Eric Vanraes, portfolio manager at EI Sturdza Investment Funds, discusses the banking sector and political instability as a result of the French presidential election.
ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs through a rights issue to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit. Keen to shore up its balance sheet, Switzerland's second-biggest bank had announced in 2015 plans to sell 20-30 percent of its highly profitable Swiss...
Credit Suisse has just reported first quarter earnings which show Switzerland's second-largest bank beating expectations.
NEW YORK, April 26- As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent- Chinese banks. Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, and China Construction Bank all have China's sovereign wealth fund, China...
WEDNESDAY, APRIL 26 SEOUL- South Korea Central Bank Governor Kim Choong Soo will speak at a conference in Seoul- 1200 GMT. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe gives a speech at the Renminbi Global Cities Dialogue Dinner.
As companies continue to post results from their first quarters in 2017, the "Fast Money" traders pause and take stock of which companies to buy.
The board is listening to shareholders, the bank's top executives tell CNBC after a rowdy annual meeting.
CNBC's Leslie Picker speaks to Wells Fargo chairman Stephen Sanger and CEO Tim Sloan following the annual shareholder meeting an re-election of all 15 directors.
Wells Fargo's annual shareholders' meeting turned rowdy Tuesday as several audience members loudly protested about the company's sales practices.
Wells Fargo's annual shareholders' meeting turned rowdy Tuesday as at least four audience members loudly protested the company's sales practices.
The ECB is breathing a sigh of relief after the first round of the French election but they are unlikely to change their policy stance until June.
Investors re-elected Wells Fargo's entire board.
DUBAI, April 25- Citigroup has obtained a licence to conduct capital markets business in Saudi Arabia, a move that will allow the U.S. bank to return to the kingdom to offer banking services after an absence of almost 13 years. "Saudi Arabia has embarked on a profound economic transformation journey and we are excited and committed to contributing to this...
DUBAI, April 25- Citigroup has obtained a license to conduct capital markets business in Saudi Arabia, a move that will allow the U.S. bank to return to the kingdom to offer banking services after an absence of almost 13 years. "Saudi Arabia has embarked on a profound economic transformation journey and we are excited and committed to contributing to this endeavor,"...
Banking is the one industry above all others that should cruise higher during a Trump administration, but the road likely won't be smooth.
At this week's European Central Bank meeting it is all about slight changes in tone when it comes to their assessment of economic activity. With the French presidential run-off scheduled for May 7, there appears to be little appetite to rock the boat.
CNBC's Leslie Picker reports on what to expect when Wells Fargo board members meet today in Ponte Vedra Beach, Florida.
Chantico Global CEO Gina Sanchez comments on unlocking value in the European banks, and how developments in the French election could impact the sector and the ECB.
Credit Suisse Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totalling 5.65 billion Swiss francs ($5.7 billion) since 2015.
Andrew Sentance, senior economic adviser at PwC, says that central banks need to address interest rates, considering that the first tremors of the financial crisis were nearly a decade ago.
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