court of Justice over Western sanctions imposed on the bank.

  • Why the ECB stress tests are credible Friday, 24 Oct 2014 | 2:30 AM ET
    Why the ECB stress tests are credible

    Roberto Henriques, head of financials credit research at JPMorgan, discusses why the upcoming European bank stress tests are more credible than previous iterations.

  • Tracking the outlook for China's banks Thursday, 23 Oct 2014 | 11:23 PM ET
    Tracking the outlook for China's banks

    David Marshall, Senior Analyst for Asia-Pacific Financials at CreditSights, expects Chinese lenders to see rising non-performing loans and provision charges as the slowdown affects credit quality.

  • 'Massive' switch to new credit cards ahead Thursday, 23 Oct 2014 | 10:00 AM ET
    Credit card chip

    Bank customers can expect a flurry of thick mail as credit companies rush to get chip cards into their hands ahead of the holiday season.

  • Fed to toughen surcharges for biggest banks Tuesday, 9 Sep 2014 | 8:03 AM ET
    Federal Reserve System Governor Daniel Tarullo

    The Federal Reserve says its capital surcharges for the biggest banks will be tougher than globally agreed rules.

  • Morgan Stanley to pay $95M in mortgage settlement Tuesday, 9 Sep 2014 | 6:15 AM ET
    File Photo: Nighttime view of the neon financial ticker on the Morgan Stanley headquarters.

    Morgan Stanley has agreed to pay $95 million to resolve a suit accusing it of misleading investors in mortgage-backed securities.

  • Plosser warns on risks of waiting to hike rates Saturday, 6 Sep 2014 | 12:13 PM ET
    Charles Plosser, president of the Federal Reserve Bank of Philadelphia.

    Charles Plosser continued his push for the U.S. central bank to change its language on interest rate policy to reflect an improving economy.

  • 'Heavy penalty' for BNP Paribas: Pro Tuesday, 1 Jul 2014 | 11:18 AM ET
    'Heavy penalty' for BNP Paribas: Pro

    Benoit de Broissia, portfolio manager at KNL Richelieu, says there seems to be a "direct correlation" between BNP Paribas's dollar transactions and the size of its fine.

  • Morgan Stanley gives tweeting brokers some leeway Tuesday, 1 Jul 2014 | 7:54 AM ET

    Morgan Stanley is opening the social media door for its brokers by allowing them to post self-authored content on firm-approved Twitter accounts.

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