Barclays will cut about 230 jobs and exit cash equities in Asia, as part of a broader retrenchment, the FT reports.
New Zealand's central bank cut interest rates to match a record low, but the kiwi dollar climbed on expectations the easing cycle may be ending.
Chinese banks are alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully.
Financial stocks are surging, thanks to the Fed's signals it is raising rates and recommendations by major Wall Street research shops.
Bank stocks will move as interest rates rise, but how so is a complex question. Here are 9 keys to bank-stock profits as the Fed acts.
U.S. bank stocks are dogs, but the QE trade hasn't ended; it’s simply changed locations. Investors are looking to banks in Europe and Japan.
New York Fed President Williams Dudley said he's not sure breaking up large banks is the best way to prevent a crisis in the U.S. financial system.
A recent study out of the FDIC makes it clear that no one has any idea what compliance with financial regulations, including the Dodd-Frank financial reforms, actually costs.
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
An international response is needed to the issue of the manipulation of the Libor to ensure that cartel behavior is not possible, Sharon Bowles, Liberal Democrat MEP for South East England and chair of the European Parliament's Economic and Monetary Affairs Committee, told CNBC on Friday.
Authorities in the U.S. and Europe need to get involved together with the UK authorities to make sure rigging of interest rates by banks cannot happen again, Sharon Bowles, Liberal Democrat MEP for South East England and chair of the European Parliament's Economic and Monetary Affairs Committee told CNBC.
Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. The New York Times reports.
Spanish banks are likely to need more money from the government to make sure they are well capitalized, Moritz Kraemer, head of European Sovereign ratings at S&P, told CNBC on Wednesday.
Banks' countries of origin have become important again and Deutsche Bank will continue its expansion in its home market, as well as in emerging markets and the U.S., Anshu Jain, head of the corporate and investment bank at Deutsche Bank, told CNBC in an interview.
Spanish banking stocks saw some relief early on Tuesday after heavy continued losses on Monday on concern about the banks' property losses.
JPMorgan’s biggest worry in the wake of the "London Whale" $2 billion trading loss should be losing the trust of Congress, analyst Jim Bianco of Bianco Research told CNBC Tuesday.
A "ring of defense" has to be built around eastern European neighbors Romania, Bulgaria and Serbia to help them cope with the fallout from a possible Greek exit from the euro zone, bankers said on Friday.
Spanish banks' borrowing from the European Central Bank almost doubled in March from February to 316.3 billion euros ($415.9 billion). The question whether Spanish banks need to be recapitalized hangs over the sector like the sword of Damocles.
MF Global’s top lawyer is to tell Congress that she was unaware of a gaping shortfall in customer money until hours before the brokerage firm filed for bankruptcy on Oct. 31. The New York Times reports.
Developed economies are still experiencing an economic “hard landing” after the credit crunch, despite data showing small increases in gross domestic product, Stephen Gallo, head of market analysis at Schneider Foreign Exchange, said in an interview.