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  • BlackRock signage above building entrance in New York.

    BlackRock has become the latest investment house to close a macro hedge fund after its $1bn vehicle suffered its worst-ever performance, the FT reports.

  • Deutsche Bank reported quarterly earnings largely in line with expectations but warned that challenges remained to cut costs.

  • Piggy bank on top of euros, dollars and yen

    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.

  • Bill Gross

    Bill Gross's new employer saw a 7 percent increase in short interest in the past month, according to new data.

  • Citigroup Headquarters in Long Island City, New York.

    After the U.S. Fed announcement, the KBW Bank Index closed higher. TheStreet.com on the winners and losers.

  • Lakshmi Mittal

    Lakshmi Mittal is meeting with France's president over accusations of “lying” and “blackmail."

  • Some of Barclays’ biggest investors have urged Antony Jenkins, the bank’s new chief executive, to take an axe to its investment bank. The FT reports.

  • Lloyd Blankfein

    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.

  • This shows the logo outside the Standard Chartered bank in the Central district of Hong Kong, 22 September 2003.

    Remember the advert that went: “Can a bank really stand for something, can it balance its ambition with its conscience," as you saw images of raindrops falling on leaves, children flying kites and Indians playing with colors?

  • Women walk past the logo of Japan's second-largest bank Mizuho Financial Group in Tokyo.

    Japan’s big banks are unlikely to see a sustained rebound in earnings until risk appetite returns to global financial markets, one analyst told CNBC on Wednesday.

  • A sign featuring the logo of the banking giant HSBC hangs outside a branch on December 11, 2003 in Hong Kong. The London-based bank, which operates in 79 countries, gave an upbeat tone for the global economy March 1, 2004 including its key Hong Kong market by reporting a record annual pre-tax profit of ?7.7bn ($14.4). (

    HSBC is to apologize to US lawmakers for failing to have appropriate controls in place to ensure it did not facilitate the financing of terrorism and other criminal activities, transgressions that analysts estimate may cost it up to $1 billion in fines.The FT reports.

  • portfolio_chart_glasses_93.jpg

    There's plenty of uncertainty for stock market investors, making it hard to make asset allocations.

  • BlackRock's headquarters in New York.

    Six years ago, Wall Street and the City of London were consumed with “Goldman envy”. But that seems to be changing. The FT reports.

  • Commonwealthbank_opt.jpg

    Moves by Australian banks to raise mortgage rates independently of the central bank did not change the impact of monetary policy, a top central banker said on Tuesday, dampening speculation of a cut to its official rate in response.

  • Downsizing

    Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.

  • Wall Street sign

    There is no shortage of companies waiting to go public in 2012, but whether they succeed is highly uncertain and will depend on the health of the global economy and broader markets, say analysts.

  • european_bank_teller_200.jpg

    The European debt crisis, which has pummeled global markets and is taking a heavy toll on its banks, is threatening to spill over into the Asian banking sector as the region’s lenders calculate their own exposure to the crisis — direct or otherwise. The FT reports.

  • china-construction-bank-3_200.jpg

    China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.

  • american_bank.jpg

    U.S. banking stocks followed the broad decline in Wall Street's Tuesday session on renewed uncertainty over Greece's debt deal. Despite the pessimism, some analysts believe the sell-off in American financials has been overdone and it is time to start buying into the sector.

  • chalkboard_money_200.jpg

    As their student enrollments in the United States continue to shrink, some for-profit schools are hoping to find growth opportunities in other countries.