Finance Banks


  • DIARY-Top Economic Events to Feb 3 Friday, 22 Jan 2016 | 7:01 PM ET

    Greenland Finance Minister Vittus Qujaukitsoq, Norway Prime Minister Erna Solberg and Foreign Minister Borge Brende, and Finland Foreign Minister Timo Soini to attend. BRUSSELS- European Central Bank executive board member Sabine Lautenschlaeger to speak at Committee on Economic and Monetary Affairs at the European Parliament- 1730 GMT.

  • Morgan Stanley CEO's pay released Friday, 22 Jan 2016 | 4:30 PM ET
    Morgan Stanley CEO's pay released

    CNBC's Seema Mody reports on Morgan Stanley CEO James Gorman's compensation.

  • FOREX-Recovery in oil, equities fuels dollar rise Friday, 22 Jan 2016 | 3:32 PM ET

    *Dollar rises after dovish comments from Japan, euro zone central bankers. NEW YORK, Jan 22- The dollar rose on Friday, boosted by increased expectations of monetary easing by central banks in Europe and Japan, and by a bump in global equities and oil prices that renewed market risk appetite. Kuroda's comments came a day after European Central Bank chief Mario...

  • LONDON, Jan 22- International banks are preparing to re-establish links with their Iranian counterparts using the SWIFT transactions system, the head of Iran's Middle East Bank told Reuters on Friday. A nuclear deal between world powers and Iran led to the removal of the curbs on Tehran's banking, insurance and shipping sectors at the weekend, as well as...


  • Why banks won't cut off energy's 'drunken sailors' Friday, 22 Jan 2016 | 11:36 AM ET
    Oil workers using chain to position drill on drilling platform.

    Banks are raising red flags about energy loans on their books, but they may be unable to bring down the hammer on drillers.

  • LONDON, Jan 22- Bank of England policies aimed at making banks safer and encouraging them to lend more at home played a noticeable role in reducing global cross-border lending, a central bank policymaker said in a research paper on Friday. Kristin Forbes, a U.S. academic who joined the BoE's Monetary Policy Committee in 2014, said the central bank's domestically...

  • Tech revolution ‘not yielding jobs’: union chief Friday, 22 Jan 2016 | 11:14 AM ET

    The official theme of this year's WEF has been the Fourth Industrial Revolution, yet union boss Philip Jennings said it's not yielding any jobs.

  • OTTAWA, Jan 22- When the Bank of Canada blinked in the face of its currency's slide, wrong-footing many who had bet on an interest rate cut, it sowed some doubts about both its readiness and ability to help the struggling Canadian economy through some hard times. "They're admitting that they cannot do anything anymore and therefore fiscal policy will have to take...

  • Middle East prepares for a post-oil era Friday, 22 Jan 2016 | 10:42 AM ET
    An employee of the Kuwait Oil Company (KOC) looks at 25 January 2005 the Gathering Center No.15 of al-Rawdatain field, 100 kms north of Kuwait City.

    As oil prices wallow at lows not seen for more than decade, petroleum-exporting countries in the Middle East are looking to reform their economies.

  • Recovering from the financial crisis Friday, 22 Jan 2016 | 10:15 AM ET
    Recovering from the financial crisis

    Recovering from the financial crisis Who recovered best from the financial crisis: Europe or the United States? Key business and financial leaders debate.

  • Russia should honor our sovereignty: Georgia PM Friday, 22 Jan 2016 | 10:39 AM ET

    Russia needs to honor the territorial integrity and sovereignty of Georgia, the country's prime minister told CNBC on Friday.

  • ECB bad loan request ‘totally fine’: Italy Fin Min Friday, 22 Jan 2016 | 10:11 AM ET
    Italian Finance Minister Pier Carlo Padoan speaks to CNBC's Julia Chatterley on the sidelines of the European House-Ambrosetti Forum.

    The rout in Italian banks stocks is due to a misunderstanding of the euro zone’s post-financial crisis regulatory regime says Italy's finance minister.

  • DAVOS, Switzerland, Jan 22- European Central Bank President Mario Draghi said on Friday that the bank had plenty of instruments at its disposal to push meagre euro zone inflation levels higher and was both determined and willing to act. His comments at the World Economic Forum in Davos came a day after the ECB surprised markets by signalling a readiness to pursue...

  • Banking's 'Uber moment' is a 'big threat' Friday, 22 Jan 2016 | 9:34 AM ET

    A large number of banks will disappear over the next few years as a result of digital disruption, a European banking chief has warned.

  • If successful, the deal would help the Swiss bank win market share in a highly-competitive wealth management market in Asia, led by global players such as UBS and Citigroup. Credit Suisse is evaluating the synergies it could extract from Barclays' portfolio of high net-worth individuals in Asia, one of the sources said, cautioning a deal was not certain.

  • Def. Sec.Carter: Accelerate fight against ISIS Friday, 22 Jan 2016 | 8:25 AM ET
    Ash Carter being interviewed in Davos, Switzerland, January 22, 2016.

    Defense Secretary Ash Carter says he wants to speed up the battle to defeat the terror group.

  • Larry Fink: I'm more bullish on stocks, but not oil Friday, 22 Jan 2016 | 8:20 AM ET
    Larry Fink interviewed in Davos, Switzerland, January 22, 2016.

    BlackRock chief Larry Fink tells CNBC he's more bullish on stocks than a week ago, but said crude hasn't hit bottom.

  • We are doing our homework: Italy fin min Friday, 22 Jan 2016 | 7:00 AM ET
    We are doing our homework: Italy fin min

    Pier Carlo Padoan, minister of economy and finance for Italy, says reforms in his country are beginning to bear fruit and improve the jobs market and will soon announce new reforms to the banking system.

  • How healthy is Spain's banking system? Friday, 22 Jan 2016 | 7:00 AM ET
    How healthy is Spain's banking system?

    Francisco González, chairman and CEO of BBVA, says the Spanish banking system is working better as a result of some banks being scrapped, but low inflation and low interest rates are a problem for Europe.

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