Italy's government approved a state bailout in principle for Monte dei Paschi di Siena on Friday.
More than eight years after the collapse of the global financial system, the Continent's banks are struggling and things may worsen.
Italy's parliament has approved a 20 billion euro rescue fund for Monte dei Paschi after the bank failed to secure an anchor investor.
More than eight years after the collapse of the global financial system, the Continent's banks are struggling — and things may worsen.
Financial stocks are going to continue to soar thanks to an improving economy, less regulation and higher interest rates, experts said.
Steven Eisman told CNBC on Monday he does not have another big short — or bet against the market — but instead has a big long idea.
Regulations designed to prevent another financial crisis have not discouraged banks from lending, Steven Eisman tells CNBC.
Steven Eisman, senior portfolio manager at Neuberger Berman, believes the Trump administration will roll back financial regulations.
Ailing Italian bank Monte dei Paschi di Siena on Thursday formally approved a last-ditch attempt to raise 5 billion euros by year end.
ECB President Mario Draghi said he is "confident" that the Italian government knows what to do to address the country's banking sector.
The ECB announced a continuation of the bank's generous asset-buying program on Thursday, although a reduced pace of purchases is set to start from April next year.
Banks should taper expectations for regulatory change from the Trump administration, the Goldman Sachs executive told CNBC's "Fast Money."
Italy is discussing with the European Commission the terms of a state bailout of ailing bank Monte dei Paschi, Italian daily Corriere della Sera reported on Friday.
The Monetary Authority of Singapore on Friday moved to prohibit former Goldman Sachs banker Tim Leissner from financial market activity in Singapore.
Dodd-Frank co-sponsor Barney Frank sees where the law could be amended, but is worried about big banks pushing through other changes.
Standard Chartered will cut one in every 10 of its global headcount in corporate and institutional banking, according to media reports.
HSBC and Standard Chartered are the most at risk of failing the BoE stress test due to an exposure to Chinese credit; RBC Capital analysts.
Indian banks stand to benefit from demonetization deposits, says David Marshall of CreditSights.
Wells Fargo announced new account openings fell by 44% in October and new credit card applications had plummeted by 50%, NBCNews reports.
Chances of a financial crisis repeat are still much too high, Neel Kashkari tells CNBC.