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The bank fund set up by Italian financial institutions to help weaker lenders is a "private sector initiative", Italy's finance minister said.
*1st qtr EPS 20 cents, matching market estimate. The bank's revenue also fell short of Wall Street's expectations, as adjusted revenue from bond, currency and commodities trading slid 17.5 percent to $2.26 billion. Charlotte, North Carolina- based BofA, one of the biggest U.S. lenders to the oil and gas industry, said total provisions rose 30 percent to $997 million...
David Hilder, Drexel Hamilton analyst, breaks down Bank of America's quarterly results, which beat earnings estimates by one cent.
Larry Summers, Harvard University professor and former Treasury Secretary, shares his thoughts on deferred debt, the global economy, and trade wars.
Net income attributable to common shareholders fell to $2.22 billion, or 21 cents per share, in the three months ended March 31, from $2.72 billion, or 25 cents per share, a year earlier. Market volatility stemming from a slide in commodity and oil prices, worries about China's economy and uncertainty about interest rates hit trading activity globally in the...
Citigroup and Bank of America offer significant value and could double in value over the next two years, Dick Bove told CNBC on Thursday.
Bank of America reported a slide in profit as concerns about an economic slowdown and uncertainty about the pace of rate increases dampened trading.
The "Squawk Box" crew breaks down Bank of America's quarterly results which beat on earnings but posted a slight miss on net income.
Pier Carlo Padoan, Italian Finance Minister, discusses the health of Italian lenders and the country's plans to restart its economy, with CNBC's Michelle Caruso-Cabrera.
LONDON, April 14- State-backed Royal Bank of Scotland is axing almost 600 jobs in its UK retail bank, according to sources familiar with the situation, in the latest round of job cuts and branch closures at the lender. The cuts are occurring in branches in northern, southeast or eastern England, the Midlands or London, the sources said. The latest redundancies mean...
Axel Weber, UBS chairman, discusses the challenges facing European banks, including the debate over "Brexit," and Greece's financial problems. And Tim Adams, Institute of International Finance president and CEO, discusses how additional regulations are impacting big banks.
Dick Bove, vice president of equity research at Rafferty Capital, discusses the health of the U.S. banking sector with specific comment on JPMorgan.
FRANKFURT, April 14- Central bankers gather this week in Washington for the International Monetary Fund's spring meetings amid continued questions about the global economy. Federal Reserve is cautiously raising rates, central banks from the euro zone to Japan moved in the opposite direction, fueling fears of a' currency war' among countries trying to...
*Economy to grow 7.8 percent in fiscal year ending March 2017. BENGALURU, April 14- India's growth rate is set to remain one of the fastest in the world this year with inflation running just slightly above 5 percent, leaving the Reserve Bank of India on the sidelines for at least another six months, a Reuters poll showed on Thursday. The RBI is forecast to cut the repo...
WASHINGTON/ FRANKFURT, April 14- Central bankers usually worry about when to remove the punch bowl of cheap finance but when they gather in Washington, D.C. this week they will face a different problem: how to force the world to drink. A Chicago Federal Reserve Bank composite index of household, bank and corporate leverage has been below average for nearly four...
The sector has under-performed the broader market by 10-15 percent so far this year, notes David George, senior research analyst for U.S. Banks at Robert W. Baird.
Despite market pessimism surrounding bank earnings, Tim Speiss, partner and chairman of EisnerAmper, thinks large lenders can thrive in the current low interest rate environment.
The market is still uncertain about banks post Global Financial Crisis, says OppenheimerFunds' chief economist and senior investment officer, Jerry Webman.
The consumer finance business is seeing benefits from the introduction of negative interest rates in Japan, says Shinsei Bank's CEO Hideyuki Kudo.
Banks are under unprecedented regulatory scrutiny ahead of the U.S. presidential election, says Battery Park Capital CIO, Bill Smith
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